FHA Loans · CO
FHA Home Loans in Trinidad, CO
FHA's 3.5% minimum on Trinidad's $188,000 median requires just $6,580 — $2,820 less than a 5% conventional down payment.
3.5% Down
$6,580
Monthly Total
$1,249/mo
2026 FHA Limit
$541,287
Income Needed
$55,786/yr
FHA Limit Covers Trinidad
FHA loan limits in LAS ANIMAS County ($541,287) comfortably cover the Trinidad median home price ($188,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$6,580
Lower MIP
FHA 10% Down
$18,800
No PMI
Conventional 20%
$37,600
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $1,166 | $83 | $1,249 |
| Conventional 5% down | — | $104 | $1,262 |
Upfront MIP of $3,174 (1.75%) is typically rolled into the loan balance.
Down Payment Assistance
CHFA (Colorado Housing and Finance Authority) offers down payment assistance grants and second mortgage products stackable with FHA — eligible buyers may reduce out-of-pocket to near $0. Income and purchase price limits apply.
CHFA Eligible: Colorado Housing and Finance Authority offers down payment assistance grants and second mortgage products stackable with FHA. Income and purchase price limits apply.
FAQs
Get pre-approved for an FHA loan in Trinidad
Low down payment, flexible credit requirements, and DPA stackable programs.