Ouray County's 2026 FHA limit of $750,950 sits $209,663 above Colorado's standard floor of $541,287, giving Ridgway buyers significantly more purchasing power than most Colorado markets. At Ridgway's median price of $785,000, FHA requires just $27,500 down — saving $129,500 versus a 20% conventional down payment. Monthly MIP runs approximately $350 at that loan size, with a one-time upfront MIP of $13,300 typically rolled into the loan.
Ridgway's median price of $785,000 exceeds the $750,950 FHA ceiling. FHA works best for entry-level buyers targeting properties priced below $778,000. For purchases above that threshold, conventional high-balance or jumbo financing is required.
Colorado's CHFA (Colorado Housing Finance Authority) offers down payment assistance statewide. Ask us whether the CHFA SmartStep or Preferred programs apply to your purchase.
We close FHA loans in Ouray County — typically in 21–28 days. Tell us your purchase price and we'll send you a full breakdown within hours.
Tell us a little about you and we'll reach out personally — usually within one business day.
Or call (970) 708-9624