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FHA Loans in Colorado including Denver Metro Counties

FHA loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA) loan allows borrowers to buy a home with little money down and easier qualifications.  Security Financial Services has developed relationships with lenders that have large lender credits for rates that will pay for most or all of closing costs.  That is part of our customizable No Closing Cost Loan programs. You choose the rate that makes the most sense for you with the lender credit you want to pay for closing costs and/or escrows of taxes and insurance.  

In previous years, FHA loans were not the best option for those people that did not have 20% equity in their property or did not have 20% to put down on a home.  But in 2015, the government approved to lower the MIP (Mortgage Insurance Premium) which now makes an FHA loan payment as low as a conventional loan with Mortgage Insurance in many cases MIP was lowered from 1.35% to 0.85%.  Plus, easier underwriting and lower credit scores allowed.  In fact if credit is under a 700 mid score your overall payment will be lower on FHA due to how the pricing model is set for FHA. No big pricing adjustments for less than perfect credit scores.  Contact Security Financial Services out of Castle Rock, Colorado today to see what your payment can be.

FHA has pre-defined loan limits based on the county that you live in.  In 2022 there have been increases in FHA loan limits in all of the Colorado counties. This includes cities such as Denver, Highlands Ranch, Littleton, Colorado Springs, Boulder, Westminster, and others.  Find out the loan limits for your area with this FHA Loan Limit link from HUD.  FHA determines these loan limits by counties such as Douglas County, Boulder County, Jefferson County, Adams County, Arapahoe County, to name just a few.  The government does not provide the funds for the loan - the lender does that.  FHA primarily insures the loan so that if the homeowner cannot pay the mortgage then the FHA insurance reimburses the lender. This allows lenders to provide some of the lowest rates when compared to other mortgage products to borrowers with less than perfect credit that would otherwise be denied with other loan products.

Go to our Paperwork Needed Webpage to view what Security Financial Services needs to have a quick and easy underwrite with one of our FHA Lenders.  We want to make the process easy for you!


Other Loans you might be interested in:

  • VA Loan
  • 30 year Fixed loan 
  • 15 Year Fixed Loan 
  • Jumbo Loan



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