FHA Loans in Colorado Springs

FHA loans in Colorado Springs, CO offer a flexible path to homeownership—especially for buyers with limited savings or less-than-perfect credit. Backed by the Federal Housing Administration, these loans make it easier to qualify, even if you’ve faced credit challenges in the past. With just 3.5% down and competitive rates, FHA financing is one of the most popular mortgage options in the area. [Check your FHA eligibility today.]

Many Colorado Springs buyers choose FHA loans because of the flexibility they offer. Credit scores as low as 580 may qualify for 3.5% down, and scores between 500–579 may still be eligible with a 10% down payment. FHA loans also allow the use of gift funds, down payment assistance, and even seller concessions to cover closing costs—giving you more ways to get into a home affordably.

If you’ve been turned down by other lenders due to overlays or strict credit rules, we can help. We follow true FHA guidelines, with manual underwriting available for those who need it. Whether you’re buying your first home or returning to the market, this program can make it happen. [Let’s talk about your options.]

Why Choose an FHA Loan?

• Low Down Payment: Just 3.5% with credit ≥580

• Lower Credit Threshold: Scores as low as 500 with 10% down

• Flexible Underwriting: Ideal for those recovering from credit setbacks

• Single- or Multi-Unit Options: FHA loans support 2–4 unit properties

• Support for First-Time Buyers: Popular with local grant and assistance programs.

Who FHA Loans Work For

• First-time homebuyers with limited savings

• Borrowers with fair credit rebuilding their score

• Buyers seeking low-down payment options

• Those interested in multi-unit properties or fix-and-flip through FHA 203(k)

Colorado Springs Market Snapshot

With a median price around $490,000, home values have plateaued—but more inventory and slower sales mean better leverage for buyers. Popular neighborhoods include Briargate, Old Colorado City, and Black Forest—areas known for FHA-approved home types. Available assistance through CHFA, Chenoa and NHF can further reduce down payment and closing costs.