An FHA mortgage loan is insured by the Federal Housing Administration (a division of the Department of Housing and Urban Development (HUD)).

Although mortgage lenders provide the mortgage funds, the FHA sets underwriting standards for approving applicants. In many cases, FHA underwriting guidelines are more lenient than conventional  underwriting guidelines.  FHA is charged by the government with increasing home ownership in the United States.

This leniency makes it easier for borrowers to qualify for a mortgage loan. (low down payment requirements and a higher monthly debt allowance as well as approval criteria not based solely on borrowers credit scores)

FHA limits the types of loan programs it insures, but it will insure the more popular 30 year fixed, 15 year fixed and one year and three year adjustable rate loan programs. However, borrowers are limited to the amount that they can borrow using an FHA-insured mortgage. FHA maximum mortgage limits are based upon the respective cost of housing in specific counties.  Therefore, applicable loan limits differ by county. Please call the phone number in the "Contacts" section of this website to obtain maximum mortgage limits in Colorado counties.

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