Getting FHA loans in Denver may be easier than the media wants you to think. That is, only if you are an owner occupant... as it is true that FHA no longer offers investor financing, and actually hasn't for some time . However, buyers can get an FHA loan in Denver, for instance, to purchase two to four family dwellings, provided they intend to occupy one of the units as their primary residence. It is important to recognize that it might be easier to get an FHA loan in Denver now than it will be after December 31^st. That is if you want the advantage of the higher FHA loan amounts established by the American Recovery and Reinvestment Act of 2009 (ARRA) signed into law on February 17, 2009. These higher FHA loan limits in Denver were only approved to remain in effect until December 31, 2009. At this time there is no discussion of whether the maximum FHA loan amounts will revert back to pre- ARRA limits. Thus, if you want to take advantage of the current maximum FHA loan in Denver County for a single family dwelling of $406,250.00 you might want to take action before the end of the year!

Is it no down payment that is making you hesitant from applying for an FHA loan in Denver?

The rumor that down payment assistance for FHA loans is dead is probably the second biggest mistruth that has been circulating in Denver. There are many FHA approved down payment assistance programs available that can be used in conjunction with FHA loans in Denver. Probably the most popular program available is CHFA, or Colorado Housing Finance Authority. There are income limits based on family size, but there is no longer a requirement that buyers must be first time homebuyer to use a CHFA loan in conjunction with an FHA loan in Denver. Check it out today, before the maximum financing amount for FHA loans in Denver are lowered!