FHA Loans — Peyton & Falcon, CO
With a 3.5% down payment and flexible credit requirements, FHA loans open the door to homeownership in one of El Paso County's fastest-growing corridors. Whether you're buying new construction in Meridian Ranch or a resale home in Peyton, FHA financing makes it attainable.
Apply for an FHA Loan
The Falcon and Peyton housing market is dominated by newer construction—homes built within the past ten years account for roughly 60 percent of sales. FHA loans are well-suited to this inventory because new homes easily meet FHA appraisal standards, and builders in communities like Meridian Ranch, Indigo Ranch, and Paint Brush Hills are experienced with government-backed financing.
With median prices around $510,000 and the El Paso County FHA limit at $524,225, most standard single-family homes in the area fall within FHA parameters. For first-time buyers—particularly young families and military spouses not using VA benefits—FHA provides a practical path with just 3.5 percent down and credit scores as low as 580.
FHA mortgage insurance premiums (MIP) add to the monthly cost, but the trade-off is accessibility: buyers who might need 10–15 percent down for conventional financing can enter the market years sooner. Once you've built sufficient equity—typically reaching 20 percent through appreciation and payments—refinancing into a conventional loan to drop MIP is a common strategy we help borrowers execute.
Minimum Down Payment
3.5% with a 580+ credit score
Credit Score
580+ for 3.5% down; 500–579 requires 10% down
Debt-to-Income Ratio
Up to 50% with compensating factors
2025 Loan Limit
$524,225 for El Paso County
Calculate your estimated monthly mortgage payment including taxes and insurance
The FHA loan limit for El Paso County is $524,225 for a single-family home in 2025, covering most homes in the Falcon and Peyton area.
Yes, FHA loans can finance new-construction purchases. Builders in Meridian Ranch and Paint Brush Hills accept FHA financing.
Connect with Emmett directly. Quick response, personalized guidance for your Peyton/Falcon home purchase.