Kenna Real Estate Group · Fort Collins affordable homes guide
Cheap homes in Fort Collins are condos and townhomes: 168 homes under $400,000 this week, 65 under $300,000, median $324,000 with a $371 HOA, and 92 percent carry dues. Midtown, the west side by CSU and Old Town hold most of them. This guide walks the ZIP codes, prices the payment, and covers the City of Fort Collins Home Buyer Assistance, the Larimer Home Ownership Program and CHFA.
A live person answers. Not a robot, not a phone tree.
65 under $300,000, 28 under $250,000. Updated daily on the Fort Collins affordable homes page.
Midtown and Foothills, west Fort Collins by Rolland Moore, and the CSU west side hold three quarters of them.
On a $320,000 condo, $371 HOA with FHA at 7 percent, including the $371 HOA. Income needed at 30 percent: $113,000.
The grant covers the down payment, the seller pays closing, earnest money comes back.
Fort Collins has no cheap houses left inside the city: under $400,000 means a condo or townhome, and the pockets follow the 1970s to 1990s complexes along College Avenue in Midtown, the west side between CSU and the foothills, and the older buildings around Old Town. A detached house under $400,000 is a manufactured home in a park or a rare fixer.
Midtown or the west side: 800 to 1,000 square feet, 1970s or 1980s, a carport, a pool in the complex, dues that include water and trash.
Rolland Moore, Midtown or the CSU west side: about 1,050 square feet, two baths, a one-car garage on the 1990s ones. The median affordable Fort Collins home sits here.
Fossil Creek or south Midtown: 2000s construction, 1,200 to 1,400 square feet, three bedrooms, an attached two-car garage, a metro district on some.
A Fort Collins condo payment is the loan plus the dues plus Larimer County taxes, and the dues are the line that moves: $250 in a 1990s townhome, $450 in a 1970s complex with a pool and water included. Compare what the HOA covers before you compare prices.
| Line | $250,000 condo, $371 HOA | $320,000 condo, $371 HOA | $400,000 townhome, $250 HOA |
|---|---|---|---|
| Principal and interest | $1,605 | $2,054 | $2,568 |
| HOA or metro district | $371 | $371 | $250 |
| Property taxes | $115 | $147 | $183 |
| FHA mortgage insurance | $111 | $142 | $177 |
| Homeowners insurance | $83 | $107 | $133 |
| Total | $2,285 | $2,821 | $3,311 |
| Income needed at 30 percent | $91,000 | $113,000 | $132,000 |
Fossil Creek townhomes with a metro district add $100 to $200 a month on the tax line beyond what the table shows; the city pages flag which complexes carry one. Run your own numbers on can I afford a home now.
620 score, income under $178,920, $1,000 of your own money, a homebuyer class. Statewide, repeat buyers welcome. The catch: the rate is about a quarter point higher than a plain FHA loan, and the second mortgage is repaid when you sell or refinance. The CHFA page.
A zero-interest deferred loan toward down payment and closing costs for buyers under 80 percent of area median income purchasing inside the city, stackable with CHFA. The catch: the income band is tight for two earners, the home must stay your primary residence, and the loan is repaid when you sell.
The county's deferred second mortgage for the same income band, usable in Fort Collins, Loveland and the county. The catch: one program or the other on a given file, not both, and a homebuyer class.
Deed-restricted condos and townhomes sold under market to income-qualified buyers, including Elevation Community Land Trust homes where you own the house and lease the land. The catch: a capped resale price and a waiting list.
CHFA, the city loan and FHA all require the condo project to be on the FHA approved list or to pass a single-unit approval. The catch: a complex over 50 percent rented, common near CSU, fails it; conventional 3 percent down still works there.
A 3 percent option fee ($9,600 on $320,000) plus a rent premium, no title until the end. The catch: most tenants never exercise the option. Fort Collins rent-to-own homes.
Two bedrooms is the Fort Collins affordable home. Three bedrooms under $400,000 means a Fossil Creek or south Midtown townhome, about 43 of them this week, and a detached three-bedroom under $400,000 inside the city is a manufactured home in a park. The bedroom-count pages: 1-bedroom, 2-bedroom, 3-bedroom, 4-bedroom Fort Collins homes.
Midtown and Foothills (80525) for the most two-bedroom condos under $300,000, the west side by Rolland Moore (80526) and the CSU west side (80521) next. Those three ZIPs hold three quarters of Fort Collins' 168 homes under $400,000. All of them are on affordable homes for sale in Fort Collins.
Not a detached one, as a rule: 168 homes are under $400,000 this week and 92 percent carry an HOA, which means condos and townhomes. The detached exceptions are manufactured homes in parks on North College and the occasional fixer north of the river. For a house with a yard at this price, look at Loveland, Greeley or Evans.
About $2,821 a month with an FHA loan at 7 percent and 3.5 percent down, including the $371 HOA, Larimer taxes, insurance and mortgage insurance; a lender approves that at about $113,000 a year of income.
A zero-interest deferred loan from the city toward down payment and closing costs for households under 80 percent of area median income buying inside Fort Collins. It stacks on top of CHFA or a plain FHA loan and is repaid when you sell or refinance. The Larimer Home Ownership Program is the county version with the same income band.
For a condo, yes: 65 homes are listed under $300,000 this week, nearly all one- and two-bedroom condos of 800 to 1,000 square feet in Midtown and the west side with dues of $250 to $450. Townhomes with a garage start in the low $300,000s.
Because every assistance program (CHFA, the city loan, the county loan) rides on an FHA or conventional first mortgage, and FHA will not lend in a condo project that is off its approved list or more than half rented. Near CSU that rules out a third of the complexes for FHA buyers; a conventional loan with 3 percent down still works in them, without the grant.
Only when no loan works today. A lease-option on a $320,000 townhome takes about $9,600 up front plus a rent premium with no title until the end; CHFA or the city loan puts a 620-score buyer on title now for about $1,000. Fort Collins rent-to-own homes.
Every Fort Collins home under $400,000, updated daily · Affordable homes across Colorado · The Denver affordable homes guide · $1,000 cash to close · CHFA assistance · Fort Collins starter homes · Fort Collins condos · Fort Collins townhomes · Fort Collins HUD homes · Fort Collins rent-to-own · Credit care · All Fort Collins homes. Nearby: Loveland, Greeley, Evans, Longmont.
Text FORT COLLINS and your top price to 303-955-4220. A live person answers, sets up the search with the HOA on every tile, and runs the CHFA numbers the same day. Showings seven days a week.
Call or text 303-955-4220 See Fort Collins affordable homes on the map