Colorado Conventional loan limits 2023

New 2022 Colorado conforming loan limit $715,000

The increased 2022 conforming loan limits to $715,000 is for mortgage brokers and not most Retail lenders. We are now offering 2023 county loan limits up to $715,000 on all conventional loans In Colorado. effective as of 9/07/2022 We expect the Federal housing officials to be announcing the official change later this year and it’s likely that FHFA’s 2023 conforming loan limit will be higher than $715,000.

We are once again getting a head start on closing loans by taking advantage of lenders raising the conforming loan limits, which could help homebuyers get better rates and make smaller down payments when taking out loans of up to $715,000 in most parts of the country and upwards of $1 million in many high-cost markets.

 

Currently, for 2022 county loan limits with a conforming loan limit of $647,200 for a single-family home, and now will be raised to $715,000. There is speculation that the 2023 conforming loan limit will be close to $760,000, based on year-over-year house price growth through the first quarter of the year.

With home prices going up there have been a lot of people who were hitting those conforming loan limits very early, and probably in counties and states where you wouldn’t think home buyers would need a jumbo loan!

Conforming and High Balance limits 2022:

– Boulder county: $747,500
– Denver metro counties: $684,250
– El Paso county: $715,000
– Larimer county: $715,000

– Weld county: $715,000
– Eagle county: $822,375
– Pitkin county: $856,750
– Summit county: $822,375
– San Miguel county: $756,700

The nation’s housing market continues to be strong and with the increase in the Fannie Mae, Freddie Mac, and FHA loan limit: the maximum conforming loan limit will be higher in 2,936 counties. Only 71 did not have an increase.

One of the reasons these new limits are important is that they will allow some borrowers to avoid jumbo loan rate pricing – this allows first-time buyers to put down a minimum of 3% on purchase prices up to $715,000 in the Denver metro and $715,000 in counties that only allowed a maximum loan of 647,250 in 2022.

High balance loan limits are also going up. In Colorado, the following counties will have increases: Boulder County ($747,500) and Adams, Arapaho, Broomfield, Denver, Douglas, and Jefferson counties ($684,250).

What this means for home buyers who can put down 5 percent or more they can also get around the need for jumbo loan pricing. In Boulder, this helps borrowers purchase or refinance a home for sale at $770,618 or $879,000 with 15 percent down; in the other counties with high balance limits of $684,250 it enables them to purchase a home at roughly $705,000 and $805,000 with 85 LTV financing.

Conforming Loan Limits 2023 for All Counties

The Conforming loan limits for 2023 have not been released, in anticipation of this change, effective as of 9/07/2022 we are now offering conventional loan limits up to $715,000 on all conventional loans. Because conforming loan limits are set using a formula mandated by federal law, lenders can anticipate what the FHFA will announce later this year as the numbers for 2023.

 

County 1 Unit 2 Units 3 Units 4 Units
ADAMS COUNTY $684,250 $875,950 $1,058,850 $1,315,900
ALAMOSA COUNTY $647,200 $828,700 $1,001,650 $1,244,850
ARAPAHOE COUNTY $684,250 $875,950 $1,058,850 $1,315,900
ARCHULETA COUNTY $647,200 $828,700 $1,001,650 $1,244,850
BACA COUNTY $647,200 $828,700 $1,001,650 $1,244,850
BENT COUNTY $647,200 $828,700 $1,001,650 $1,244,850
BOULDER COUNTY $747,500 $956,950 $1,156,700 $1,437,500
BROOMFIELD COUNTY $684,250 $875,950 $1,058,850 $1,315,900
CHAFFEE COUNTY $647,200 $828,700 $1,001,650 $1,244,850
CHEYENNE COUNTY $647,200 $828,700 $1,001,650 $1,244,850
CLEAR CREEK COUNTY $684,250 $875,950 $1,058,850 $1,315,900
CONEJOS COUNTY $647,200 $828,700 $1,001,650 $1,244,850
COSTILLA COUNTY $647,200 $828,700 $1,001,650 $1,244,850
CROWLEY COUNTY $647,200 $828,700 $1,001,650 $1,244,850
CUSTER COUNTY $647,200 $828,700 $1,001,650 $1,244,850
DELTA COUNTY $647,200 $828,700 $1,001,650 $1,244,850
DENVER COUNTY $684,250 $875,950 $1,058,850 $1,315,900
DOLORES COUNTY $647,200 $828,700 $1,001,650 $1,244,850
DOUGLAS COUNTY $684,250 $875,950 $1,058,850 $1,315,900
EAGLE COUNTY $862,500 $1,104,150 $1,334,700 $1,658,700
ELBERT COUNTY $684,250 $875,950 $1,058,850 $1,315,900
EL PASO COUNTY $647,200 $828,700 $1,001,650 $1,244,850
FREMONT COUNTY $647,200 $828,700 $1,001,650 $1,244,850
GARFIELD COUNTY $856,750 $1,096,800 $1,325,800 $1,647,650
GILPIN COUNTY $684,250 $875,950 $1,058,850 $1,315,900
GRAND COUNTY $647,200 $828,700 $1,001,650 $1,244,850
GUNNISON COUNTY $647,200 $828,700 $1,001,650 $1,244,850
HINSDALE COUNTY $647,200 $828,700 $1,001,650 $1,244,850
HUERFANO COUNTY $647,200 $828,700 $1,001,650 $1,244,850
JACKSON COUNTY $647,200 $828,700 $1,001,650 $1,244,850
JEFFERSON COUNTY $684,250 $875,950 $1,058,850 $1,315,900
KIOWA COUNTY $647,200 $828,700 $1,001,650 $1,244,850
KIT CARSON COUNTY $647,200 $828,700 $1,001,650 $1,244,850
LAKE COUNTY $647,200 $828,700 $1,001,650 $1,244,850
LA PLATA COUNTY $647,200 $828,700 $1,001,650 $1,244,850
LARIMER COUNTY $647,200 $828,700 $1,001,650 $1,244,850
LAS ANIMAS COUNTY $647,200 $828,700 $1,001,650 $1,244,850
LINCOLN COUNTY $647,200 $828,700 $1,001,650 $1,244,850
LOGAN COUNTY $647,200 $828,700 $1,001,650 $1,244,850
MESA COUNTY $647,200 $828,700 $1,001,650 $1,244,850
MINERAL COUNTY $647,200 $828,700 $1,001,650 $1,244,850
MOFFAT COUNTY $647,200 $828,700 $1,001,650 $1,244,850
MONTEZUMA COUNTY $647,200 $828,700 $1,001,650 $1,244,850
MONTROSE COUNTY $647,200 $828,700 $1,001,650 $1,244,850
MORGAN COUNTY $647,200 $828,700 $1,001,650 $1,244,850
OTERO COUNTY $647,200 $828,700 $1,001,650 $1,244,850
OURAY COUNTY $647,200 $828,700 $1,001,650 $1,244,850
PARK COUNTY $684,250 $875,950 $1,058,850 $1,315,900
PHILLIPS COUNTY $647,200 $828,700 $1,001,650 $1,244,850
PITKIN COUNTY $856,750 $1,096,800 $1,325,800 $1,647,650
PROWERS COUNTY $647,200 $828,700 $1,001,650 $1,244,850
PUEBLO COUNTY $647,200 $828,700 $1,001,650 $1,244,850
RIO BLANCO COUNTY $647,200 $828,700 $1,001,650 $1,244,850
RIO GRANDE COUNTY $647,200 $828,700 $1,001,650 $1,244,850
ROUTT COUNTY $678,500 $868,600 $1,049,950 $1,304,850
SAGUACHE COUNTY $647,200 $828,700 $1,001,650 $1,244,850
SAN JUAN COUNTY $647,200 $828,700 $1,001,650 $1,244,850
SAN MIGUEL COUNTY $756,700 $968,700 $1,170,950 $1,455,200
SEDGWICK COUNTY $647,200 $828,700 $1,001,650 $1,244,850
SUMMIT COUNTY $822,375 $1,053,000 $1,272,750 $1,581,750
TELLER COUNTY $647,200 $828,700 $1,001,650 $1,244,850
WASHINGTON COUNTY $647,200 $828,700 $1,001,650 $1,244,850
WELD COUNTY $647,200 $828,700 $1,001,650 $1,244,850
YUMA COUNTY $647,200 $828,700 $1,001,650 $1,244,850

5% Down Jumbo Loans up to $1,000,000 Loan Amount

10% Down & 90% Loan to Value Jumbo Financing available up to $2,000,000

We know the Jumbo Mortgage Business call us at (800) 945-1734

CLICK HERE” to See Today’s Mortgage Rates.

Comparing Current Colorado Jumbo Loan Rates

Finding the lowest Colorado jumbo loan rates is very important, that’s why we’ve already searched them for you, getting the lowest rate possible could save you hundreds of dollars a year and thousands of dollars over the life of your loan. Yes, having us find you the best mortgage rates is a big deal.

Current Colorado Jumbo Loan Rates

When you “CLICK HERE” you’ll instantly see today’s lowest Colorado jumbo loan rates. If you see an interest rate you like, you can click to head straight to get your Custom Rate Quote.

Google Reviews

Expert advice at your fingertips

Our home loan experts are available 7 days a week to answer all your home loan questions. We don’t keep banker’s hours…. we understand that you have busy schedules, that’s why we’re available nights and weekends.

Eddie Hoskins Founder & CEO

Providing our customers with the lowest rates, personalized service, and loan options that you don’t get from big box lenders or banks. That’s he built E Zip Mortgage.

Why should you choose us for your home loan?

We work for you & not the bank, we offer wholesale mortgage rates which are lower than retail rates not to mention, we offer a wide variety of loan options so you’re not stuck with one set of restrictive underwriting guidelines.

Credit scores a little low?

We have a credit score analyzing tool that can provide us with options to improve your credit scores quickly through a rapid credit rescore that usually takes 48 hours.

“We Think Outside The Box”

Our “Outside The Box Thinking”  gets home loans approved and closed every day! From Bank statements as Income loans to 50% debt to income ratio approvals, we do them all.

We’ve streamlined the mortgage process, close in 30 days or less.

From application to closing, all from the palm of your hand.

Back To Top
Translate »