Higher Loan Limits for 2015

Mortgage and Lending with The Mortgage Experts at America's Mortgage, a Division of Cherry Creek Mortgage Co. NMLS #241555

Fannie Mae and Freddie Mac have announced that the maximum loan amounts in 46 counties across the country are being increased for 2015.  Eleven of those counties are in Colorado, and include all of the Metro-Denver counties.


What does this mean?  First, it means what many people have long suspected: housing prices in the Denver area are going up. It also means that you can now get a loan for more than $417,000, and it doesn't have to be a jumbo loan.


Here are the Colorado counties that went up, and the new maximum loan amounts:


For Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park Counties, the new limit is $424,350.  The new limit for Boulder County is $456,550.


Any loan for more than these limits is considered a jumbo loan, and has tougher underwriting guidelines, higher credit score requirements, and higher down payment requirements.


Did you know that we don't have any underwriting overlays on the loans we sell?  That means we have no additional underwriting guidelines like most lenders have.  Pretty nice!


Have questions about anything related to a mortgage?  Give us a call and see why they call us The Mortgage Experts.  


Getting a loan approved is easy - if you know what to do.  The Mortgage Experts know what to do!!! Call us if you want to use the best lenders in Colorado!  


Make sure you check out our web site:



And check out all our great tips on our blog at: 



By the way, don't forget to refinance your current mortgage.  Rates are very, very low right now.  Don't miss out!  Call us today to get the details for your particular situation.


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David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Hey Chris I just got news of this and posted something similar myself. Its nice to finally see some movement in that 417k limit we have had for over a decade!

Happy Thanksgiving

Nov 25, 2014 03:41 AM #1
Chris Thomas
The Mortgage Experts at America's Mortgage, a Division of Cherry Creek Mortgage Co. - Denver, CO


Nov 25, 2014 03:45 AM #2
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

One of these days, Fannie/Freddie will catch up with real estate values in different areas. 

Or should I say, WILL THEY???

Dec 04, 2014 08:18 PM #3
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Your post has generated a reminder to myself to check out changes in my area.

Dec 04, 2014 08:22 PM #4
Women of Westchester Working Together
Women of Westchester Working Together - West Harrison, NY
Women helping Women get ahead

That is good news. I'll have to see if our county is there, too.  The average house price here is $650,000...and median is higher.

Dec 04, 2014 08:44 PM #5
Rob Spinosa
Guaranteed Rate, Marin County, CA - San Anselmo, CA
Vice President of Mortgage Lending, Marin County

This is good news.  We rely heavily on our jumbo-conforming limits here in CA.  In most of the San Francisco Bay Area, our jumbo-conforming limit is $625,500, and even at that level it is often inadequate for borrowers' needs.

Dec 04, 2014 10:14 PM #6
Ranee Bray
TCP Real Estate - Cedar Park, TX
North of Austin Homes

Great news, I'll need to check out Austin metro.

No overlays are good news!

Dec 04, 2014 10:19 PM #7
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

Interesting to read this.  I love learning about these positive changes in lending v. the negative. 

Dec 05, 2014 01:00 AM #8
Kevin Mackessy
Blue Olive Properties, LLC - Highlands Ranch, CO
Dedicated. Qualified. Local.

That appears to give buyers a little more leeway by bumping up that maximum amount. 

Dec 05, 2014 01:24 AM #9
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Chris Thomas - usually, our loan limits are higher, however, I'll check with my lender to confirm the new numbers.

Dec 05, 2014 01:17 PM #10
Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

Very interesting...I wonder if the VA will follow suit?  Best of GREAT to you sir always!

Dec 05, 2014 05:09 PM #11
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Hopefully this will help a bunch of additional people afford a home that they otherwise could not buy

Dec 06, 2014 02:23 AM #12
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Great news.  Where can I find out how this would apply to New Hampshire?

Dec 06, 2014 10:53 AM #13
Chris Thomas
The Mortgage Experts at America's Mortgage, a Division of Cherry Creek Mortgage Co. - Denver, CO


Here is the link (also works for FHA loan limits).  Make sure you have the correct year chosen.




Dec 07, 2014 11:37 PM #14
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