FHA mortgage limits are going up in 2015 for the Metro-Denver counties. Here are the new loan limits:
Adams, Arapahoe, Broomfield, Denver, Douglas, and Jefferson Counties are going up to $424,350.
Boulder County is going up to $456,550.
That means you can get an FHA loan up to those amounts for a single family house. 2-4 unit houses have higher limits.
To see the new loan limits for FHA loans and conventional loans, go to this link:
Make sure you enter the correct state, the correct "limit type", and the correct year when you do a search. Here's what the "limit types" mean:
- FHA Forward = regular FHA loan
- HECM = Home Equity Conversion Mortgage (a reverse mortgage)
- Fannie/Freddie = conventional loan
Did you know that we do NOT charge an origination fee or an underwriting fee? Our only lender fee is a $500 processing fee.
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!
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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.