The 2018 Conforming Loan Limits for Colorado were announced and are going up significantly to $453,100 nationwide!
The 2017 limit was only $424,100 and was $417,000 for several years before that. This is yet another indication that home values are increasing in Colorado and nationwide in the hot real estate market we have seen nationwide
Denver Mortgage Lender RJ Baxter of Fairway Independent Mortgage Corp shares information about the 2018 Fannie Mae Loan Limits and 2018 Freddie Mac Loan Limits for the Denver area in this short video. This increase is important in Colorado because it will allow many more home buyers to qualify under conventional guidelines as opposed to jumbo guidelines, which can be much more difficult to qualify for. A jumbo loan is any loan over the conforming loan limit in the county the property is located in.
Denver area conforming loan limits have gone up to $529,000 in many counties. Other high cost counties in Colorado are listed below.
Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, Park: $529,000
Boulder County: $578,450
Lake, Routt, San Miguel, Summit: $625,500
Garfield, Pitkin: $679,650
All other counties: $453,100
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