2018 Conforming Loan Limits for Colorado
The 2018 Conforming Loan Limits for Colorado were announced and are going up significantly to $453,100 nationwide and in some counties in Colorado!
The limit in 2017 was only $424,100 and was $417,000 for several years before that. This is another indicator that home values are increasing in our hot real estate market in Colorado and nationwide.
RJ Baxter of Fairway Independent Mortgage Corp, a Denver Mortgage Lender, shares his thoughts about the 2018 Fannie Mae Loan Limits and 2018 Freddie Mac Loan Limits for the Denver Metro area in this short video. The increase is especially important in Colorado because it will allow more home buyers to qualify under conventional guidelines as opposed to jumbo guidelines. Jumbo loans 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 conforming loan limits have gone up to $529,000 in many counties. Other high cost counties in Colorado are also listed below.
Colorado County Loan Limits for 2018:
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
To get pre-approved or if you have any questions, just give us a call!
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