In this blog, we will cover and discuss Colorado mortgage loan limits on FHA and Conventional Loans. Just like the rest of the nation, Colorado has experienced loan limit increases for the calendar year of 2022. After review, FHFA has raised the conforming loan limits across the Nation due to skyrocketing home prices.

The FHFA Increase Colorado Mortgage Loan Limits on Conforming Loans Limit Due to Increasing Home Prices

2022 conforming loan limit in standard areas with national median average home prices is now at $647,200. After reviewing the previous four quarters of Real Estate transactions across the nation, the Federal Housing Finance Agency (FHFA) has recognized a trend of increased home prices. FHFA adjusted the conforming loan limit accordingly. In this blog, we will discuss high balance areas throughout the state of Colorado and their FHA and conventional loan limits. After speaking to a few realtors in the Denver metropolitan area, it looks like housing prices are starting to taper off throughout the area. Opening up a great opportunity to buy a home.

Colorado Mortgage Loan Limits On Conventional Loans

As stated above there was an overall increase on average of 8.9% across the board. Please see the chart below for the majority of counties throughout Colorado and the United States.

New Updated Colorado Mortgage Loan Limits

Below are conforming Colorado Mortgage Loan Limits

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

Colorado Mortgage Loan Limits in Higher Cost Housing Areas

As you can see, you can now purchase a higher-priced home before entering into the jumbo mortgage programs. As you may know, jumbo mortgages can be incredibly difficult to qualify for in today’s mortgage lending climate. So, this increase is a good thing for clients looking to purchase a new home. At Gustan Cho Associates, we do not have any lender overlays on conventional mortgages. The Team at Gustan Cho Associates is able to help more families than most mortgage companies.

High-Balance Loans in High-Cost Areas Colorado Mortgage Loan Limits

Many of you reading this blog in Colorado will live in a “high-balance” county. This means the loan limits are even HIGHER for Conventional Loans. Below is a list of those counties in alphabetical order:

ADAMS

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

ALAMOSA

• 1-Unit Property- $647,200
• 2-Unit Properties-$828,700
• 3-Unit Properties-$1,001,650
• 4-Unit Properties-$1,244,850

ARAPAHOE

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

ARCHULETA

• 1-Unit Property- $647,200
• 2-Unit Properties-$828,700
• 3-Unit Properties-$1,001,650
• 4-Unit Properties-$1,244,850

BACA

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

BENT

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

BOULDER

• 1-Unit Property – $747,500
• 2-Unit Properties – $956,950
• 3-Unit Properties – $1,156,700
• 4-Unit Properties – $1,437,500

BROOMFIELD

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

CHAFFEE

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

CHEYENNE

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

CLEAR CREEK

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

CONEJOS

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

COSTILLA

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

CROWLEY

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

CUSTER

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

DELTA

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

DENVER

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

DOLORES

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

DOUGLAS

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

EAGLE

• 1-Unit Property – $862,500
• 2-Unit Properties – $1,104,150
• 3-Unit Properties – $1,344,700
• 4-Unit Properties – $1,658,700

ELBERT

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

EL PASO

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

FREEMONT

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

GARFIELD

• 1-Unit Property – $856,750
• 2-Unit Properties – $1,096,800
• 3-Unit Properties – $1,325,800
• 4-Unit Properties – $1,647,650

GILPIN

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

GRAND

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

GUNNISON

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

HINSDALE

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

HUERFANO

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

JACKSON

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

JEFFERSON

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

KIOWA

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

KIT CARSON

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

LAKE

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

LA PLATA

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

LARIMER

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

LAS ANIMAS

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

LINCOLN

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

LOGAN

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

MESA

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

MINERAL

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

MOFFAT

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

MONTEZUMA

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

MONTROSE

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

OTERO

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

OURAY

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

PARK

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

PHILIPS

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

PROWERS

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

PITKIN

• 1-Unit Property – $856,750
• 2-Unit Properties – $1,096,800
• 3-Unit Properties – $1,325,800
• 4-Unit Properties – $1,647,650

PUEBLO

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

RIO BLANCO

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

ROUTT

• 1-Unit Property – $678,500
• 2-Unit Properties – $868,600
• 3-Unit Properties – $1,049,950
• 4-Unit Properties – $1,304,850

SAGUACHI

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

SAN MIGUEL

• 1-Unit Property – $756,700
• 2-Unit Properties – $968,700
• 3-Unit Properties $1,170,950
• 4-Unit Properties $1,455,200

SEDGWICK

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

SUMMIT

• 1-Unit Property – $822,375
• 2-Unit Properties – $1,053,000
• 3-Unit Properties – $1,272,750
• 4-Unit Properties – $1,581,750

TELLER

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

WASHINGTON

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

WELD

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

YUMA

• 1-Unit Property – $647,200
• 2-Unit Properties – $828,700
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,244,850

Colorado Loan Limits On VA Mortgages

VA loans no longer have a maximum loan limit on VA loans. VA used to mirror the Conventional loan limits above before a down payment is required until the VA got rid of the maximum loan limits. For this Veteran to use a VA loan to buy this home for $950,000 in DENVER County, NO down payment will be needed. NOT BAD for a $950,000 home!

Colorado Mortgage Loan Limits on FHA Loans

FHA Loan Limits in Colorado:

For most counties across the country including Colorado, the FHA loan limit is now $420,680 for the calendar of 2022 on single-family homes. FHA high-balance loan limits in high-balance counties are $970,800 in high-balance areas on single-family homes. Colorado has 64 counties. There are a few counties, such as Eagle County where the FHA loan limit is actually higher than the conventional loan limit. Please see the numbers below for your specific high balance County. Remember we do not have any lender overlays and are experts in FHA Manual Underwriting.

ADAMS

• 1-Unit Property – $$684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,860
• 4-Unit Properties – $1,315,900

ALAMOSA

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

ARAPAHOE

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

ARCHULETA

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

BACA

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

BENT

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

BOULDER

• 1-Unit Property – $747,500
• 2-Unit Properties – $956,950
• 3-Unit Properties – $1,156,700
• 4-Unit Properties – $1,437,500

BROOMFIELD

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

CHAFFEE

• 1-Unit Property – $461,150
• 2-Unit Properties – $590,350
• 3-Unit Properties $713,600
• 4-Unit Properties $886,850

CHEYENNE

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

CLEAR CREEK

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

CONEJOS

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

COSTILLA

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

CROWLEY

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

CUSTER

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

DELTA

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

DENVER

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

DOLORES

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

DOUGLAS

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

EAGLE

• 1-Unit Property – $862,500
• 2-Unit Properties – $1,104,150
• 3-Unit Properties – $1,344,700
• 4-Unit Properties – $1,658,700

ELBERT

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

EL PASO

• 1-Unit Property- $460,000
• 2-Unit Properties-$588,850
• 3-Unit Properties-$711,800
• 4-Unit Properties-$884,600

FREEMONT

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

GARFIELD

• 1-Unit Property – $970,800
• 2-Unit Properties – $1,243,050
• 3-Unit Properties – $1,502,475
• 4-Unit Properties – $1,867,250

GILPIN

• 1-Unit Property – $684,250
• 2-Unit Properties – $975,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

GRAND

• 1-Unit Property – $534,750
• 2-Unit Properties – $684,550
• 3-Unit Properties $1,001,650
• 4-Unit Properties $1,028,350

GUNNISON

• 1-Unit Property – $431,250
• 2-Unit Properties – $552,050
• 3-Unit Properties $667,350
• 4-Unit Properties $829,350

HINSDALE

• 1-Unit Property- $427,800
• 2-Unit Properties-$547,650
• 3-Unit Properties-$662,000
• 4-Unit Properties-$822,700

HUERFANO

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

JACKSON

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

JEFFERSON

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

KIOWA

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

KIT CARSON

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

LAKE

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

LA PLATA

• 1-Unit Property – $494,500
• 2-Unit Properties – $633,050
• 3-Unit Properties $765,200
• 4-Unit Properties $950,950

LARIMER

• 1-Unit Property – $522,100
• 2-Unit Properties – $668,400
• 3-Unit Properties $807,900
• 4-Unit Properties $1,004,050

LAS ANIMAS

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

LINCOLN

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

LOGAN

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

MESA

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

MINERAL

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

MOFFAT

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

MONTEZUMA

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

MONTROSE

• 1-Unit Property- $425,500
• 2-Unit Properties-$544,700
• 3-Unit Properties-$658,450
• 4-Unit Properties-$818,250

OTERO

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

OURAY

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

PARK

• 1-Unit Property – $684,250
• 2-Unit Properties – $875,950
• 3-Unit Properties – $1,058,850
• 4-Unit Properties – $1,315,900

PHILIPS

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

PROWERS

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

PITKIN

• 1-Unit Property – $970,800
• 2-Unit Properties – $1,234,050
• 3-Unit Properties – $1,502,475
• 4-Unit Properties – $1,867,275

PUEBLO

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

RIO BLANCO

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

ROUTT

• 1-Unit Property – $678,500
• 2-Unit Properties – $868,600
• 3-Unit Properties – $1,049,950
• 4-Unit Properties – $1,304,850

SAGUACHI

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

SAN MIGUEL

• 1-Unit Property – $970,800
• 2-Unit Properties – $1,243,050
• 3-Unit Properties $1,502,475
• 4-Unit Properties $1,867,250

SEDGWICK

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

SUMMIT

• 1-Unit Property – $925,750
• 2-Unit Properties – $1,185,150
• 3-Unit Properties – $1,432,550
• 4-Unit Properties – $1,780,300

TELLER

• 1-Unit Property- $460,000
• 2-Unit Properties-$588,850
• 3-Unit Properties-$711,800
• 4-Unit Properties-$884,600

WASHINGTON

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

WELD

• 1-Unit Property- $483,000
• 2-Unit Properties-$618,300
• 3-Unit Properties-$747,400
• 4-Unit Properties-$928,850

YUMA

• 1-Unit Property- $420,680
• 2-Unit Properties-$538,650
• 3-Unit Properties-$651,050
• 4-Unit Properties-$809,150

These increases will help many Colorado Borrowers not enter into the jumbo mortgage realm. Qualifications are much more lacking for conventional and FHA financing compared to jumbo financing. We are experts in all mortgage guidelines that are available 7 days a week to take your questions.  For expert mortgage advice throughout the state of Colorado, please contact Mike Gracz at Gustan Cho Associates at  (800) 900-8569.  You can call or text that number or send an email to Mike directly at gcho@gustancho.com. Gustan Cho Associates is a mortgage company licensed in 48 states with no overlays on government and conventional loans. We also offer non-QM and bank statement loans for self-employed borrowers.