New FHA Loan Limits for 2023

FHA County Loan Limits Updated for 2023

Here are the Updated Loan Limits for FHA in Colorado for 2023. This is Listed in Alphabetical order by County:

County Name County State One-Family Two-Family Three-Family Four-Family Median Sale Price Last Revised
ADAMS 1 CO $787,750 $1,008,450 $1,219,000 $1,514,950 $685,000 1/1/2023
ALAMOSA 3 CO $472,030 $604,400 $730,525 $907,900 $220,000 1/1/2023
ARAPAHOE 5 CO $787,750 $1,008,450 $1,219,000 $1,514,950 $685,000 1/1/2023
ARCHULETA 7 CO $472,030 $604,400 $730,525 $907,900 $225,000 1/1/2023
BACA 9 CO $472,030 $604,400 $730,525 $907,900 $70,000 1/1/2023
BENT 11 CO $472,030 $604,400 $730,525 $907,900 $103,000 1/1/2023
BOULDER 13 CO $856,750 $1,096,800 $1,325,800 $1,647,650 $745,000 1/1/2023
BROOMFIELD 14 CO $787,750 $1,008,450 $1,219,000 $1,514,950 $685,000 1/1/2023
CHAFFEE 15 CO $600,300 $768,500 $928,950 $1,154,450 $522,000 1/1/2023
CHEYENNE 17 CO $472,030 $604,400 $730,525 $907,900 $97,000 1/1/2023
CLEAR CREEK 19 CO $787,750 $1,008,450 $1,219,000 $1,514,950 $685,000 1/1/2023
CONEJOS 21 CO $472,030 $604,400 $730,525 $907,900 $125,000 1/1/2023
COSTILLA 23 CO $472,030 $604,400 $730,525 $907,900 $82,000 1/1/2023
CROWLEY 25 CO $472,030 $604,400 $730,525 $907,900 $68,000 1/1/2023
CUSTER 27 CO $472,030 $604,400 $730,525 $907,900 $250,000 1/1/2023
DELTA 29 CO $472,030 $604,400 $730,525 $907,900 $285,000 1/1/2023
DENVER 31 CO $787,750 $1,008,450 $1,219,000 $1,514,950 $685,000 1/1/2023
DOLORES 33 CO $472,030 $604,400 $730,525 $907,900 $200,000 1/1/2023
DOUGLAS 35 CO $787,750 $1,008,450 $1,219,000 $1,514,950 $685,000 1/1/2023
EAGLE 37 CO $1,075,250 $1,376,550 $1,663,900 $2,067,850 $935,000 1/1/2023
EL PASO 41 CO $517,500 $662,500 $800,800 $995,200 $450,000 1/1/2023
ELBERT 39 CO $787,750 $1,008,450 $1,219,000 $1,514,950 $685,000 1/1/2023
FREMONT 43 CO $472,030 $604,400 $730,525 $907,900 $286,000 1/1/2023
GARFIELD 45 CO $1,089,300 $1,394,775 $1,685,850 $2,095,200 $825,000 1/1/2023
GILPIN 47 CO $787,750 $1,008,450 $1,219,000 $1,514,950 $685,000 1/1/2023
GRAND 49 CO $669,300 $856,800 $1,035,700 $1,287,150 $582,000 1/1/2023
GUNNISON 51 CO $519,800 $665,450 $804,350 $999,600 $452,000 1/1/2023
HINSDALE 53 CO $472,030 $604,400 $730,525 $907,900 $331,000 1/1/2023
HUERFANO 55 CO $472,030 $604,400 $730,525 $907,900 $165,000 1/1/2023
JACKSON 57 CO $472,030 $604,400 $730,525 $907,900 $203,000 1/1/2023
JEFFERSON 59 CO $787,750 $1,008,450 $1,219,000 $1,514,950 $685,000 1/1/2023
KIOWA 61 CO $472,030 $604,400 $730,525 $907,900 $104,000 1/1/2023
KIT CARSON 63 CO $472,030 $604,400 $730,525 $907,900 $193,000 1/1/2023
LA PLATA 67 CO $596,850 $764,050 $923,600 $1,147,800 $519,000 1/1/2023
LAKE 65 CO $472,030 $604,400 $730,525 $907,900 $355,000 1/1/2023
LARIMER 69 CO $614,100 $786,150 $950,300 $1,181,000 $534,000 1/1/2023
LAS ANIMAS 71 CO $472,030 $604,400 $730,525 $907,900 $179,000 1/1/2023
LINCOLN 73 CO $472,030 $604,400 $730,525 $907,900 $165,000 1/1/2023
LOGAN 75 CO $472,030 $604,400 $730,525 $907,900 $197,000 1/1/2023
MESA 77 CO $472,030 $604,400 $730,525 $907,900 $355,000 1/1/2023
MINERAL 79 CO $472,030 $604,400 $730,525 $907,900 $224,000 1/1/2023
MOFFAT 81 CO $472,030 $604,400 $730,525 $907,900 $225,000 1/1/2023
MONTEZUMA 83 CO $472,030 $604,400 $730,525 $907,900 $285,000 1/1/2023
MONTROSE 85 CO $472,030 $604,400 $730,525 $907,900 $400,000 1/1/2023
MORGAN 87 CO $472,030 $604,400 $730,525 $907,900 $305,000 1/1/2023
OTERO 89 CO $472,030 $604,400 $730,525 $907,900 $145,000 1/1/2023
OURAY 91 CO $472,030 $604,400 $730,525 $907,900 $400,000 1/1/2023
PARK 93 CO $787,750 $1,008,450 $1,219,000 $1,514,950 $685,000 1/1/2023
PHILLIPS 95 CO $472,030 $604,400 $730,525 $907,900 $180,000 1/1/2023
PITKIN 97 CO $1,089,300 $1,394,775 $1,685,850 $2,095,200 $825,000 1/1/2023

FHA Loan Limits 2016

Loan Limits in the State of Colorado What is a Loan limit? Loan limits have a definition very closely related to their name. A loan limit is the maximum allowable loan size for a mortgage. Loans for amounts above loan limits cannot be approved. Mortgage loan limits can vary by product and by ZIP code. An example would be the particular loan limits set for FHA Loans that differ from Fannie Mae or Freddie Mac.  A VA which is managed by the Department of Veteran Affairs also has a different set of specific limits.  For 2016, the limit for all counties is $417,000 for single-unit homes.  This is the set default mortgage loan limit nationwide. The Federal Housing Administration released its maximum mortgage limits for 2016 on Wednesday December 9th 2015.  Limits will increase in 188 counties due to the changes in home prices, and no counties will have decreasing loan limits. Below are are the Colorado limits for 2016 and the previous years limits:
  • Adams County, Colorado 2016 Loan Limit: $458,850 (2015: $424,350)
  • Arapahoe County, Colorado 2016 Loan Limit: $458,850 (2015: $424,350)
  • Boulder County, Colorado 2016 Loan Limit: $474,950 (2015: $456,550)
  • Broomfield County, Colorado 2016 Loan Limit: $458,850 (2015: $424,350)
  • Clear Creek County, Colorado 2016 Loan Limit: $458,850 (2015: $424,350)
  • Denver County, Colorado 2016 Loan Limit: $458,850 (2015: $424,350)
  • Douglas County, Colorado 2016 Loan Limit: $458,850 (2015: $424,350)
  • Elbert County, Colorado 2016 Loan Limit: $458,850 (2015: $424,350)
  • Gilpin County, Colorado 2016 Loan Limit: $458,850 (2015: $424,350)
  • Jefferson County, Colorado 2016 Loan Limit: $458,850 (2015: $424,350)
  • Park County, Colorado 2016 Loan Limit: $458,850 (2015: $424,350)

What Are My Options As A Borrower?

Want help choosing a loan program listed below are the general details for conventional, FHA, and VA programs.

Conventional

  • No Overlays
  • PIW’s accepted
  • 97% LTV – Fixed
  • 90% LTV – 5-7 year ARM’s
  • 620 Min FICO
  • Fannie Mae & Freddie Mac
  • LPMI Available
  • DU Refi Plus and Open Access

FHA

  • Make Sense Underwriting
  • FICO’s down to 580
  • Streamlines to 580 (mortgage only credit)
  • Extra .5% for purchase above 680
  • Extra .5% for streamlines

VA

  • Make Sense Underwriting
  • 100% Cash Out
  • FICO’s down to 580
  • Streamlines to 580
  • Extra .5% for purchases above 680
  • Extra .5% for streamlines

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