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2018 Conforming Loan Limits for Colorado and the US

2018 Conforming Loan Limits for Colorado and the US

2018 Conforming (a.k.a Conventional) loan limits have been announced! Looking good for the Denver metro area, better than expected. Nationally that will be at $453,100 (up from $424,100) and in Colorado (drumroll please) we will see Denver & major metro at $529K (high balance loan limit)!  For other counties in Colorado, we are looking at: El Paso ($453,100), Boulder ($578,450), Summit County ($625,500) just to name a few. Look up other counties here.

We expect FHA, VA, and USDA to follow suit but will await them to release their loan limits for 2018 and will keep you informed when that happens.

This definitely helps so we are not necessarily needing to jump into a jumbo loan.  This is a much-needed increase since our market has been increasing.

If you have any questions or would like to learn more about conforming loan limits, please give us a call.

Ray & Mortgage Maestro Group

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Licensed in Colorado as Maestro LLC (DBA Mortgage Maestro Group) is an Equal Housing Lender.

387 N Corona St #646, Denver, CO 80218.

NMLS Unique Identifier #1838215

Consumers wishing to file a complaint against a company or a residential Mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the Department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

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