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FHA Announces NEW loan limits for 2014

FHA Announces NEW loan limits for 2014

For the first time in some time, FHA has lowered it’s FHA loan limits for the Metro Denver and surrounding areas.

Check it out! Not by much, but slightly.

6 Major Metro Counties-

**(Adams, Arapahoe, Broomfield, Jefferson, Denver, Douglas)

  • 1 Unit- $391,000
  • 2 Unit- $500,550
  • 3 Unit- $605,050
  • 4 Unit- $751,900

BOULDER County

  • 1-Unit $408,250
  • 2-Unit $522,600
  • 3-Unit $631,750
  • 4-Unit $785,100

Make sure to check other applicable counties changes if you are taking out an FHA loan soon! https://entp.hud.gov/idapp/html/hicost1.cfm

Talk Soon~

Ray Williams

Branch Manager

Summit Mortgage- Denver

 

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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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