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FHA loan limits increased in Denver and Colorado

FHA loan limits increased in Denver and Colorado

Ok, so a while back you read my post about the lowering of loan limits in Colorado for FHA mortgages. Well that has been reversed, so those loan limits are back up to where they were….. What does that means, on average about $30,000 more financing available for FHA users.

My opinion is , that it shows the Government is committed to FHA and keeping homeownership affordable. Why? Because they didn’t add Fannie Mae or Freddie Mac to the increased loan limits. I think they are preparing for stepping away from backing these two giants in the future. So long as they back FHA and VA we will be fine.

To apply for an FHA or VA mortgage click here

Ray

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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.

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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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