2015 FHA County Loan Limits for Colorado

2015 FHA County Loan Limits for Colorado

FHA said loan limits for the highest cost areas of $625,500 and the lowest cost areas at $271,050 will remain unchanged. No County will see a decrease this year. In fact Colorado received 12 county loan limit increases for 2015.

The FHA loan limit in each county is determined by a number of factors based on a percentage of the national conforming loan limit. FHA’s minimum national loan limit (the floor) is 65% of the national conforming loan limit. The minimum limit applies to those areas where 115 percent of the median home price is less than 65% of the national conforming loan limit of $417,000 for a one-unit property.

The loan limit ceiling is at 150% of the national conforming loan limit. the maximum loan limit (ceiling) applies to areas where 115% of the median home exceeds 150% of the conforming loan limit.

Below is the 2015 FHA Colorado County Loan Limit Chart. Numbers marked in yellow show the counties that received the increase.

 

 

For loan amounts above $417,000 but still below the max county loan limit you might be priced as a high-balance loan.

The chart below compares the 2014 vs. 2015 FHA Colorado County Loan Limits.

2015 Nationwide Conforming Loan Limits

2015 Colorado Conforming Loan Limits

2015 Colorado VA County Loan Limits

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Have FHA Home Loan questions? Call 303-521-7169 or Email syoung@firstcal.net