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
Sean Young
Sean Young is a Mortgage Loan Officer in the great State of Colorado for the last 21 years, a nationally recognized real estate blogger who loves teaching Social Media, Real Estate Technology, and Continuing Education classes. Sean provides weekly Real Estate Agent Power tips and Tuesday Webinars that give the latest marketing strategies and tips on how to grow, build and increase your visibility, credibility, and brand as a Real Estate Agent. Looking for a Home Loan? Sean and his team can provide you with the expertise, professionalism, and customer service that will ensure that your transaction goes smoothly.
