2014 Colorado VA County Loan Limits

 

These limits apply to all loans closed February 28, 2014, through
December 31, 2014

For all Colorado counties other than those listed below, the limit is $417,000.

Adams County: $425,000

Arapahoe County: $425,000

Boulder County: $422,500

Broomfield County: $425,000

Clear Creek County: $425,000

Denver County: $425,000

Douglas County: $425,000

Eagle County: $625,000

Elbert County: $425,000

Garfield County: $781,250

Gilpin County: $425,000

Hinsdale County: $427,500

Jefferson County: $425,000

Lake County: $625,500

Ouray County: $425,500

Park County: $425,000

Pitkin County: $781,250

Routt County: $625,500

San Miguel County: $625,500

Summit County: $625,500

 

VA Jumbo will allow you to lend over the above limits, but you will be responsible for paying 25% of the difference between the loan limit and the purchase price.

The Department of Veterans Affairs (VA) Loan Guaranty program does not set a maximum amount that an eligible Veteran may borrow using a VA-guaranteed loan. Lenders may make loans to Veterans over the calculated maximum loan limit; however, lenders may require Veterans to make a down payment in these types of transactions.

The following loan limits must be used to calculate VA’s maximum guaranty amount. These limits apply to all loans closed February 28, 2014, through December 31, 2014.

VA loan limits are based off median home values estimated by the Federal Housing Administration (FHA). These values are the basis for which VA calculates limits for our program. For 2014, some limits increased, some stayed the same, and a few decreased.

The maximum guaranty amount (available for loans over $144,000) is 25 percent of the 2014 VA loan limit shown below. Therefore, a Veteran with full entitlement available may borrow up to the 2014 VA loan limit shown below and VA will guarantee 25 percent of the loan amount.

If a Veteran has previously used entitlement that has not been restored, the maximum guaranty amount available to that Veteran must be reduced accordingly.

Lenders should check their own investor requirements regarding guaranty amounts and down payments. Questions about VA loans in a particular may be directed to the VA Regional Loan Center of jurisdiction.

Information obtained from:

http://benefits.va.gov/HOMELOANS/documents/docs/2014_county_loan_limits.pdf

 

Sean Young, Mortgage Loan Officer, 303-521-7169 / NMLS: 191647

www.mylendersean.com 2014 VA County Loan Limits – Colorado