Beacon Lending Home Loans in Denver Colorado

2016 FHA and FANNIE MAE Increased Loan Limits

Due to the rise in home prices in 2015, and the steady increase in valuation, FHA and Fannie Mae have both increased the maximum loan amounts in many counties nationwide. I have provided links below for the change in Colorado, which will be a pleasant surprise to many buyers who now can opt to finance, versus come to closing with that cash in hand.

The new conforming loan amount in Colorado in most metro areas for Fannie Mae has been raised $41,850 to $458,850 up from $417,000 in 2015. Here is a direct link to see what the limit is in the county you are looking to buy property in Colorado.   Make sure to click the Loan Limit Look up Table 2016.

For FHA, the new conforming loan limit in most metro areas is also $458,850, and you can find your county loan amount limit by clicking here.

To see what you qualify for, contact a licensed Colorado Mortgage Broker today.

About the Author

Brian Quigley
Brian Quigley
 NMLS# #244003

Brian Quigley has been in the Denver mortgage industry since 2003. Customer satisfaction has been his top priority while guiding clients through the home loan qualification process. He is proficient in all types of mortgage financing including FHA/VA, Conventional, USDA, Jumbo, Portfolio, 1031 Exchanges, Reverse Mortgages, Refinancing, Construction loans, and FHA 203K loans.

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Adam Armstrong
Getting the lowest rate was the most important thing to me. I shopped 5 other lenders/brokers for my refinance. Brian was able to beat the other lenders by a significant margin....
Brent Galas
Brian, was very easy to work with for my refinance even thru this Covid time. All documents were easy to upload electronically and his processor was detailed for what was needed...
Jerred Lane
Brian has raised the bar to a whole new level. With time being precious, there are not many who have a lot of time to spare; he kept everything on point and on track.

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