CONVENTIONAL LOANS

Conventional loans are loans made by banking institutions that are not backed by any government agency such as the FHA, VA or USDA. Conventional loans meet the lending requirements of Fannie Mae and Freddie Mac. Conventional loans are issued by private lenders who then sell the to either Fannie Mae or Freddie Mac.

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Loan Limits

Loan limits for conventional loans are based on the county you live in. Some counties in Colorado

County Name One Unit Two Units Three Units Four Units
ADAMS $561,200 $718,450 $868,400 $1,079,250
ALAMOSA $484,350 $620,200 $749,650 $931,600
ARAPAHOE $561,200 $718,450 $868,400 $1,079,250
ARCHULETA $484,350 $620,200 $749,650 $931,600
BACA $484,350 $620,200 $749,650 $931,600
BENT $484,350 $620,200 $749,650 $931,600
BOULDER $626,750 $802,350 $969,850 $1,205,300
BROOMFIELD $561,200 $718,450 $868,400 $1,079,250
CHAFFEE $484,350 $620,200 $749,650 $931,600
CHEYENNE $484,350 $620,200 $749,650 $931,600
CLEAR CREEK $561,200 $718,450 $868,400 $1,079,250
CONEJOS $484,350 $620,200 $749,650 $931,600
COSTILLA $484,350 $620,200 $749,650 $931,600
CROWLEY $484,350 $620,200 $749,650 $931,600
CUSTER $484,350 $620,200 $749,650 $931,600
DELTA $484,350 $620,200 $749,650 $931,600
DENVER $561,200 $718,450 $868,400 $1,079,250
DOLORES $484,350 $620,200 $749,650 $931,600
DOUGLAS $561,200 $718,450 $868,400 $1,079,250
EAGLE $696,900 $892,150 $1,078,400 $1,340,200
ELBERT $561,200 $718,450 $868,400 $1,079,250
EL PASO $484,350 $620,200 $749,650 $931,600
FREMONT $484,350 $620,200 $749,650 $931,600
GARFIELD $718,750 $920,150 $1,112,250 $1,382,250
GILPIN $561,200 $718,450 $868,400 $1,079,250
GRAND $484,350 $620,200 $749,650 $931,600
GUNNISON $484,350 $620,200 $749,650 $931,600
HINSDALE $484,350 $620,200 $749,650 $931,600
HUERFANO $484,350 $620,200 $749,650 $931,600
JACKSON $484,350 $620,200 $749,650 $931,600
JEFFERSON $561,200 $718,450 $868,400 $1,079,250
KIOWA $484,350 $620,200 $749,650 $931,600
KIT CARSON $484,350 $620,200 $749,650 $931,600
LAKE $625,500 $800,775 $967,950 $1,202,925
LA PLATA $484,350 $620,200 $749,650 $931,600
LARIMER $484,350 $620,200 $749,650 $931,600
LAS ANIMAS $484,350 $620,200 $749,650 $931,600
LINCOLN $484,350 $620,200 $749,650 $931,600
LOGAN $484,350 $620,200 $749,650 $931,600
MESA $484,350 $620,200 $749,650 $931,600
MINERAL $484,350 $620,200 $749,650 $931,600
MOFFAT $484,350 $620,200 $749,650 $931,600
MONTEZUMA $484,350 $620,200 $749,650 $931,600
MONTROSE $484,350 $620,200 $749,650 $931,600
MORGAN $484,350 $620,200 $749,650 $931,600
OTERO $484,350 $620,200 $749,650 $931,600
OURAY $484,350 $620,200 $749,650 $931,600
PARK $561,200 $718,450 $868,400 $1,079,250
PHILLIPS $484,350 $620,200 $749,650 $931,600
PITKIN $718,750 $920,150 $1,112,250 $1,382,250
PROWERS $484,350 $620,200 $749,650 $931,600
PUEBLO $484,350 $620,200 $749,650 $931,600
RIO BLANCO $484,350 $620,200 $749,650 $931,600
RIO GRANDE $484,350 $620,200 $749,650 $931,600
ROUTT $625,500 $800,775 $967,950 $1,202,925
SAGUACHE $484,350 $620,200 $749,650 $931,600
SAN JUAN $484,350 $620,200 $749,650 $931,600
SAN MIGUEL $625,500 $800,775 $967,950 $1,202,925
SEDGWICK $484,350 $620,200 $749,650 $931,600
SUMMIT $625,500 $800,775 $967,950 $1,202,925
TELLER $484,350 $620,200 $749,650 $931,600
WASHINGTON $484,350 $620,200 $749,650 $931,600
WELD $484,350 $620,200 $749,650 $931,600
YUMA $484,350 $620,200 $749,650 $931,600





Guidelines:

  • Credit scores down to 620
  • Full documentation required for assets and income
  • LTV's to 97%
  • Debt to income rations typically to 43% but may go higher depending on compensating factors, i.e. great credit, lower LTV
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