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Colorado 2021 FHA Loan Limits

Colorado 2021 FHA Loan Limits

PurchaseFHA Loan Limits

Colorado 2021 FHA Loan Limits

Author

NextDoor Lending

NextDoor Lending

Read Time

5 Mins

Date Published

May 9, 2022

The 2021 FHA Limit in Colorado is between $356,362 and $822,250 for 1-unit properties and between $424,800 and $1,052,650 for 2-unit properties. See below for limits on 3 and 4 units.

\n

Adams County

\n1 Unit – $596,850\n2 Unit – $764,050\n3 Unit – $923,600\n4 Unit – $1,147,800\n

Alamosa County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Arapahoe County

\n1 Unit – $596,850\n2 Unit – $764,050\n3 Unit – $923,600\n4 Unit – $1,147,800\n

Archuleta County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Baca County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Bent County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Boulder County

\n1 Unit – $654,350\n2 Unit – $837,700\n3 Unit – $1,012,550\n4 Unit – $1,258,450\n

Broomfield County

\n1 Unit – $596,850\n2 Unit – $764,050\n3 Unit – $923,600\n4 Unit – $1,147,800\n

Chaffee County

\n1 Unit – $391,000\n2 Unit – $500,550\n3 Unit – $650,050\n4 Unit – $751,900\n

Cheyenne County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Clear Creek County

\n1 Unit – $596,850\n2 Unit – $764,050\n3 Unit – $923,600\n4 Unit – $1,147,800\n

Conejos County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Costilla County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Crowley County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Custer County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Delta County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Denver County

\n1 Unit – $596,850\n2 Unit – $764,050\n3 Unit – $923,600\n4 Unit – $1,147,800\n

Dolores County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Douglas County

\n1 Unit – $596,850\n2 Unit – $764,050\n3 Unit – $923,600\n4 Unit – $1,147,800\n

Eagle County

\n1 Unit – $822,250\n2 Unit – $1,052,650\n3 Unit – $1,272,400\n4 Unit – $1,581,300\n

El Paso County

\n1 Unit – $393,300\n2 Unit – $503,500\n3 Unit – $608,600\n4 Unit – $756,350\n

Elbert County

\n1 Unit – $596,850\n2 Unit – $764,050\n3 Unit – $923,600\n4 Unit – $1,147,800\n

Fremont County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Garfield County

\n1 Unit – $822,250\n2 Unit – $1,052,650\n3 Unit – $1,272,400\n4 Unit – $1,581,300\n

Gilpin County

\n1 Unit – $596,850\n2 Unit – $764,050\n3 Unit – $923,600\n4 Unit – $1,147,800\n

Grand County

\n1 Unit – $529,000\n2 Unit – $677,200\n3 Unit – $818,600\n4 Unit – $1,017,300\n

Gunnison County

\n1 Unit – $408,250\n2 Unit – $522,600\n3 Unit – $631,750\n4 Unit – $785,100\n

Hinsdale County

\n1 Unit – $427,800\n2 Unit – $547,650\n3 Unit – $662,000\n4 Unit – $822,700\n

Huerfano County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Jackson County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Jefferson County

\n1 Unit – $596,850\n2 Unit – $764,050\n3 Unit – $923,600\n4 Unit – $1,147,800\n

Kiowa County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Kit Carson County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

La Plata County

\n1 Unit – $448,500\n2 Unit – $574,150\n3 Unit – $694,000\n4 Unit – $862,500\n

Lake County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Larimer County

\n1 Unit – $464,600\n2 Unit – $594,750\n3 Unit – $718,950\n4 Unit – $893,450\n

Las Animas County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Lincoln County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Logan County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Mesa County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Mineral County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Moffat County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Montezuma County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Montrose County

\n1 Unit – $425,500\n2 Unit – $544,700\n3 Unit – $658,450\n4 Unit – $818,250\n

Morgan County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Otero County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Ouray County

\n1 Unit – $425,500\n2 Unit – $544,700\n3 Unit – $658,450\n4 Unit – $818,250\n

Park County

\n1 Unit – $596,850\n2 Unit – $764,050\n3 Unit – $923,600\n4 Unit – $1,147,800\n

Phillips County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Pitkin County

\n1 Unit – $822,250\n2 Unit – $1,052,650\n3 Unit – $1,272,400\n4 Unit – $1,581,300\n

Prowers County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Pueblo County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Rio Blanco County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Rio Grande County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Routt County

\n1 Unit – $678,500\n2 Unit – $868,600\n3 Unit – $1,049,950\n4 Unit – $1,304,850\n

Saguache County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

San Juan County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

San Miguel County

\n1 Unit – $822,250\n2 Unit – $1,052,650\n3 Unit – $1,272,400\n4 Unit – $1,581,300\n

Sedgwick County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Summit County

\n1 Unit – $822,250\n2 Unit – $1,052,650\n3 Unit – $1,272,400\n4 Unit – $1,581,300\n

Teller County

\n1 Unit – $393,300\n2 Unit – $503,500\n3 Unit – $608,600\n4 Unit – $756,350\n

Washington County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n

Weld County

\n1 Unit – $428,950\n2 Unit – $549,100\n3 Unit – $663,750\n4 Unit – $824,900\n

Yuma County

\n1 Unit – $356,362\n2 Unit – $456,275\n3 Unit – $551,500\n4 Unit – $685,400\n\n

Information sourced from hud.gov.

Author

NextDoor Lending

NextDoor Lending

Read Time

5 Mins

Date Published

May 9, 2022

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PurchaseFinance

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NextDoor Lending5 min read

Will Rates Stay Low This Winter?

While no one has a crystal ball when it comes to predicting mortgage rate trends, the consensus is that rates will likely rise at the end of 2021. But that doesn’t mean rates will shoot up overnight! So far, the increase in rates has come with ups and downs marked by a gradual rise over time. \nShould I Wait?\nTiming the market can be a dangerous game. If you’re ready to lock a mortgage rate now, it’s a great time to do so. If you’re just starting on your home purchase or refinance journey, however, don’t stress. Even the highest mortgage rate predictions for 2021 are still “low” by historical standards. So, there’s nothing wrong with waiting until you’re ready.\nWinter is a Great Time to Buy\nWinter is typically a slow time in the real estate market and this year will most likely not be an exception. Many homeowners take their homes off the market because they are busy with family and the holidays. Only sellers who are extremely motivated tend to leave their home on the market, providing opportunities for buyers to find hidden gems. This also means that realtors as well as mortgage lenders have less business during these cold months so both can help you find low rates or affordable repayment options if needed.\n

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NextDoor Lending

NextDoor Lending5 min read

Home Inspection VS. Appraisal

If you're looking to purchase a home, it can be an overwhelming process. There are many real estate and mortgage terms that may confuse you--one example is the difference between an appraisal and inspection. Understanding what these functions do for both parties involved will help make smarter decisions in your quest for housing!\nHome Inspection\nHome inspections are important for buyers to keep their investment protected. Insuring your purchase is a smart move, and who doesn't want peace of mind? A home inspection is one way you can do this; it's scheduled in advance before the final papers are signed so there won't be any surprises later on. With an inspector coming out beforehand, they evaluate if anything would go wrong down the line with structures or other issues that could have been unknown about until after closing time! They will usually check for leaks or needed repairs in electrical work, plumbing issues, built-ins (like cabinets), roofing material/condition; focus on anything from building code violations to structural concerns like termites. Once inspected it's up to prospective homebuyers as whether they want this information disclosed with their offer.\nHome inspections are an essential part of buying a new home. They allow buyers to learn more about their future property and can even save them from unpleasant surprises in the process! For those who don't know any inspection companies, your realtor should be able to give you some recommendations. You can also check out the American Society of Home Inspectors to help you choose. They have a list of which organizations are qualified and they offer tips on how to be ready for your inspection.\nAppraisal\nAn appraisal is an unbiased third party often assigned by the mortgage lender to make sure that all parties involved (buyer, seller, and lender) receive a fair price for property. Appraisers are highly trained professionals who must meet certain academic qualifications before they can be licensed as appraiser through their state's governing body. Most lenders have a list of qualified appraisers from which you may choose one whose opinion will best suit your needs! The inspector will make sure the property is up to code and that any potential hazards are eliminated. They also check for comparable sales in the area, which makes them a great resource when it comes time to sell your home. Once they have completed their inspection, they'll compile all this information into a detailed report that includes pictures and calculations on how much each facet would affect the house value if changed. This way you won't need to guess about any details or wonder why your appraisal is higher than another one while trying to negotiate with potential buyers!\nBuying your first home is an exciting and exhilarating process. It can also be confusing and a little scary; that's why Next Door Lending is here to help with all of your financing needs! If you're thinking about buying a house or have questions about mortgages, get in touch with one of our loan officers today.\n