FHA loan limits Raised for 2017
Great news for the coming new year!
Along with the higher conventional loan limits for 2017, FHA has also raised the loan limits.
This means you can take advantage of low down payment options provided by FHA loans to purchase a higher priced home with FHA's low interest rates.
Boulder County: loan limit = $529,000 or a maximum purchase price of $548,186
Larimer County: loan limit = $376,050 or a maximum purchase price of $389,689
Weld County: Loan limit = $322,000 or a maximum purchase price of $333,678
Denver Metro Area loan limit = $493,350 or a maximum purchase price of $511,243
Of course one can go over the maximum purchase price but they would need to pay the difference in a larger down payment.
Loan amounts also increased accordingly for 2, 3, and 4 unit properties.
Call us now and we can start your home buying