VIDEO: Have You Heard About the New Home Loan Limits in Colorado?

Home loan limits have gone up for conforming, FHA, and VA loans here in Colorado Springs.
Here’s what you need to know.

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There has been a lot of discussion about the new loan limits that were recently announced for conforming, FHA, and VA loans. I want to break through all of the noise and let you know what the new home loan limits mean for us in Colorado Springs.

The new loan limits for our county are $510,400 for conventional loans, $356,500 for FHA loans, and $1,200,000 for VA loans. Those are up by 5.3%, 5%, and 247%, respectively. Not all lenders will offer that $1,200,000 VA loan, but it means that the VA is allowing it.