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2021 FHA Loan Limits in Colorado

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The federal government has set the maximum amount a Coloradan homebuyer can borrow with an FHA loan between $356,362 and $822,375 for a single-family home, depending on which county the property is located in. The lower number applies to less expensive rural areas, while folks in Summit and San Miguel counties — home to ski resort cities Breckenridge and Telluride, respectively — might be able to qualify up to the $822,375 limit for high cost areas.

Dreaming about buying a house in Colorado? This may be the perfect time to make the leap. And thanks to the Federal Housing Administration (FHA), some Coloradans can qualify for federally backed loans to help get them into a new house. This year, residents will be able to borrow even more with an FHA loan in some areas to make their home buying dreams come true.

Colorado FHA loan limits by county

FHA Loan Limits in Colorado
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Adams $596,850 $764,050 $923,600 $1,147,800 $519,000
Alamosa $356,362 $456,275 $551,500 $685,400 $175,000
Arapahoe $596,850 $764,050 $923,600 $1,147,800 $519,000
Archuleta $356,362 $456,275 $551,500 $685,400 $287,000
Bent $356,362 $456,275 $551,500 $685,400 $60,000
Boulder $654,350 $837,700 $1,012,550 $1,258,400 $569,000
Broomfield $596,850 $764,050 $923,600 $1,147,800 $519,000
Chaffee $391,000 $500,550 $605,050 $751,900 $340,000
Cheyenne $356,362 $456,275 $551,500 $685,400 $63,000
Clear Creek $596,850 $764,050 $923,600 $1,147,800 $519,000
Conejos $356,362 $456,275 $551,500 $685,400 $100,000
Custer $356,362 $456,275 $551,500 $685,400 $230,000
Dolores $356,362 $456,275 $551,500 $685,400 $147,000
Douglas $596,850 $764,050 $923,600 $1,147,800 $519,000
Eagle $822,250 $1,052,650 $1,272,400 $1,581,300 $715,000
Elbert $596,850 $764,050 $923,600 $1,147,800 $519,000
Fremont $356,362 $456,275 $551,500 $685,400 $215,000
Garfield $822,375 $1,053,000 $1,272,750 $1,581,750 $626,000
Gilpin $596,850 $764,050 $923,600 $1,147,800 $519,000
Grand $529,000 $677,200 $818,600 $1,017,300 $460,000
Gunnison $408,250 $522,600 $631,750 $785,100 $355,000
Hinsdale $427,800 $547,650 $662,000 $822,700 $295,000
Huerfano $356,362 $456,275 $551,500 $685,400 $144,000
Jackson $356,362 $456,275 $551,500 $685,400 $148,000
Jefferson $596,850 $764,050 $923,600 $1,147,800 $519,000
Kiowa $356,362 $456,275 $551,500 $685,400 $73,000
Kit Carson $356,362 $456,275 $551,500 $685,400 $155,000
Larimer $464,600 $594,750 $718,950 $893,450 $404,000
Las Animas $356,362 $456,275 $551,500 $685,400 $115,000
Lincoln $356,362 $456,275 $551,500 $685,400 $137,000
Mesa $356,362 $456,275 $551,500 $685,400 $265,000
Mineral $356,362 $456,275 $551,500 $685,400 $300,000
Moffat $356,362 $456,275 $551,500 $685,400 $189,000
Montrose $425,500 $544,700 $658,450 $818,250 $359,000
Otero $356,362 $456,275 $551,500 $685,400 $93,000
Ouray $425,500 $544,700 $658,450 $818,250 $359,000
Park $596,850 $764,050 $923,600 $1,147,800 $519,000
Phillips $356,362 $456,275 $551,500 $685,400 $153,000
Pitkin $822,375 $1,053,000 $1,272,750 $1,581,750 $626,000
Prowers $356,362 $456,275 $551,500 $685,400 $115,000
Pueblo $356,362 $456,275 $551,500 $685,400 $204,000
Rio Blanco $356,362 $456,275 $551,500 $685,400 $178,000
Rio Grande $356,362 $456,275 $551,500 $685,400 $150,000
Saguache $356,362 $456,275 $551,500 $685,400 $135,000
San Miguel $822,375 $1,053,000 $1,272,750 $1,581,750 $565,000
Sedgwick $356,362 $456,275 $551,500 $685,400 $85,000
Summit $822,375 $1,053,000 $1,272,750 $1,581,750 $805,000
Teller $393,300 $503,500 $608,600 $756,350 $342,000
Washington $356,362 $456,275 $551,500 $685,400 $150,000
Yuma $356,362 $456,275 $551,500 $685,400 $133,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets limits on how expensive a house the FHA will insure in each county in the United States. These limits are set based on the current year’s conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2021, that conforming limit is $548,250, up roughly $38,000 from 2020’s limit of $510,400.

The FHA “floor” is the largest mortgage the agency will issue in most of the country and is 65% of the conforming loan limit. In 2021, the FHA floor is set at $356,362, an increase of about $24,600 above the 2020 limit of $331,760.

The FHA “ceiling” is a higher limit that only applies to high-cost areas. This is set at 150% of the conforming loan limit, or $822,375 for single-family homes. With a few exceptions, this is generally the largest mortgage amount the agency will insure for a single-family home. In many parts of the country, loan limits fall somewhere between the FHA floor and ceiling.

Outside of the lower 48 states, FHA maximum loan limits are higher because of more expensive construction costs. These include the special exception areas of Alaska, Hawaii, Guam and the U.S. Virgin Islands.

Here are the 2021 standard FHA limits for all property types:

  • One-unit: $356,362
  • Two-unit: $456,275
  • Three-unit: $551,500
  • Four-unit: $685,400

Here are the 2021 standard FHA limits for high-cost areas:

  • One-unit: $822,375
  • Two-unit: $1,053,000
  • Three-unit: $1,272,750
  • Four-unit: $1,581,750

Do you qualify for an FHA loan in Colorado?

FHA loans are a great deal for qualified buyers, thanks to lower down payments and closing costs. Find out if your credit score and income will help you qualify for one of these loans.

 

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