2024 Colorado Conforming Loan Limits: Navigating Conforming, High Balance and Jumbo Loans


Understanding the 2024 Colorado Conforming Loan Limits from FHFA

The Federal Housing Finance Agency (FHFA) plays a pivotal role in the U.S. housing market, particularly in setting the 2024 Colorado conforming loan limits. These limits are crucial as they dictate the maximum loan amounts for standard mortgages backed by government-sponsored enterprises like Fannie Mae and Freddie Mac. Learn more about Conforming Loan Limits from FHFA.



What are the 2024 Colorado Conforming Loan Limits from FHFA?

For 2024, the FHFA has set the conforming loan limit at $766,550, a 5.5% increase from 2023. This adjustment reflects changes in the average U.S. home price, allowing borrowers in areas like Colorado to access higher loan amounts under favorable terms. Start your mortgage application today.

High Balance Loans: A Closer Look

In high-cost areas, the conforming loan limits are stretched to accommodate the higher property values. For 2024, the high balance limit is set at $1,089,300. However, these loans often come with higher interest rates due to the increased lending risk. Get a home value estimate.


Metro Denver’s Unique Position

Metro Denver stands out with a conforming loan limit of $816,500 for 2024. Other high-cost counties in Colorado may experience even higher limits, reflecting the diverse real estate market within the state. Search homes for sale in Colorado.


Understanding Jumbo Loans

Loans exceeding the conforming limits are categorized as Jumbo Loans. These are significant for luxury properties or high-cost areas, requiring stringent borrowing criteria due to the absence of government backing. Use our payment calculator to explore options.


Act Now: Closing 2024 Loans in 2023

Interestingly, borrowers can close on these 2024 loan limits right now in 2023, offering a unique opportunity for those looking to invest in Colorado’s dynamic real estate market. Contact us for personalized assistance.


2024 Colorado Conforming Loan Limits Table


County Name One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit
ADAMS COUNTY $816,500 $1,045,250 $1,263,500 $1,570,200
ALAMOSA COUNTY $766,550 $981,500 $1,186,350 $1,474,400
ARAPAHOE COUNTY $816,500 $1,045,250 $1,263,500 $1,570,200
ARCHULETA COUNTY $766,550 $981,500 $1,186,350 $1,474,400
BACA COUNTY $766,550 $981,500 $1,186,350 $1,474,400
BENT COUNTY $766,550 $981,500 $1,186,350 $1,474,400
BOULDER COUNTY $856,750 $1,096,800 $1,325,800 $1,647,650
BROOMFIELD COUNTY $816,500 $1,045,250 $1,263,500 $1,570,200
CHAFFEE COUNTY $766,550 $981,500 $1,186,350 $1,474,400
CHEYENNE COUNTY $766,550 $981,500 $1,186,350 $1,474,400
CLEAR CREEK COUNTY $816,500 $1,045,250 $1,263,500 $1,570,200
CONEJOS COUNTY $766,550 $981,500 $1,186,350 $1,474,400
COSTILLA COUNTY $766,550 $981,500 $1,186,350 $1,474,400
CROWLEY COUNTY $766,550 $981,500 $1,186,350 $1,474,400
CUSTER COUNTY $766,550 $981,500 $1,186,350 $1,474,400
DELTA COUNTY $766,550 $981,500 $1,186,350 $1,474,400
DENVER COUNTY $816,500 $1,045,250 $1,263,500 $1,570,200
DOLORES COUNTY $766,550 $981,500 $1,186,350 $1,474,400
DOUGLAS COUNTY $816,500 $1,045,250 $1,263,500 $1,570,200
EAGLE COUNTY $1,149,825 $1,472,250 $1,779,525 $2,211,600
ELBERT COUNTY $816,500 $1,045,250 $1,263,500 $1,570,200
EL PASO COUNTY $766,550 $981,500 $1,186,350 $1,474,400
FREMONT COUNTY $766,550 $981,500 $1,186,350 $1,474,400
GARFIELD COUNTY $1,149,825 $1,472,250 $1,779,525 $2,211,600
GILPIN COUNTY $816,500 $1,045,250 $1,263,500 $1,570,200
GRAND COUNTY $766,550 $981,500 $1,186,350 $1,474,400
GUNNISON COUNTY $766,550 $981,500 $1,186,350 $1,474,400
HINSDALE COUNTY $766,550 $981,500 $1,186,350 $1,474,400
HUERFANO COUNTY $766,550 $981,500 $1,186,350 $1,474,400
JACKSON COUNTY $766,550 $981,500 $1,186,350 $1,474,400
JEFFERSON COUNTY $816,500 $1,045,250 $1,263,500 $1,570,200
KIOWA COUNTY $766,550 $981,500 $1,186,350 $1,474,400
KIT CARSON COUNTY $766,550 $981,500 $1,186,350 $1,474,400
LAKE COUNTY $766,550 $981,500 $1,186,350 $1,474,400
LA PLATA COUNTY $766,550 $981,500 $1,186,350 $1,474,400
LARIMER COUNTY $766,550 $981,500 $1,186,350 $1,474,400
LAS ANIMAS COUNTY $766,550 $981,500 $1,186,350 $1,474,400
LINCOLN COUNTY $766,550 $981,500 $1,186,350 $1,474,400
LOGAN COUNTY $766,550 $981,500 $1,186,350 $1,474,400
MESA COUNTY $766,550 $981,500 $1,186,350 $1,474,400
MINERAL COUNTY $766,550 $981,500 $1,186,350 $1,474,400
MOFFAT COUNTY $766,550 $981,500 $1,186,350 $1,474,400
MONTEZUMA COUNTY $766,550 $981,500 $1,186,350 $1,474,400
MONTROSE COUNTY $766,550 $981,500 $1,186,350 $1,474,400
MORGAN COUNTY $766,550 $981,500 $1,186,350 $1,474,400
OTERO COUNTY $766,550 $981,500 $1,186,350 $1,474,400
OURAY COUNTY $766,550 $981,500 $1,186,350 $1,474,400
PARK COUNTY $816,500 $1,045,250 $1,263,500 $1,570,200
PHILLIPS COUNTY $766,550 $981,500 $1,186,350 $1,474,400
PITKIN COUNTY $1,149,825 $1,472,250 $1,779,525 $2,211,600
PROWERS COUNTY $766,550 $981,500 $1,186,350 $1,474,400
PUEBLO COUNTY $766,550 $981,500 $1,186,350 $1,474,400
RIO BLANCO COUNTY $766,550 $981,500 $1,186,350 $1,474,400
RIO GRANDE COUNTY $766,550 $981,500 $1,186,350 $1,474,400
ROUTT COUNTY $1,012,000 $1,295,550 $1,566,050 $1,946,200
SAGUACHE COUNTY $766,550 $981,500 $1,186,350 $1,474,400
SAN JUAN COUNTY $766,550 $981,500 $1,186,350 $1,474,400
SAN MIGUEL COUNTY $994,750 $1,273,450 $1,539,350 $1,913,000
SEDGWICK COUNTY $766,550 $981,500 $1,186,350 $1,474,400
SUMMIT COUNTY $1,006,250 $1,288,200 $1,557,150 $1,935,150
TELLER COUNTY $766,550 $981,500 $1,186,350 $1,474,400
WASHINGTON COUNTY $766,550 $981,500 $1,186,350 $1,474,400
WELD COUNTY $766,550 $981,500 $1,186,350 $1,474,400
YUMA COUNTY $766,550 $981,500 $1,186,350 $1,474,400


How is high cost determined for 2024 Colorado Conforming Loan Limits

The Housing and Economic Recovery Act of 2008 (HERA) requires annual adjustments to the Federal Housing Finance Agency’s (FHFA) conforming loan limit (CLL) to reflect changes in the national average home price. Using the House Price Index (HPI), the FHFA’s 2024 CLL increase is calculated at 5.56%. HERA also establishes high-cost area limits, set at a percentage above the baseline. For 2024, the maximum high-cost area limit is $1,149,825, 150% of the baseline $766,550.



Understanding the 2024 Colorado FHFA Conforming Loan Limits is vital for anyone looking to navigate the real estate market, whether it’s opting for a standard, high balance, or jumbo loan.

2024 Colorado FHFA Conforming Loan Limits


Chaffee & Lake Counties Market: October 2023 Insights

Market Chaffee and Lake Counties: October 2023 Overview

Market Chaffee and Lake Counties: An Insightful October 2023 Overview


Nestled in the heart of Colorado, Chaffee and Lake Counties offer a blend of natural splendor and real estate opportunity that’s hard to find elsewhere. This October 2023 market report provides an in-depth look at the core market statistics that paint a picture of current trends, aiding buyers, sellers, and enthusiasts alike to make informed decisions.

Chaffee County: A Blend of Nature and Community

Chaffee County, with its diverse landscape, is characterized by the Arkansas River’s winding paths and the towering peaks of the Sawatch Range. Salida, the largest city, sits approximately 7,083 feet above sea level…

Lake County: High-altitude Living with a Historical Twist

Adjacent Lake County is home to Leadville, the highest incorporated city in North America, perched at an elevation of about 10,152 feet…

Median Close Price

In October 2023, the median close price was $654,500, which is an increase from $634,000 in September 2023 and a significant rise from $569,000 in October 2022. This upward trend suggests a growing market, potentially favoring sellers with higher property values.

Median Close Price Graph

Active Listings

The number of active listings stood at 52 in October 2023, down from 45 in September 2023 but slightly up from 49 in October 2022. The small increase in listings year over year could indicate a more favorable environment for buyers.

Number of Active Listings Graph

Sales Numbers

The sales numbers for October 2023 were at 248, a decrease compared to 271 sales in September 2023 but an increase from 207 sales in October 2022. This points to a still-active market with more transactions occurring than the previous year.

Number of Sales Over Time Graph

Close Price to Original Price Ratio

As for the close price to the original price ratio, there was a slight decrease to 95% in October 2023 from 96.1% in September 2023, but an increase from 94.6% in October 2022. This could indicate that while sellers are getting closer to their asking price, buyers have had slightly more negotiating power than in the previous month.

Close Price to Original Price Ratio Graph

Your Trusted Advisor

For personalized advice and insights, reach out to Christopher Gibson, a seasoned expert in the market Chaffee and Lake Counties…

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NMLS: 1910430
Phone: 720-449-6622

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October 2023 Park Gilpin Clear Creek Market Report | Real Estate Insights

Park, Gilpin, Clear Creek Real Estate Market Report October 2023

Park, Gilpin, Clear Creek Real Estate Market Insights – October 2023

Summary of October 2023 Park Gilpin Clear Creek Real Estate Statistics


Exploring the Park Gilpin Clear Creek real estate landscape, October 2023 unveils pivotal trends and insights. Our report covers median close prices, active listings, sales numbers, and pricing strategies, offering a comprehensive view for stakeholders.

Area Overview

In Gilpin County, Central City and Black Hawk stand out as historic mining towns, renowned for their casinos and rich history. Clear Creek County is highlighted by Idaho Springs, Georgetown, and Silver Plume, known for hot springs and charming historic districts. Park County’s Fairplay, Alma, Hartsel, and Lake George offer historical significance and scenic beauty. These areas collectively add to the unique character of the region.

Median Close Price Analysis

This October, the median close price in Park, Gilpin, and Clear Creek Counties showcased a significant rise, reaching $562,500, indicating a growing trend in property values.

October 2023 Median Close Price Graph

Active Listings Trends

Active listings in October numbered 324, a slight decrease from the previous month but an increase from last year, highlighting the dynamic nature of the market.

October 2023 Active Listings Graph

Sales Volume Insights

The sales volume in October remained steady, with 90 transactions, demonstrating consistent market demand.

October 2023 Sales Number Graph

Pricing Strategy Overview

The close price to original price ratio in October was 94.8%, reflecting the ongoing pricing trends and market dynamics.

October 2023 Close Price Ratio Graph

Contact Christopher Gibson

For personalized advice or more information, contact Christopher Gibson. Christopher Gibson - Park Gilpin Clear Creek Real Estate Expert
NMLS 1910430
Phone: 720-449-6622

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October 2023 Denver Real Estate Market Insights and Trends

October 2023 Denver Real Estate Market Insights and Trends

Denver Real Estate Market Overview – October 2023

October 2023 in the Denver Real Estate market has shown significant changes. This analysis dives deep into the statistics and their implications.

Metro Denver: A Diverse and Dynamic Region

Metro Denver encompasses Adams, Arapahoe, Broomfield, Boulder, Jefferson, and Douglas Counties. Each county boasts unique characteristics, contributing to Denver’s appeal as a real estate hotspot. The region is home to major cities like Boulder, Aurora, and Centennial, known for excellent school districts and a blend of urban and natural environments.

October 2023 Market Highlights

October 2023 saw the median close price in Denver rise to $589,990, a significant increase from $575,000 in October 2022. This 2.61% year-over-year growth indicates a steadily appreciating market. However, compared to September 2023, where the median was $591,000, there’s a slight month-over-month decrease, suggesting a momentary stabilization in prices.

Denver Real Estate Median Close Price Trends - October 2023

Active Listings and Inventory Changes

The number of active listings dropped to 8,577 in October 2023 from 9,586 in October 2022, a 10.53% decrease, reflecting a more competitive market with fewer options for buyers. Compared to September 2023, the listings decreased from 9,261, indicating a tighter market month-over-month.

Denver Real Estate Active Listings Dynamics - October 2023

Sales Trends: A Closer Look

Sales numbers in October 2023 stood at 3,375, down from 3,794 in October 2022, showing an 11.04% year-over-year decrease. This decline might indicate a market cooling or buyer hesitation. However, the slight decrease from September 2023’s 3,609 sales suggests a stable purchasing trend.

Denver Real Estate Sales Volume Changes - October 2023

Price Negotiation Dynamics

The close price to original price ratio in October 2023 was at 98.20%, slightly up from 97.30% in October 2022. This increase suggests that homes are selling closer to their asking prices, indicating a market favorable to sellers. The month-over-month change from 98.50% in September 2023 shows a slight shift towards buyers.

Denver Real Estate Price to Original Price Ratio - October 2023

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Colorado Appraisal Incentive for Real Estate Referrals

Colorado Appraisal Incentive for Real Estate Referrals

Appraisal Costs Covered in Colorado for Agent Referrals

Colorado Appraisal Incentive - Enhancing Home-Buying Experiences

Introducing a strategic benefit for Colorado realtors: if you refer your clients to us, we’re offering to cover their appraisal fees. This Colorado Appraisal Incentive is available to ensure your clients can move forward with confidence, knowing they have financial support.

Streamlining Your Clients’ Journey

When it comes to significant financial decisions like purchasing a home, an appraisal is a crucial step. Understanding the details is simple: for loans over $200,000, when your client selects United Wholesale Mortgage with lender paid compensation, we handle the appraisal fees.

Advantages for Realtors and Clients Alike

Though this offer directly benefits homebuyers, real estate professionals gain an edge, too. We’re committed to adding value to your services and fostering a smoother sale process.

Faster Closing Times

The appraisal fee promotion is designed to expedite the mortgage process, resulting in quicker closing times—a significant benefit in Colorado’s dynamic property market.

More Efficient Transactions

Agents can provide a more streamlined experience, helping to manage and reduce closing costs for the buyer, leading to a more efficient overall transaction.

Strengthened Buying Power

By removing the immediate financial burden of an appraisal, your clients can allocate funds to other aspects of their home purchase. This added flexibility can be a deciding factor for buyers on the fence, potentially increasing the likelihood of a successful transaction. With the appraisal costs handled, buyers may also view properties in a slightly higher price range, expanding their options and potentially increasing your commission as their realtor.

Enhanced Client Trust

Offering to cover appraisal costs demonstrates to clients that you’re invested in their best interests, building a foundation of trust. This can lead to repeat business and referrals, growing your reputation as a realtor who goes the extra mile. The philosophy of prioritizing client needs is central to our mission, and through this appraisal incentive, we aim to support that shared value.

Ready to enhance your client’s purchasing power? Start by applying for a mortgage here. Or, get an estimated home value right now.

Calculate potential payments with our handy calculator or connect with our team directly here.

Learn about our philosophy and commitment to clients’ financial success at our About Us page.

When it’s time to explore the market, browse Colorado properties here.

Offer applicable on loan amounts of $200,000 or more and only if the borrower selects United Wholesale Mortgage with lender paid compensation. This offer may not be available for FHA loans or reverse mortgages. This offer applies for mortgages that close in 2023. This offer is NOT limited to Colorado.

5 Missteps in Colorado Home Mortgages

5 Missteps in Colorado Home Mortgage

5 Missteps in Colorado Home Mortgage

Acquiring a home mortgage in Colorado is a significant financial decision. While the process can be exciting, there are certain pitfalls that potential homeowners should be aware of. Being informed about these colorado-mortgage-missteps can save you from potential challenges and setbacks during the home buying process. Here are five crucial missteps to avoid:

No Job-hopping

Consistency in employment history is vital when applying for a mortgage. Lenders view frequent job changes as a sign of financial instability. If you’ve recently switched jobs, it might raise red flags. It’s essential to have a stable job history to show lenders that you have a consistent income to cover your mortgage payments.

No Big Buys

It might be tempting to purchase new furniture for your future home or get a new car, but large purchases can jeopardize your mortgage application. These big buys, especially on credit, can significantly impact your debt-to-income ratio, making you seem like a risky borrower in the eyes of lenders.

No New Credit

Every time you apply for new credit, it can temporarily lower your credit score. Lenders might see this as you having trouble managing your current financial obligations. It’s best to hold off on new credit applications until after your mortgage process is complete.

No Missed Payments

Ensure all your bills, loans, and credit card payments are current. Even a single late payment can negatively impact your credit score, making it harder to get approved for a mortgage. Regularly check your bills and set reminders to ensure you never miss a payment.

No Mystery Money

Large, unexplained deposits in your bank account can raise questions. Lenders need to ensure that the funds for down payments and closing costs come from legitimate sources. Any significant deposits should be documented and explained.

When considering a home mortgage in Colorado, it’s essential to be informed and prepared. Avoiding these common pitfalls can help ensure a smooth and successful home buying experience. For more guidance on navigating the Colorado mortgage landscape and avoiding these colorado-mortgage-missteps, contact our expert team. Learn more about us, start your mortgage application, or explore homes for sale. If you’re curious about your home’s value or planning your budget, get a home value estimate or use our payment calculator.

Common Mortgage Missteps in Colorado