Jumbo and Super Jumbo Leading
Any loan up to $417,000 in Colorado is considered conforming to the conventional loan limits. In certain high-cost counties, like Eage and Pitkin, you can actually go up to $625,000 in 2013.
Anything above that and it is considered a jumbo loan and super jumbo loan
Typically a super jumbo loan would be in the $10-$20 million dollar range.
These loans, above $417,000 and $625,000 respectively, are not backed by Fannie Mae or Freddie Mac, and will carry with them higher interest rates due to the increase in risk. At this level, you will be working with many private lending institutions who portfolio their loans (lend their own money) in an effort to earn your business.
For a Detailed Analysis of your next Jumbo or Super Jumbo purchase or refinance, please fill out some basic information below, and we will get back to you shortly.