Any loan up to $417,000 in Colorado is considered conforming to the conventional loan limits. In certain high-cost counties, like Eagle and Pitkin, you can actually go up to $625,000 in 2013. Jumbo loans are considered to be ones that are above this threshold and 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.
Hello, my name is Brian Quigley and I have been in the Denver mortgage industry since 2003. I have been fortunate enough to choose this very rewarding mortgage broker career and help thousands of borrowers over the years. Customer satisfaction is important to me most, and getting my clients to the closing table smoothly. Read More…