2023 FHA Loan Limits In Colorado
New FHA loan limits have been released for 2023. The generic national loan limit is $472,030 but Colorado has many high-cost areas which allows us to exceed that loan amount. Due to significant price increases, loan limits have roughly increased by 12% compared to 2022. Please be aware that interest rates on loan amounts above $726,200 will be slightly higher(Jumbo FHA). You can check out our current FHA rates here.
Benefits and important information about FHA Loans:
The Good…
- Credit Scores down to 580(Credit scores below 620 cannot exceed $726,200 even if purchasing in a high-cost area/County).
- 3.5% down payment + Down Payment Assistance allowed.
- Flexible debt to income ratio(Often easier to qualify than conventional loan).
- Interest rates tend to be lower than conventional loans especially for credit scores below 700.
- Ideal for client who has credit scores below 700 and a small down payment.
The Bad…
- Upfront mortgage insurance is required(1.75% of the loan amount). Can be rolled into the loan but increases loan amount.
- Monthly mortgage insurance is required and cannot be removed unless buyer does initial 10% down payment. In that case, will be removed after 11 years.
- Only way to remove mortgage insurance is to refinance(unless homebuyer does 10% down payment).
| County Name | One-Unit (Single-Family) | Two-Unit (Duplex) | Three-Unit (Triplex) | Four-Unit (Multi-Plex) |
| ADAMS COUNTY | $787,750 | $1,008,450 | $1,219,000 | $1,514,950 |
| ALAMOSA COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| ARAPAHOE COUNTY | $787,750 | $1,008,450 | $1,219,000 | $1,514,950 |
| ARCHULETA COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| BACA COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| BENT COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| BOULDER COUNTY | $856,750 | $1,096,800 | $1,325,800 | $1,647,650 |
| BROOMFIELD COUNTY | $787,750 | $1,008,450 | $1,219,000 | $1,514,950 |
| CHAFFEE COUNTY | $600,300 | $768,500 | $928,950 | $1,154,450 |
| CHEYENNE COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| CLEAR CREEK COUNTY | $787,750 | $1,008,450 | $1,219,000 | $1,514,950 |
| CONEJOS COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| COSTILLA COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| CROWLEY COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| CUSTER COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| DELTA COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| DENVER COUNTY | $787,750 | $1,008,450 | $1,219,000 | $1,514,950 |
| DOLORES COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| DOUGLAS COUNTY | $787,750 | $1,008,450 | $1,219,000 | $1,514,950 |
| EAGLE COUNTY | $1,075,250 | $1,376,550 | $1,663,900 | $2,067,850 |
| EL PASO COUNTY | $517,500 | $662,500 | $800,800 | $995,200 |
| ELBERT COUNTY | $787,750 | $1,008,450 | $1,219,000 | $1,514,950 |
| FREMONT COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| GARFIELD COUNTY | $1,089,300 | $1,394,775 | $1,685,850 | $2,095,200 |
| GILPIN COUNTY | $787,750 | $1,008,450 | $1,219,000 | $1,514,950 |
| GRAND COUNTY | $669,300 | $856,800 | $1,035,700 | $1,287,150 |
| GUNNISON COUNTY | $519,800 | $665,450 | $804,350 | $999,600 |
| HINSDALE COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| HUERFANO COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| JACKSON COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| JEFFERSON COUNTY | $787,750 | $1,008,450 | $1,219,000 | $1,514,950 |
| KIOWA COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| KIT CARSON COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| LA PLATA COUNTY | $596,850 | $764,050 | $923,600 | $1,147,800 |
| LAKE COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| LARIMER COUNTY | $614,100 | $786,150 | $950,300 | $1,181,000 |
| LAS ANIMAS COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| LINCOLN COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| LOGAN COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| MESA COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| MINERAL COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| MOFFAT COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| MONTEZUMA COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| MONTROSE COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| MORGAN COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| OTERO COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| OURAY COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| PARK COUNTY | $787,750 | $1,008,450 | $1,219,000 | $1,514,950 |
| PHILLIPS COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| PITKIN COUNTY | $1,089,300 | $1,394,775 | $1,685,850 | $2,095,200 |
| PROWERS COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| PUEBLO COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| RIO BLANCO COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| RIO GRANDE COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| ROUTT COUNTY | $845,250 | $1,082,100 | $1,308,000 | $1,625,500 |
| SAGUACHE COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| SAN JUAN COUNTY | $506,000 | $647,750 | $783,000 | $973,100 |
| SAN MIGUEL COUNTY | $1,045,350 | $1,338,250 | $1,617,650 | $2,010,350 |
| SEDGWICK COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| SUMMIT COUNTY | $953,350 | $1,220,450 | $1,475,250 | $1,833,400 |
| TELLER COUNTY | $517,500 | $662,500 | $800,800 | $995,200 |
| WASHINGTON COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
| WELD COUNTY | $555,450 | $711,050 | $711,050 | $1,068,200 |
| YUMA COUNTY | $472,030 | $604,400 | $730,525 | $907,900 |
Additional Information
FHA Official Announcement of 2023 Loan Amount Increases
CNBC News Article
2023 Conventional Loan Limits in Colorado
Check Out Our Current FHA Rates
Difference Between FHA and Conventional