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Summary: FHA loan limits for 2020 for Colorado has recently been released. What are these new numbers, and how do they affect you? This article will address these questions.
Every year, the Department of Housing and Urban Development (HUD) establishes new FHA loan limits for Colorado. Below, you will find the 2020 FHA loan limits for all counties in Colorado for all types of properties. Thanks to an increase in median home prices across the state throughout the year, these loan limits have been increased for 2020.
Colorado FHA Loan Limits 2020
Note: In the table below, a “1-unit” property refers to a single-family home, a “2-unit” property refers to duplexes with two units, a “3-unit” property refers to a triplex, and a “4-unit” property refers to a multi-family complex. If you are buying a single-family home, refer to the one-family column below.
| County Name | 1-Unit | 2-Unit | 3-Unit | 4-Unit |
| ADAMS | $575,000 | $736,100 | $889,800 | $1,105,800 |
| ALAMOSA | $331,760 | $424,800 | $513,450 | $638,100 |
| ARAPAHOE | $575,000 | $736,100 | $889,800 | $1,105,800 |
| ARCHULETA | $331,760 | $424,800 | $513,450 | $638,100 |
| BACA | $331,760 | $424,800 | $513,450 | $638,100 |
| BENT | $331,760 | $424,800 | $513,450 | $638,100 |
| BOULDER | $644,000 | $824,450 | $996,550 | $1,238,500 |
| BROOMFIELD | $575,000 | $736,100 | $889,800 | $1,105,800 |
| CHAFFEE | $369,150 | $472,550 | $571,250 | $709,900 |
| CHEYENNE | $331,760 | $424,800 | $513,450 | $638,100 |
| CLEAR CREEK | $575,000 | $736,100 | $889,800 | $1,105,800 |
| CONEJOS | $331,760 | $424,800 | $513,450 | $638,100 |
| COSTILLA | $331,760 | $424,800 | $513,450 | $638,100 |
| CROWLEY | $331,760 | $424,800 | $513,450 | $638,100 |
| CUSTER | $331,760 | $424,800 | $513,450 | $638,100 |
| DELTA | $331,760 | $424,800 | $513,450 | $638,100 |
| DENVER | $575,000 | $736,100 | $889,800 | $1,105,800 |
| DOLORES | $331,760 | $424,800 | $513,450 | $638,100 |
| DOUGLAS | $575,000 | $736,100 | $889,800 | $1,105,800 |
| EAGLE | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| EL PASO | $356,500 | $456,350 | $551,650 | $685,550 |
| ELBERT | $575,000 | $736,100 | $889,800 | $1,105,800 |
| FREMONT | $331,760 | $424,800 | $513,450 | $638,100 |
| GARFIELD | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| GILPIN | $575,000 | $736,100 | $889,800 | $1,105,800 |
| GRAND | $473,800 | $606,550 | $733,150 | $911,150 |
| GUNNISON | $371,450 | $475,500 | $574,800 | $714,350 |
| HINSDALE | $427,800 | $547,650 | $662,000 | $822,700 |
| HUERFANO | $331,760 | $424,800 | $513,450 | $638,100 |
| JACKSON | $331,760 | $424,800 | $513,450 | $638,100 |
| JEFFERSON | $575,000 | $736,100 | $889,800 | $1,105,800 |
| KIOWA | $331,760 | $424,800 | $513,450 | $638,100 |
| KIT CARSON | $331,760 | $424,800 | $513,450 | $638,100 |
| LA PLATA | $422,050 | $540,300 | $653,100 | $811,650 |
| LAKE | $331,760 | $424,800 | $513,450 | $638,100 |
| LARIMER | $454,250 | $581,500 | $702,900 | $873,550 |
| LAS ANIMAS | $331,760 | $424,800 | $513,450 | $638,100 |
| LINCOLN | $331,760 | $424,800 | $513,450 | $638,100 |
| LOGAN | $331,760 | $424,800 | $513,450 | $638,100 |
| MESA | $331,760 | $424,800 | $513,450 | $638,100 |
| MINERAL | $331,760 | $424,800 | $513,450 | $638,100 |
| MOFFAT | $331,760 | $424,800 | $513,450 | $638,100 |
| MONTEZUMA | $331,760 | $424,800 | $513,450 | $638,100 |
| MONTROSE | $425,500 | $544,700 | $658,450 | $818,250 |
| MORGAN | $331,760 | $424,800 | $513,450 | $638,100 |
| OTERO | $331,760 | $424,800 | $513,450 | $638,100 |
| OURAY | $425,500 | $544,700 | $658,450 | $818,250 |
| PARK | $575,000 | $736,100 | $889,800 | $1,105,800 |
| PHILLIPS | $331,760 | $424,800 | $513,450 | $638,100 |
| PITKIN | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
Live Colorado Mortgage Rates Nov, 26, Thu, 2020
Increase in Home Prices Brings Higher Loan Limits
The Department of Housing and Urban Development (FHA) assesses the FHA loan limits for counties across the US and compares them to median home prices. The limits are typically increased every year to reflect an increase in home prices. This is exactly what happened throughout 2019 with FHA loan limits in Colorado.
In December 2019, the HUD announced that Colorado FHA loan limits would be increasing for 2019.
These changes reflect home-price gains that took place across the state throughout 2019. Property values in Colorado have been increasing at a healthy pace over the years. From December 2019 to December 2020, the price of homes in Colorado increased 3.9%, and as such, loan limits have increased. for 2020.
Want to Apply for the Program?
The FHA loan program is designed to be easier for borrowers to get approved for thanks to its lower minimum credit score required and the low down payment option of only 3.5%. This Colorado FHA loan program is particularly popular with first-time buyers who don’t have the funds needed for a larger down payment.
If you’re in the market for an FHA home loan in Colorado in 2020, or if you have questions regarding FHA loan limits in Colorado, please contact us today. We can help you select the appropriate loan type for your specific needs.
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Sammamish Mortgage is a local mortgage company serving the broader Pacific Northwest region, including Washington state, Idaho, Colorado, and Oregon. We are proud to offer a wide variety of mortgage programs and products with flexible qualification criteria. Please contact us if you have any questions or are ready to apply for a home loan.