There has been a lot of discussion about the new loan limits that were recently announced for conforming, FHA, and VA loans. I want to break through all of the noise and let you know what that means for us in Colorado Springs. The new loan limits for our county are $510,400 for conventional loans, $356,500 for FHA loans, and $1,200,000 for VA loans. Those are up by 5.3%, 5%, and 247%, respectively. Not all lenders will offer that $1,200,000 VA loan, but it means that the VA is allowing it.
Learn more here: https://www.719lending.com/have-you-heard-about-the-new-loan-limits
719 Lending is a premier southern Colorado Mortgage Broker. We believe in being transparent, friendly and 100% honest. For the best mortgage experience combined with incredible rates, contact us today.
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Tim Chase
108 E St Vrain #10
Colorado Springs CO 80903
(719) 231-4893
tchase@719lending.com
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