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UPDATE: Dec 2021 FHFA announced updated limits of $647,250 - https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

Great news! Loan limits are going up and up for 2022. For 2021, the loan limit in Colorado Springs on single-family homes is $548,250. In 2022, it’s jumping up by $76,000 to roughly $625,000. That means in El Paso County, the conforming loan limits will be $625,000, and anything over that would be considered a jumbo loan.

For two-unit houses, that limit will be $800,000. A three-unit will be $967,000, and a four-plex (assuming you live in one of them) will be $1.2 million. This is all fantastic information going into 2022. A little note: For the next few months we’re at that 2021 limit, but you can submit loans now under the new limit and still get normal pricing. 

If you have any questions or mortgage needs, feel free to give us a call. We’d love to help.

Learn more here: https://www.719lending.com/loan-limits-are-through-the-roof

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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719 Lending Inc.
104 S Cascade Ave, Ste. 201
Colorado Springs, CO 80903
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“This blog / video is intended to be viewed for informational purposes only. The content contained herein is not guaranteed or endorsed by 719 Lending, Inc., or any company mentioned, nor is this content meant to be an offer of credit. The information contained in this video may not be wholly or at all applicable to every situation or jurisdiction. You are strongly encouraged to consult your professional mortgage advisor before acting upon any information in this video. Equal Housing Opportunity. Colorado Mortgage Broker NMLS # 1601989”