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Conforming Loan Limits have increased for 2019

December 10th, 2018 9:40 AM by Kenneth E Morley

Good News---Conforming loan limits have increased for 2019! In the Denver Metro area the limit has increased from $453,100 to $484,350 for a primary single family residence.This opens up numerous programs, such as 3% down, gift funds for down payment, non-occupying co-applicants, etc. up to this new loan amount. Provided you qualify, for example you can now purchase a home for $499,300 with just 3% down where as before you were limited to $467,100. This could also open up opportunities for refinancing if you used the combination of a first and second mortgage to purchase your home in the last few years. Being as we are so close to the new year most of our lenders are already allowing the higher loan amounts. Please give us a call at (303) 650-9400 for further details.
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Posted by Kenneth E Morley on December 10th, 2018 9:40 AM