Denver Metro 2024 Conforming Loan Limits

Jason Kauffman | May 20, 2024

2024 Conforming High-Balance Loan Limit: $816,500
2024 FHA High-Balance Loan Limit: $816,500

How are loan limits established?

The Federal Housing Finance Agency (FHFA) sets the loan limits for conforming mortgages each year. These limits dictate the maximum loan size that Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs), can purchase. FHA loan limits are influenced by the FHFA loan limits, but there isn’t a direct correlation.

In the Denver-Metro area, all the counties have been combined into a broader metro region that has a singular set of loan limits. Also, because the Denver metro area housing costs that are significantly higher than the national average, the FHFA established higher loan limits, known as “high-balance” or “high-cost” area limits. This practice is intended to ensure that conventional mortgage financing remains accessible and affordable in these areas. FHA mortgage also have high balance limits in the metro area for the same reasons.

Below are loan limits for FHA and Conventional financing in the Denver metro area. We’ve detailed both the regular conforming and high-balance limits for the area. It’s important to draw a distinction because high-balance Conventional financing tends to have higher rates than Conventional loans under the regular non-high-balance loan limits.

• Conventional Standard Loan Limits
  • 1-unit: $766,550
  • 2-unit: $981,500
  • 3-unit: $1,186,350
  • 4-unit: $1,474,400
• Conventional High-Balance Loan Limits
  • 1-unit: $816,500
  • 2-unit: $1,045,250
  • 3-unit: $1,263,500
  • 4-unit: $1,570,200
• FHA High-Balance Loan Limits
  • 1-unit: $816,500
  • 2-unit: $1,045,250
  • 3-unit: $1,263,500
  • 4-unit: $1,570,200

Why did the loan limits go up in 2024?

Loan limits in the Denver metro area have been steadily on the rise over the recent past due to the increases in home prices in the area. It’s possible the FHFA could hold off on increasing the loan limits in 2025 if the housing prices stabilize in the Denver metro area.