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Fort Collins 2024 Conforming Loan Limits

Jason Kauffman | May 20, 2024

Conforming Loan Limit: $766,550
FHA Loan Limit: $632,500

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.

Below are loan limits for FHA and Conventional financing in the Fort Collins area. We’ve detailed both Conventional and FHA loan limits. It’s important to draw a distinction because the Conventional loan limits are significantly higher.

  • Conventional Standard Loan Limits
    • 1-unit: $766,550
    • 2-unit: $981,500
    • 3-unit: $1,186,350
    • 4-unit: $1,474,400
  • FHA Loan Limits
    • 1-unit: $632,500
    • 2-unit: $809,700
    • 3-unit: $978,750
    • 4-unit: $1,216,350

Why did the loan limits go up in 2024?

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

Jason Blog Bio

Jason Kauffman

Jason Kauffman is one of the owners of Uptown Mortgage and a licensed mortgage originator. He is a veteran in the mortgage industry with over 20 years of experience helping people get financing on their homes. The same experience that he brings to his clients is what he brings to the mortgage content that he produces. His goal is to help educate current and prospective homeowners on subjects that are relevant to the homebuying process.

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