Skip to content

Federal housing agency releases mortgage loan limit caps for Longmont

Here’s a look at the maximum conforming loan limits for communities across the country, including Longmont and surrounding areas.
House Sold Sign
Stock image

The Federal Housing Finance Agency announced Tuesday conforming loan limit values for 2023 in all U.S. counties, including Boulder and Weld.

The conforming loan limit is the maximum mortgage amount that Fannie Mae and Freddie Mac will purchase or guarantee. 

In most of the country, the 2023 limit value for one-unit properties will be $726,200, an increase of $79,000 from $647,200 this year, the federal agency said in a news release.

The conforming home limit for Boulder, Weld and most nearby counties — including Broomfield, Adams, Arapahoe, Denver and Jefferson — is $726,200, the agency said.

In a newsletter, Boulder Planet Home Lending explained that some Colorado counties are eligible for higher loan amounts because of increased median home prices. Weld and most neighboring counties are among that list, at a loan limit of $787,750. Boulder County, however, is higher — at $856,750, the mortgage company said.

Those high-balance conforming loans can allow buyers a lower down payment (even down to 5%), qualification for a larger loan, approval with a lower credit score and other benefits, the company said.

Amber Fisher

About the Author: Amber Fisher

I'm thrilled to be an assistant editor with the Longmont Leader after spending the past decade reporting for news outlets across North America. When I'm not writing, you can find me snowboarding, reading fiction and running (poorly).
Read more