Fannie Mae and Freddie Mac have announced that the loan limits for the Metro Denver counties will remain the same in 2014. Here are the limits for 2014:
- One unit = $417,000
- Two units = $533,850
- Three units = $645,300
- Four units = $801,950
If the loan amount is at or below the limits listed above, then the loan amount conforms to the Fannie Mae and Freddie Mac guidelines, and the interest rate will be cheaper than it would be for a jumbo loan (a loan amount greater than the limits listed above).
Does your lender sell directly to Fannie Mae like we do, or do they have lender overlays that prevent loans from being approved?
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