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Denver Low Down Payment Jumbo Loans

This page updated and accurate as of February 3, 2023 Jumbo Mortgage Source

Jumbo Loan Denver Requirements 2022When financing a higher-priced home in Denver, a jumbo loan can be the ideal fit for your needs. Jumbo programs today allow for lower down payments, more flexibility with lower rates, and a variety of terms.  A jumbo mortgage is a home loan that exceeds the conventional conforming limit set by Fannie Mae and Freddie Mac for a single-unit property.

In Colorado, the majority of counties are limited to $726,200 and with some higher-cost counties like Boulder, Garfield, Pitkin, and Lake that can go as high as $1,089,300. In Arapahoe County, the current conventional loan limit is $787,750.

See the complete list of Colorado Conforming Loan Limits in the chart below. *FHA loan limits are set at 65% of the conforming loan limit and can vary by county. VA limits follow the conforming loan limit above. Additionally, VA jumbo loans can be obtained for eligible Veterans that require a high balance mortgage of up to $4mil. Read more about VA high balance loans here.

* High-Cost locations are areas in which 115% of the local median home value exceeds the baseline conforming loan limit. The maximum limit is 150% of the conforming loan limit.

According to Zillow, the average home price in the Denver area is now approaching $623,000, this represents a 7% increase year over year.

Denver Jumbo Loan Application, Terms & Pre-Approval:

Obtaining a jumbo loan is a process much like other conventional or FHA loans. Borrowers will need to submit a standard application which can be done over the phone or online. Documentation of income and assets is required for all the Jumbo programs, please read the Jumbo Purchase Page above for more details.

Qualified buyers will have a variety of options including traditional 20% down programs, along with higher loan-to-value programs of up to 90% and even 95% depending on the loan amount. Please read more about the down payment and loan limits for each program on the home page.

Jumbo Loan Down Payment DenverHomebuyers can also choose from an assortment of term options. All programs are fully amortized and require standard principal and interest payments.  The most popular choice in today’s marketplace due to the low-interest environment is fixed-rate loans.

A fixed-rate is a loan where the interest rate never changes throughout the life of the loan and is typically the preferred choice when mortgage interest rates are at relative lows.

Most jumbo lenders provide fixed-rate loan terms ranging from 10- 30 years in five-year increments. This means you can often select a 10, 15, 20, 25 or 30-year term. Which term is better? The longer the term, the lower the monthly payment. However, the buyer will pay more in long-term interest with the longer term. The 30-year fix rate loan is perhaps the most popular choice with the 15-year fixed the second. The 30-year loan increases purchasing power due to the longer term.

When selecting a loan term, buyers should find the ideal balance with a comfortable monthly payment that pays the lowest amount of interest possible.

A hybrid loan is an adjustable-rate mortgage or an “ARM” that is fixed for an initial period of 3, 5, 7 or 10 years. These loans are written as 3/1, 5/1, 7/1 and 10/1. At the end of the initial fixed term, the loan then turns into a mortgage that can adjust annually for the rest of the loan term. The advantage a hybrid has over a fixed rate is the lower initial interest rate. For example, a 30-year fixed interest rate jumbo loan might have a rate of 5% yet a 7/1 hybrid might be at 4% for the first five years.

For buyers that do not anticipate owning the property before the loan adjusts, an ARM can provide a lower monthly payment compared to the fixed. If someone isn’t sure and rates are at relative lows, a fixed rate option is the more prudent choice. Early termination or “prepayment” penalties are not required for 90% of programs. Borrowers can move, sell or refinance anytime they choose.

Buyers that want to learn more about any of the low down payment Jumbo programs can call the number above or just fill out the Quick Contact Form on this page.  Serving all buyers in Colorado, including Denver, Colorado Springs, Arapahoe, Jefferson, Adams and El Paso County, We are available 7 days a week to serve you.

COUNTYONE-UNITTWO-UNITTHREE-UNITFOUR-UNIT
ADAMS COUNTY $           787,750 $                1,008,450 $              1,219,000 $           1,514,950
ALAMOSA COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
ARAPAHOE COUNTY $           787,750 $                1,008,450 $              1,219,000 $           1,514,950
ARCHULETA COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
BACA COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
BENT COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
BOULDER COUNTY $           856,750 $                1,096,800 $              1,325,800 $           1,647,650
BROOMFIELD COUNTY $           787,750 $                1,008,450 $              1,219,000 $           1,514,950
CHAFFEE COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
CHEYENNE COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
CLEAR CREEK COUNTY $           787,750 $                1,008,450 $              1,219,000 $           1,514,950
CONEJOS COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
COSTILLA COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
CROWLEY COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
CUSTER COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
DELTA COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
DENVER COUNTY $           787,750 $                1,008,450 $              1,219,000 $           1,514,950
DOLORES COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
DOUGLAS COUNTY $           787,750 $                1,008,450 $              1,219,000 $           1,514,950
EAGLE COUNTY $        1,075,250 $                1,376,550 $              1,663,900 $           2,067,850
ELBERT COUNTY $           787,750 $                1,008,450 $              1,219,000 $           1,514,950
EL PASO COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
FREMONT COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
GARFIELD COUNTY $           948,750 $                1,214,600 $              1,468,150 $           1,824,550
GILPIN COUNTY $           787,750 $                1,008,450 $              1,219,000 $           1,514,950
GRAND COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
GUNNISON COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
HINSDALE COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
HUERFANO COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
JACKSON COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
JEFFERSON COUNTY $           787,750 $                1,008,450 $              1,219,000 $           1,514,950
KIOWA COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
KIT CARSON COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
LAKE COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
LA PLATA COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
LARIMER COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
LAS ANIMAS COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
LINCOLN COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
LOGAN COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
MESA COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
MINERAL COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
MOFFAT COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
MONTEZUMA COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
MONTROSE COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
MORGAN COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
OTERO COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
OURAY COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
PARK COUNTY $           787,750 $                1,008,450 $              1,219,000 $           1,514,950
PHILLIPS COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
PITKIN COUNTY $           948,750 $                1,214,600 $              1,468,150 $           1,824,550
PROWERS COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
PUEBLO COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
RIO BLANCO COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
RIO GRANDE COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
ROUTT COUNTY $           845,250 $                1,082,100 $              1,308,000 $           1,625,500
SAGUACHE COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
SAN JUAN COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
SAN MIGUEL COUNTY $           862,500 $                1,104,150 $              1,334,700 $           1,658,700
SEDGWICK COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
SUMMIT COUNTY $           953,350 $                1,220,450 $              1,475,250 $           1,833,400
TELLER COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
WASHINGTON COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
WELD COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800
YUMA COUNTY $           726,200 $                   929,850 $              1,123,900 $           1,396,800

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