New Jumbo Loan Limits by State

Jumbo mortgage loan limits will soon be reduced in the country’s higher-priced housing markets. The change comes Oct. 1, but affected borrowers should apply weeks before then.

If you would benefit from refinancing a mortgage of more than $417,000, the reduced jumbo loan limits might apply to you. If you plan to buy a home soon and need to borrow more than $417,000, the changes might affect you as well.

In most (but not all) U.S. counties, any mortgage of more than $417,000 is a jumbo loan — and jumbo mortgages have higher interest rates than smaller loans. In roughly 275 counties with high home prices, borrowers are able to get mortgages for more than $417,000, but without paying the higher jumbo interest rates.

These high-cost counties still have loan limits, and the limits vary by county. Click on your state in this map to display a chart that lists these higher-cost counties. The chart lists the county’s current loan limit and the new limit starting Oct. 1.

If a county’s name is not listed, then the limit is $417,000 and will remain $417,000.

Click here for  Colorado

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