January 6, 2023

loan limits: new limits effective monday, january 9, 2023

Effective for new locks* made on or after January 9, 2023, use the lower of $726,200 or the applicable program loan limit determined by FHA, VA, USDA-RD, Fannie Mae, or Freddie Mac^®, plus financed MI, MIP, VA Funding Fee, USDA-RD Guarantee Fee, or 203(k) rehab funds, as applicable.

Here are two examples to help clarify:

County

2023 FHA

Loan Limit

FHA Loan Limit

Plus MIP

CHFA Total Loan Limit

Maximum

Denver

$787,750.00

$801,535.63

$726,200.00

El Paso

$517,500.00

$526,556.25

The CHFA FirstStep^sm Programs have purchase price limits. Purchase price limits have not changed. Please keep in mind that loan limits may never exceed purchase price limits.

* Existing locks may not be edited to take advantage of the new loan limits.

Please contact us with any questions.

CHFA Home Finance
Homeownership@chfainfo.com
303.297.7376 or 888.320.3688 Denver
970.241.2341 or 800.877.8450 Western Slope

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