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December 23, 2024

updated: 2025 loan limits

Effective for new locks made on or after January 6, 2025, use the lower of $806,500 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 (subject to applicable insurer, guarantor, or investor guidelines).

Here are two examples to help clarify which of the lower limits to use:

County

2025 FHA

Loan Limit

FHA Loan Limit

Plus MIP

CHFA Total Loan Limit

Maximum

Denver

$833,750.00

$848,340.63

$806,500.00

El Paso

$533,600.00

$542,938.00

$542,938.00

HomeConnectionsm has been updated and will not allow a lock that exceeds the CHFA Total Loan Limit Maximum. Loans locked prior to January 6, 2025, may not be edited to take advantage of the new loan limits.

Note: These changes only relate to CHFA total loan limit maximums. Income limits have not changed.

Additionally, the CHFA FirstStepsm and CHFA FirstGenerationsm programs have purchase price limits. Purchase price limits have not changed, and CHFA total loan limit maximums may never exceed purchase price limits.

Income and purchase price limits may be announced with a subsequent eNews in late spring or early summer 2025.

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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