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Conforming Loan Limits for 2022 in Summit County, CO

money relating to conforming loan limits

There’s been a lot of news about the increase in the conforming loan limits for 2022. The new loan limits range from $647,200 to $970,800. A conforming loan means it will be backed by the government entities, Fannie Mae or Freddie Mac. That backing makes loans easier to get and generally you will have lower interest rates. When buyers move up into luxury properties, that backing is no longer available. With the intense appreciation we have seen across the country during the pandemic the conforming loan limits needed to increase.

Conforming loan limits by county

The actual conforming loan limits for 2022 vary based on the area you are in. Generally, the new limit is $647,200. However, if the property is in an area with higher priced homes, that limit can be increased. It is set by county. Summit County’s conforming loan limit for 2022 is $822,375. That’s the same as it was for 2021. No changes here. If you are curious about conforming loan limits in other counties, check out this map on the FHFA website.

Jumbo loans

If the amount you would like to borrow is above the $822,375 limit, don’t fret, you can still get a loan. Lenders in Summit County have been doing loans above the conforming loan limit for years. There are a lot of great lenders here that can get it done for you while offering very competitive rates. If you’re considering buying or refinancing, check out some of the local lenders we like.

Posted in: Buyer Tips Tagged: Mortgage

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About Us

Mountain Living Real Estate, a.k.a. The Mountain Living Team, is a family owned, second generation, real estate company that has been helping buyers and sellers in Summit County since the early 90’s.  Mountain Living Real Estate is committed to going above and beyond to ensure their clients have the most amazing real estate experience possible.  Jason & Meredith take a personal approach to educate their clients, empowering them to make high quality decisions no matter the situation.  They take exceptional care throughout the sales process and beyond; striving to make each client’s path in Summit County one filled with fun, excitement & great memories.

Work with Mountain Living Real Estate and you’ll understand why so many people say, “We Love Mountain Living!”

Testimonials

Jason used amazing strategy for pricing, selling and acquisition of our next property. In this market this strategy is critical for success – especially with the buying process.

Summit County real estate is a challenging market. We have bought and sold two properties and just bought our third. Jason and Meredith have been there for us throughout this entire journey, and we couldn’t be more satisfied. Jason and Meredith have excellent communication, are realistic and honest, and have incorporated strategy and wisdom from their extensive Summit County experience to help us make our dreams come true.

Ben from Centennial February 2, 2022

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You were very knowledgeable and supportive during this transaction. I was most impressed with your calmness and smart decision making during a chaotic process. Thank you again for your calmness during all of this.

Barbara from Centennial January 24, 2022

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Contact Us


Jason and Meredith Adams

Jason & Meredith Adams
Mountain Living Real Estate

101 Main St, #109, PO Box 4115 Frisco, CO 80443

(888) 666-0844
team@mountain-living.com

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Jason & Meredith Adams are both licensed to sell real estate in the state of Colorado

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