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New Conforming Loan Limits in Summit County for 2021

Conforming Loan Limits are going up

Conforming loan limits are set by the federal government and can impact the loan products, requirements and rates that are available from your local mortgage brokers and lenders. If your mortgage amount is higher than the conforming loan limit, it will be a jumbo loan and can have different requirements and interest rates. For example, at the beginning of the pandemic, jumbo loans had limited availability and were harder to get. That has since gotten back to normal.

The Federal Housing Finance Agency (FHFA) just released new conforming loan limits across the country for 2021. Conforming loan limits have to increase to keep up with rising housing prices. However, not all areas across the county are equal when it comes to the price of a home. Some areas have very expensive housing. while others are much more affordable. Summit County is one of the counties with above average housing prices and, as a result, benefits from having even higher conforming loan limits.

Conforming Loan Limits for 2021

Most areas across the county will have a new conforming loan limit of $548,250. Several Colorado counties qualify for those higher conforming loan limits including Summit County. The new conforming loan limit in Summit County for 2021 will be $822,375. To look at conforming loan limits for other counties across the US, check out the FHFA conforming loan limit map. Hover over a county and see the exact conforming loan limit for that county.

Local Mortgage Information

If you are interested in talking to a local mortgage provider about Summit County home mortgages, choose from some of our recommended local lenders,

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

We were most impressed with their team work and insights. We enjoy working with Jason & Meredith. We trust them and know we can count on them. This is our 6th transaction with Mountain-Living!

David from Evergreen June 16, 2022

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Brad was most impressed with Jason for his honesty. He could think of nothing that he should or could have done to make the transaction better.

Brad from KS May 3, 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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