A jumbo mortgage loan is a loan whose amount exceeds the borrowing limit set by Fannie Mae and Freddie Mac for conforming loans. For the majority of counties, the current limit in Colorado is $806,500 for a single-family unit. In Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park counties the limit is $914,250. Several counties have loan limits of $989,000, and the highest limit, at $1,209,750. So if you take a mortgage with an amount that exceeds that set limit you will have taken a jumbo mortgage.
Jumbo loans are necessary for many reasons, but the biggest advantage to you as a homebuyer is that they allow you to make high-cost home purchases. It is practically impossible to finance some types of homes in certain Colorado counties. A good example is Douglas County where the average list price is $665,000. In some smaller more affluent counties like San Miguel, the average list price for a home is around $2,700,000.
Today's Colorado Mortgage Rates
30 Yr. Fixed6.250%APR 6.754%
15 Yr. Fixed5.375%APR 5.850%
30 Yr. Fixed FHA5.625%APR 6.561%
30 Yr. Fixed VA5.625%APR 6.014%
Mortgage Rates as of April, 2 2025 See All Rates | See Rate Assumptions
All Rates
Term
Rates
APR
30 Yr Fixed Conforming
6.250%
6.754%
15 Yr Fixed Conforming
5.375%
5.850%
30 Yr Fixed FHA
5.625%
6.561%
30 Yr Fixed VA
5.625%
6.014%
Rate Table Assumptions
Conventional Rates shown assume a purchase transaction.
Annual Percentage Rate (APR) calculations assume a purchase transaction of a single-family, detached, owner-occupied primary residence; a loan-to-value ratio of less than or equal to 95%; a minimum FICO score of 760, lock days at 30.
Term
Loan Amount
LTV
Points
30yr Fixed
$351,000
95.0%
1
15yr Fixed
$351,000
95.0%
1
30yr Jumbo
$750,000
75.0%
1
30yr FHA
$275,000
96.5%
1
30yr VA
$300,000
100.0%
1
Rates may be higher for loan amounts under $351,000. Please call for details.
Rates are subject to change without notice.
Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
Subject to underwriter approval; not all applicants will be approved.
Fees and charges apply.
Payments do not include taxes and insurance.
Rates based on information gathered from OptimalBlue.
Mortgage insurance is not included in the payment quoted. Mortgage insurance will be required for all FHA and USDA loans as well as conventional loans where the loan to value is greater than 80%.
Restrictions may apply. Ask for details.
Moreira Team | MortgageRight is an Equal Opportunity Lender
“Rate Over X%” Assumptions
Rates shown assume a refinance transaction.
Annual Percentage Rate (APR) calculations assume a purchase transaction of a single-family, detached, owner-occupied primary residence; a loan-to-value of 75%; a minimum FICO score of 740; a Loan Term of 360 months; and a loan amount of $300,000 for conforming loans.
Rates may be higher for loan amounts under $275,000. Please call for details.
Rates are subject to change without notice.
Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
Subject to underwriter approval; not all applicants will be approved.
Fees and charges apply.
Payments do not include taxes and insurance.
Rates based on information gathered from OptimalBlue.
Mortgage insurance is not included in the payment quoted. Mortgage insurance will be required for all FHA and USDA loans as well as conventional loans where the loan to value is greater than 80%.
Restrictions may apply.
Moreira Team | MortgageRight is an Equal Opportunity Lender
The high value of a Colorado jumbo loan makes it riskier from the perspective of the lender. That is why you may face stringent qualification requirements compared to when you are applying for a conventional or government backed mortgage. For instance, 20% down payment is a common requirement, but some Colorado lenders can go as low as 10% or 15% down as long as you have sufficient income and assets. Another common requirement is a credit score of at least 680.
There is a special program for interest only jumbo loans as well. This amazing mortgage program is specifically designed for high-value properties, allowing borrowers to make interest-only payments for the first 10 years before transitioning to principal and interest payments for the remaining 30 years. This means lower initial monthly payments, which makes buying a larger, more expensive home a lot more accessible.
The more strict qualification standards doesn’t necessarily mean you can’t qualify for a Colorado jumbo loan with ease. If you have a good real estate company behind you, the whole process becomes much easier. In case you need help with your jumbo mortgage loan don’t look any further than Moreira Team.