Colorado VA Jumbo Loans: Everything You Need to KnowThe VA home loan program is one of the most exciting benefits available to active and retired military personnel. VA loans allow these individuals to secure mortgage financing with zero down payment and no Private Mortgage Insurance (PMI). In addition to the VA loan, the Department of Veterans Affairs also offers VA jumbo loans.

VA Loan vs VA Jumbo Loan

Conventional VA loans and VA jumbo loans are very similar, the one distinct difference is the loan amount. A conventional VA loan allows a borrower to take out a loan up to a certain limit, in most counties that limit is $424,100. In some higher priced counties, the conventional VA loan limit can be as high as $636,150. Those who opt for a VA jumbo loan, must make a down payment of 25% of the loan amount that exceeds the VA loan limit in their county. If for example, a military family in Gunnison County purchases a home for $524,00, they will only have to make a down payment of $25,000, far less than the down payment required for a conventional home loan on the same amount.

VA Jumbo Loans CO

There are 20 counties in Colorado with higher than average VA loan limits. If you are considering applying for a VA loan in any of the following counties, keep in mind that the VA jumbo loan threshold is higher. 

County Name

One Unit

Two Units

Three Units

Four Units

Adams

$493,350

$631,550

$763,450

$948,750

Arapahoe

$493,350

$631,550

$763,450

$948,750

Boulder

$529,000

$677,200

$818,600

$1,017,300

Broomfield

$493,350

$631,550

$763,450

$948,750

Clear Creek

$493,350

$631,550

$763,450

$948,750

Denver

$493,350

$631,550

$763,450

$948,750

Douglas

$493,350

$631,550

$763,450

$948,750

Eagle

$636,150

$814,500

$984,525

$1,223,475

Elbert

$493,350

$631,550

$763,450

$948,750

Garfield

$636,150

$814,500

$984,525

$1,223,475

Gilpin

$493,350

$631,550

$763,450

$948,750

Hinsdale

$427,800

$547,650

$662,000

$822,700

Jefferson

$493,350

$631,550

$763,450

$948,750

Lake

$636,150

$800,775

$967,950

$1,202,925

Ouray

$625,500

$544,700

$658,450

$818,250

Park

$493,350

$631,550

$763,450

$948,750

Pitkin

$636,150

$814,500

$984,525

$1,223,475

Routt

$625,500

$800,775

$967,950

$1,202,925

San Miguel

$625,500

$800,775

$967,950

$1,202,925

Summit

$625,500

$800,775

$967,950

$1,202,925

Apply Today!

If you, or your spouse, are active or retired military, you are likely eligible for a VA home loan. Whether you’re interested in a VA jumbo loan or a conventional VA loan, we encourage you to get started today.  With VA loan limits on the rise, and the Colorado real estate market booming, there is no better time than the present to secure VA home loan funding. We encourage you to schedule your free consultation today. At Banner Mortgage, we have extensive experience with VA loans and VA jumbo loans. Allow us to put our expertise to work for you!