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Denver 95% Jumbo Financing Programs Revised

This page updated and accurate as of December 31, 2024

Denver 95 percent jumbo

Many Denver home buyers today require higher loan amounts, not offered through FHA or Conventional mortgage programs. Additionally, many of these buyers do not have the 20% down payment required by most lenders and banks for their jumbo loans.

Qualified buyers in Colorado now have new Jumbo financing solutions up to 95% loan-to-value. The jumbo financing options offer both fixed interest rates and arms with no private mortgage insurance.

The new jumbo loan program is targeted at borrowers in higher-cost locations like Denver, Aspen, Vail, Colorado Springs, and Boulder who want to limit their down payment to 5% of the purchase price. The minimum loan amount for the new program is $806,500 and the maximum is $5,500,0000 for higher down payments.

A jumbo mortgage is only required when the final mortgage amount exceeds the regular conventional loan limit imposed by FHFA. These conforming loan limits do vary based on the county, and also the number of unit. But for most counties surrounding Denver like Adams, Jefferson, Boulder, Arapahoe  – the standard conforming loan limits are limited to $816,500+ for a single 1-unit property.  See the complete county list for Colorado below.

The revised jumbo programs are available to qualified applicants in all states with a credit score of at least 680. The applicants should also have some saving reserves and debt-to-income ratio requirements, we will discuss below.

  • Zero PMI, or mortgage insurance on 95% jumbo financing  (save up to $500 a month PMI)
  • 95% financing to $2,000,000 (depending on location) with no PMI. Credit scores should be 680. Choose from 1 single loan or an 80/15/5 combo mortgage. Great for higher-cost areas around Denver.
  • Great for refinancing existing high-cost loans and getting rid of your current mortgage insurance
  • Purchase with only a 5% down payment – great for doctors, physicians, attorneys, and other professionals who have the income but lack a large down payment.
  • 2/1 and 3/2/1 interest rate buy down options.
  • Reduced closing costs option available
  • The 95% jumbo is for owner-occupied, purchase, and rate-term transactions. Financing is available for 1 Unit Single Family Residences, Attached or Detached Housing, and select condos. Second homes are also eligible.
  • Other jumbo financing options are available for investment properties. Most of these programs will require at least a 20% down payment.
  • Smaller non-jumbo conventional loans can still be offered up to $806,500 with a minimum score of 620.

Low Down Payment Jumbo LoanWhy choose a low-down-payment Jumbo in Denver?

There are a few reasons why a home buyer may want to only put down 5%  – even if they have a higher down payment:

  • No large down payment due to a pending sale of current residence – while the real estate market has slowed just a bit in recent years, some homes may take longer to sell. If you are looking to move forward with a new purchase before your existing home sells, this may be a good option.
  • Retain savings in higher-yield investments – check with your financial advisor, but sometimes it makes sense to put less down and keep your money working for you.
  • Home Improvements, etc – Some houses need updating; by only putting down 5%, you can save the rest of your money for needed remodeling, new decor, or other improvements.

Please note the following options for Denver buyers that have 10% + down payment

  • Second homes / vacation homes are permitted with a 10% down payment.
  • 90% Loan to Value:  Up to $3,000,000 with a 700+ credit score.
  • Special Bank Statement jumbo programs for self-employed buyers.
  • 85% Loan to Value: Up to $3,500,000 with 720+ credit score.

Ready to get started? Please connect with us today by simply submitting the Info Request Form on this page.  Serving Colorado:  Denver, Colorado Springs, Aurora, Fort Collins, Pueblo, Boulder.

 

COUNTYSTATE1-UNIT 2-UNIT 3-UNIT 4-UNIT
ADAMS COUNTYCO $         833,750 $      1,067,350 $      1,290,200 $      1,603,400
ALAMOSA COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
ARAPAHOE COUNTYCO $         833,750 $      1,067,350 $      1,290,200 $      1,603,400
ARCHULETA COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
BACA COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
BENT COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
BOULDER COUNTYCO $         862,500 $      1,104,150 $      1,334,700 $      1,658,700
BROOMFIELD COUNTYCO $         833,750 $      1,067,350 $      1,290,200 $      1,603,400
CHAFFEE COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
CHEYENNE COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
CLEAR CREEK COUNTYCO $         833,750 $      1,067,350 $      1,290,200 $      1,603,400
CONEJOS COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
COSTILLA COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
CROWLEY COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
CUSTER COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
DELTA COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
DENVER COUNTYCO $         833,750 $      1,067,350 $      1,290,200 $      1,603,400
DOLORES COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
DOUGLAS COUNTYCO $         833,750 $      1,067,350 $      1,290,200 $      1,603,400
EAGLE COUNTYCO $      1,209,750 $      1,548,975 $      1,872,225 $      2,326,875
ELBERT COUNTYCO $         833,750 $      1,067,350 $      1,290,200 $      1,603,400
EL PASO COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
FREMONT COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
GARFIELD COUNTYCO $      1,209,750 $      1,548,975 $      1,872,225 $      2,326,875
GILPIN COUNTYCO $         833,750 $      1,067,350 $      1,290,200 $      1,603,400
GRAND COUNTYCO $         874,000 $      1,118,900 $      1,352,450 $      1,680,800
GUNNISON COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
HINSDALE COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
HUERFANO COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
JACKSON COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
JEFFERSON COUNTYCO $         833,750 $      1,067,350 $      1,290,200 $      1,603,400
KIOWA COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
KIT CARSON COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
LAKE COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
LA PLATA COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
LARIMER COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
LAS ANIMAS COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
LINCOLN COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
LOGAN COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
MESA COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
MINERAL COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
MOFFAT COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
MONTEZUMA COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
MONTROSE COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
MORGAN COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
OTERO COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
OURAY COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
PARK COUNTYCO $         833,750 $      1,067,350 $      1,290,200 $      1,603,400
PHILLIPS COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
PITKIN COUNTYCO $      1,209,750 $      1,548,975 $      1,872,225 $      2,326,875
PROWERS COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
PUEBLO COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
RIO BLANCO COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
RIO GRANDE COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
ROUTT COUNTYCO $      1,012,000 $      1,295,550 $      1,566,050 $      1,946,200
SAGUACHE COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
SAN JUAN COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
SAN MIGUEL COUNTYCO $         994,750 $      1,273,450 $      1,539,350 $      1,913,000
SEDGWICK COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
SUMMIT COUNTYCO $      1,067,200 $      1,366,200 $      1,651,450 $      2,052,350
TELLER COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
WASHINGTON COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250
WELD COUNTYCO $         806,500 $      1,032,650 $      1,248,150 $      1,551,250