Riverside County California loan limits to go up 18.96%

By
Mortgage and Lending with Skyline Home Loans NMLS #311662

For the first time  since 2006  the GSE's are raising the conforming loan limits for 2017. The base conforming  loan amount is going up from $417,000 to $424,100..

 

While this is outstanding news for most of the country, there are certain areas that are going to benefit more than others..  I do most of my lending in San Diego and Riverside counties. San Diego is considered a high balance County, and our maximum loan amount is changing  from $580,750 to$612,950 an increase of 5.4%.

 

 

What I'm really excited about is that Riverside County which in prior years has actually been below the maximum loan amount,  their limits are increasing from  $356,500 to 524,100, the new maximum nationwide limit.  This is an increase of 18.96% which was desperately needed in certain areas  of the county like Palm Springs and Palm Desert where the prices are higher than the balance of the County.

 

 

This will be particularly helpful for retirees  that flock to that area and will enable them to use government loans, conventional loans, and reverse mortgages to help secure their retirement.

 

Have a GREAT 2017 everyone!

Posted by

Matt Brady

 

Builder Sales Manager, NMLS ID#311662

(858)342-8659 cell |844-268-1952fax

 

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mbrady@skylinehomeloans.com| mattbrady.skylinehomeloans.com    
1455 Frazee Road., Suite 705| San Diego, CA 92108

 

    

 

 

 

BIA SanDiego 15 year Member and P2 Sponsor

 

 

 

BIA SMCBoard Member since 2012

 

 

 

 

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loan limits
2017 loan limits
san diego loan limits
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