Special offer

New FHA Mortgage Limits in California

By
Real Estate Broker/Owner with Huntsman Properties CalBRE #01188996

So the word is just in from the California Association of Mortgage Brokers -- FHA loan limits in Los Angeles and Orange Counties to be officially set tomorrow at $729,750 for one unit--that's a giant step upward from the current $359,000! Take a look at the new limits for the entire state.

California County Limits

 

 

 

 

 

 

 

 

Obs

county

med price

FHA 1unit

 

 

185

Alameda

995000

729750

MAX

186

Alpine

438000

547500

 

187

Amador

355000

443750

 

188

Butte

320000

400000

 

189

Calaveras

370000

462500

 

190

Colusa

318000

397500

 

191

Contra Costa

995000

729750

MAX

192

Del Norte

249000

311250

 

193

El Dorado

464000

580000

 

194

Fresno

305000

381250

 

195

Glenn

230000

287500

 

196

Humboldt

315000

393750

 

197

Imperial

260000

325000

 

198

Inyo

350000

437500

 

199

Kern

295000

368750

 

200

Kings

260000

325000

 

201

Lake

321000

401250

 

202

Lassen

200000

271050

 

203

Los Angeles

710000

729750

MAX

204

Madera

340000

425000

 

205

Marin

995000

729750

MAX

206

Mariposa

330000

412500

 

207

Mendocino

410000

512500

 

208

Merced

378000

472500

 

209

Modoc

125000

271050

 

210

Mono

370000

462500

 

211

Monterey

599000

729750

MAX

212

Napa

615000

729750

MAX

213

Nevada

450000

562500

 

214

Orange

710000

729750

MAX

215

Placer

464000

580000

 

216

Plumas

328000

410000

 

217

Riverside

400000

500000

 

218

Sacramento

464000

580000

 

219

San Benito

790000

729750

MAX

220

San Bernardino

400000

500000

 

221

San Diego

558000

697500

 

222

San Francisco

995000

729750

MAX

223

San Joaquin

391000

488750

 

224

San Luis Obispo

550000

687500

 

225

San Mateo

995000

729750

MAX

226

Santa Barbara

615000

729750

MAX

227

Santa Clara

790000

729750

MAX

228

Santa Cruz

719000

729750

MAX

229

Shasta

339000

423750

 

230

Sierra

228000

285000

 

231

Siskiyou

235000

293750

 

232

Solano

446000

557500

 

233

Sonoma

530000

662500

 

234

Stanislaus

339000

423750

 

235

Sutter

340000

425000

 

236

Tehama

250000

312500

 

237

Trinity

200000

271050

 

238

Tulare

260000

325000

 

239

Tuolumne

350000

437500

 

240

Ventura

599000

729750

MAX

241

Yolo

464000

580000

 

242

Yuba

340000

425000

 

 

 

 

 

Comments(3)

Julia Huntsman
Huntsman Properties - Long Beach, CA
BPOR, CDPE, e-PRO, SFR, Broker

Tried to respond earlier today, but Active Rain was off line.

Try this link for convention and FHA loan limits:
http://go-to.realtor.org/r/8A3GCD/QF6RB/LBXIC/6Z9B7/NF5D9/B7/h

       

Mar 06, 2008 08:13 AM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate
Hi Julia - In response to Jack the conforming rates are the same. That was the whole point of this stimulas package...to make it easier to get a higher loan amount without a corresponding increase in the interest rate.
Mar 11, 2008 02:51 AM
Julia Huntsman
Huntsman Properties - Long Beach, CA
BPOR, CDPE, e-PRO, SFR, Broker
Yes Bill, how true, and it's the first time FHA limits and conventional conforming loan limits could potentially be the same in some markets, such as here in Southern California where they are the same. But whether or not we'll see a higher blended rate for the new higher conventional conforming limit remains to be seen, as I've seen some referances to that possibility.
Mar 11, 2008 03:23 AM