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Scott Sistilli's Blog

By Scott Sistilli | Mortgage Broker
or Lender in Granada Hills, CA

CA FHA Conforming / Jumbo Loan Limits Restored for 2012 – 2013

Congress agreed to restore the conforming FHA loan limits to $729,750 for 2012 and 2013 after seeing the negative impact the October 1st loan limit reduction had on the certain high cost housing markets.  Restoring the FHA loan limit is considered essential to stabilizing the housing market in many high cost counties of California, as well as other parts of the nation.  Loan amounts between $417,000 and $729,750 are often referred to as high balance or jumbo conforming loans.

Who will benefit most from the restored jumbo/conforming FHA loan limits in California?

1) Home buyers who don’t have a 10% or 20% down payment in high cost areas such as Los Angeles County.  Now there is access to low interest rates and affordable 3.5% low down payment financing.

2) Home values and sales prices in higher priced markets will stabilize because buyers can secure larger loan amounts when using an FHA loan.

Below is the 2012 – 2013 updated FHA and Conventional loan limits by county in California. 

CA County Name

CA FHA Loan LimitCA Conventional Loan Limit
 
ALAMEDA$729,750$625,500
 
ALPINE$547,500$463,450
 
AMADOR$462,500$417,000
 
BUTTE$400,000$417,000
 
CALAVERAS$462,500$417,000
 
COLUSA$397,750$417,000
 
CONTRA COSTA$729,750$625,500
 
DEL NORTE$311,250$417,000
 
EL DORADO$580,000$474,950
 
FRESNO$381,250$417,000
 
GLENN$287,500$417,000
 
HUMBOLDT$393,750$417,000
 
IMPERIAL$325,000$417,000
 
INYO$437,500$417,000
 
KERN$368,750$417,000
 
KINGS$325,000$417,000
 
LAKE$401,250$417,000
 
LASSEN$285,000$417,000
 
LOS ANGELES$729,750$625,500
 
MADERA$425,000$417,000
 
MARIN$729,750$625,500
 
MARIPOSA$412,500$417,000
 
MENDOCINO$512,500$417,000
 
MERCED$472,500$417,000
 
MODOC$472,500$417,000
 
MONO$529,000$529,000
 
MONTEREY$729,750$483,000
 
NAPA$729,750$592,250
 
NEVADA$562,500$477,250
 
ORANGE$729,750$625,500
 
PLACER$580,000$474,950
 
PLUMAS$410,000$417,000
 
RIVERSIDE$500,000$417,000
 
SACRAMENTO$580,000$474,950
 
SAN BENITO$729,750$625,500
 
SAN BERNARDINO$500,000$417,000
 
SAN DIEGO$697,500$546,250
 
SAN FRANCISCO$729,750$625,500
 
SAN JOAQUIN$488,750$417,000
 
SAN LUIS OBISPO$687,500$561,200
 
SAN MATEO$729,750$625,500
 
SANTA BARBARA$729,750$603,750
 
SANTA CLARA$729,750$625,500
 
SANTA CRUZ$729,750$625,500
 
SHASTA$423,750$417,000
 
SIERRA$304,750$417,000
 
SISKIYOU$293,750$417,000
 
SOLANO$557,500$417,000
 
SONOMA$662,500$520,950
 
STANISLAUS$423,750$417,000
 
SUTTER$425,000$417,000
 
TEHAMA$312,750$417,000
 
TRINITY$271,050$417,000
 
TULARE$325,000$417,000
 
TUOLUMNE$437,500$417,000
 
VENTURA$729,750$598,000
 
YOLO$580,000$474,950
 
YUBA$425,000$417,000
 
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Not sure if FHA financing is the best option for you?  Interested in comparing a 5% Down Payment Loan Program that doesn’t require any Monthly Mortgage Insurance?  Call me direct at (818) 378-2694 to discuss your situation and learn more about financing programs.

Comments

By Jessica Bateman,  Tue Nov 12 2013, 18:38
Sounds like a good loan product not sure it's still available I would suggest The Lenders Network is you need a referral to a lender that can do FHA and jumbo loans.

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