2017 California FHA, VA, Conventional Conforming Loan Limits

2017-conforming-county-loan-limitsEvery year the FHFA (Fannie Mae & Freddie Mac), FHA, and the VA revise their maximum county mortgage limits throughout California.  You can search maximum loan limits by county for FHA, VA, and Conventional loans throughout all of California down below.

California’s 2017 Conventional Conforming County Loan Limit

The FHFA set the 2017 baseline (max) conforming loan limit at $424,100 for Conventional financing (Fannie Mae & Freddie Mac) on 1 unit properties in California.

What is a Conforming loan?  A conforming home loan is one that meets, or “conforms” to, certain guidelines set forth by Government Sponsored Entities (GSE’s) Freddie Mac and Fannie Mae.

California high-cost county loan limits have a ceiling of 150% of the baseline mortgage limit.  Loan amounts between $424,100 and $634,100 are referred to agency ‘High Balance’ or ‘Super Conforming’ loans because they exceed the baseline limit.

You can view a map of the 2017 county loan limits here or download a PDF or Excel file here.

2017 FHA County Loan Limit in California

HUD/FHA determines their maximum county mortgage limit differently than FHFA.  The current floor is $275,665 and the ceiling is $636,150.

FHA Jumbo loansFHA loan amounts in high cost counties between $424,100 and $636,150 are referred to FHA jumbo loans or FHA high balance loans.

2017 VA County Loan Limit in California

The VA (Dept. of Veteran Affairs) Home Loan doesn’t cap or limit the loan amount but they do limit the amount of liability the VA can assume.

VA Jumbo LoansVA loan amounts greater than the county mortgage limit are often referred to as VA Jumbo loans.  When the loan amount exceeds the county limit, equity or a down payment equal to 25% of the difference between the maximum loan limit and the sales price or appraisal value is required.

Who sets or determines the loan limits? (click to read)

Government agencies Federal Housing Finance Agency (FHFA = Fannie Mae/Freddie Mac Conventional financing), Federal Housing Administration (FHA), and the Dept. of Veterans Affairs (VA) not only publish qualifying guidelines that all banks must comply with, they also dictate what the maximum county loan limit can be.

You can watch a video of how they calculate loan limits here or read about it here.

Loan limits listed below are for 1 unit properties.  Loan limits for 2-4 units are higher.  Contact me for details on qualifying and loan limits for 2-4 unit property.

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County2017 FHA Loan Limit2017 Conventional Loan Limit2017 VA Loan Limit
Alameda636,150636,150636,150
Alpine463,450463,450463,450
Amador332,350424,100424,100
Butte293,250424,100424,100
Calavaras373,250424,100424,100
Colusa275,650424,100424,100
Contra Costa636,150636,150636,150
Del Norte275,650424,100424,100
El Dorado488,750488,750488,750
Fresno281,750424,100424,100
Glenn275,650424,100424,100
Humboldt327,750424,100424,100
Imperial275,650424,100424,100
Inyo369,150424,100424,100
Kern275,650424,100424,100
Kings275,650424,100424,100
Lake275,650424,100424,100
Lassen275,650424,100424,100
Los Angeles636,150636,150636,150
Madera275,650424,100424,100
Marin636,150424,100424,100
Mariposa322,000636,150363,150
Mendocino373,750424,100424,100
Merced275,650424,100424,100
Modoc275,650424,100424,100
Mono529,000529,000529,000
Monterey575,000575,000575,000
Napa636,150636,150636,150
Nevada477,250477,250477,250
Orange636,150636,150363,150
Placer488,750488,450488,450
Plumas336,950424,100424,100
Riverside379,500424,100424,100
Sacramento488,750488,750488,750
San Benito636,150636,150636,150
San Bernardino379,500424,150424,100
San Diego612,950612,950612,950
San Francisco636,150636,150636,150
San Joaquin362,250424,100424,100
San Luis Obispo586,500586,500586,500
San Mateo636,150636,150636,150
Santa Barbara636,150625,500625,500
Santa Clara636,150636,150363,150
Santa Cruz636,150636,150636,150
Shasta636,150424,100424,100
Sierra304,750424,100424,100
Siskiyou275,650424,100424,100
Solano431,250431,250431,250
Sonoma595,700595,700595,700
Stanislaus299,000424,100424,100
Sutter276,000424,100424,100
Tehama275,650424,100424,100
Trinity275,650424,100424,100
Tulare275,650424,100424,100
Tuolumne331,200424,100424,100
Ventura636,150636,150636,150
Yolo488,750636,150636,150
Yuba276,000488,750488,750

 

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