2018 FHA, VA, Conventional California County Loan Limits

2018 FHA,VA, Conventional Conforming county loan limit in CaliforniaEvery year the FHFA (Fannie Mae & Freddie Mac), FHA, and the VA revise their maximum county mortgage limits throughout California.  You can search the 2018 maximum loan limits by county for FHA, VA, and Conventional loans throughout all of California down below.

California’s 2018 Conventional Conforming County Loan Limit

For 2018, the FHFA set the baseline conforming loan limit at $453,100 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 qualifying guidelines set forth by Government Sponsored Entities (GSE’s) Freddie Mac and Fannie Mae.

California high-cost county loan limits are derived by median home prices in a particular county and have a ceiling of 150% of the baseline mortgage limit.  Loan amounts between $453,100 and $679,650 are referred to agency ‘High Balance’ or ‘Super Conforming’ loans because they exceed the baseline limit.

You can view a map of the 2018 county loan limits here or download a PDF or Excel file here.

2018 FHA County Loan Limits in California

HUD/FHA determines their maximum county mortgage limit differently than FHFA (Conventional conforming loans).  The FHA is required to set single family floor and ceiling loan limits ranging from 80% to 150% of the median house prices.

The current floor is $294,515 and the ceiling is $679,650.

FHA Jumbo loan limit – California FHA loan amounts in high-cost counties between $453,100 and $679,650 are referred to FHA jumbo loans or FHA high balance loans.

2018 VA County Loan Limits in California

The VA (Dept. of Veteran Affairs) Home Loan doesn’t actually cap or limit the loan amount but they do limit the amount they will insure.

The VA has once again adopted the FHFA’s 2018 baseline conforming and high balance loan limits for there own.

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, a down payment (or equity) equal to 25% of the difference between the maximum loan limit and the lower of the sales price or appraisal value is required to secure VA financing.

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.

Find homebuyer Assistance Programs

County2018 FHA Loan Limit2018 Conventional Loan Limit2018 VA Loan Limit
Alameda679,650679,650679,650
Alpine463,450463,450463,450
Amador332,350453,100453,100
Butte294,515453,100453,100
Calaveras373,750453,100453,100
Colusa294,515453,100453,100
Contra Costa679,650679,650679,650
Del Norte294,515453,100453,100
El Dorado517,500517,500517,000
Fresno294,515453,100453,100
Glenn294,515453,100453,100
Humboldt327,750453,100453,100
Imperial294,515453,100453,100
Inyo369,150453,100453,100
Kern294,515453,100453,100
Kings294,515453,100453,100
Lake294,515453,100453,100
Lassen294,515453,100453,100
Los Angeles679,650679,650679,650
Madera294,515453,100453,100
Marin679,650679,650679,650
Mariposa322,000453,100453,100
Mendocino394,450453,100453,100
Merced294,515453,100453,100
Modoc294,515453,100453,100
Mono529,000529,000529,000
Monterey615,250615,250615,250
Napa679,650679,650679,650
Nevada477,250477,250477,250
Orange679,650679,650679,650
Placer517,500517,500517,500
Plumas336,950453,100453,100
Riverside405,950453,100453,100
Sacramento517,500517,100517,100
San Benito636,150679,650679,650
San Bernardino405,950453,100453,100
San Diego649,750649,750649,750
San Francisco679,650679,650679,650
San Joaquin391000453,100453,100
San Luis Obispo615,250615,250615,250
San Mateo636,150679,650679,650
Santa Barbara653,200625,500625,500
Santa Clara679,650679,650679,650
Santa Cruz679,650679,650679,650
Shasta636,150453,100453,100
Sierra304,750453,100453,100
Siskiyou294,515453,100453,100
Solano460,000460,000460,000
Sonoma648,600648,600648,600
Stanislaus322,000453,100453,100
Sutter294,515453,100453,100
Tehama294,515453,100453,100
Trinity294,515453,100453,100
Tulare294,515453,100453,100
Tuolumne331,200453,100453,100
Ventura672,750672,750672,750
Yolo517,500517,500517,500
Yuba299,000453,100453,100

 

css.php