2020 FHA, VA, Conventional California County Loan Limits

Every year the FHFA (Fannie Mae & Freddie Mac), FHA, and the VA revise their maximum county mortgage limits throughout California.  You can search California’s 2020 maximum county loan limits for FHA, VA, Conventional and Jumbo loans down below.

California’s 2020 Conventional Conforming County Loan Limit

For 2020, the FHFA set the baseline conforming loan limit for 1 unit properties at $510,400 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 (like loan amounts) set forth by Government Sponsored Entities (GSE’s) Freddie Mac and Fannie Mae.

California has what’s referred to as ‘high-cost’ county loan limits that are derived by median home prices in a particular county and have a ceiling of 150% of the baseline mortgage limit.  Loan amounts between $510,400 and $765,600 are referred to agency ‘High Balance’ or ‘Super Conforming’ loans because they exceed the baseline limit.

You can view a map of the 2020 county loan limits here or download a PDF or Excel file here.

2020 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 a single family floor and ceiling loan limits ranging from 80% to 150% of the median house prices.

The FHA’s current floor is $331,760 and the ceiling is $765,600.

FHA Jumbo loan limit – California FHA loan amounts in high-cost counties between $510,400 and $765,600 are referred to FHA jumbo loans or FHA high balance loans.

2020 VA County Loan Limits in California

The VA (Dept. of Veteran Affairs) Home Loan surprised everyone by announcing in VA Circular 26-19-30 that President Trump signed the Blue Water Navy Vietnam Veterans Act that removes all county loan limits for Veterans!

This means a Veteran is no longer limited to a certain loan amount and will not be required to make a down payment in order to exceed the county loan limit.

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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County2020 FHA Loan Limit2020 Conventional Loan Limit
Alameda765,600765,600
Alpine463,450510,400
Amador355,350510,400
Butte331,760510,400
Calaveras373,750510,400
Colusa331,760510,400
Contra Costa765,600765,600
Del Norte331,760510,400
El Dorado569,250569,250
Fresno331,760510,400
Glenn331,760510,400
Humboldt345,000510,400
Imperial331,760510,400
Inyo373,750510,400
Kern331,760510,400
Kings331,760510,400
Lake331,760484,350
Lassen331,760510,400
Los Angeles765,600765,600
Madera331,760510,400
Marin765,600765,600
Mariposa331,760510,400
Mendocino409,400510,400
Merced331,760510,400
Modoc331,760510,400
Mono529,000529,000
Monterey672,750672,750
Napa764,750765,600
Nevada486,450510,400
Orange765,600765,600
Placer569,250569,250
Plumas336,950510,400
Riverside442,750510,400
Sacramento569,250569,250
San Benito765,600765,600
San Bernardino442,750510,400
San Diego701,500701,500
San Francisco765,600765,600
San Joaquin448,500510,400
San Luis Obispo690,000690,000
San Mateo765,600765,600
Santa Barbara653,200625,500
Santa Clara765,600765,600
Santa Cruz765,600765,600
Shasta331,760510,400
Sierra331,760510,400
Siskiyou331,760510,400
Solano506,000510,400
Sonoma704,950704,950
Stanislaus365,700510,400
Sutter345,000510,400
Tehama331,760510,400
Trinity331,760510,400
Tulare331,760510,400
Tuolumne331,760510,400
Ventura713,000713,000
Yolo569,250569,250
Yuba345,000510,400

 

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