2019 FHA, VA, Conventional California County Loan Limits

2019 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 California’s 2019 maximum county loan limits for FHA, VA, Conventional and Jumbo loans down below.

California’s 2019 Conventional Conforming County Loan Limit

For 2019, the FHFA set the baseline conforming loan limit for 1 unit properties at $484,350 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 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 $484,350 and $726,525 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.

2019 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 current floor is $314,827 and the ceiling is $726,525.

FHA Jumbo loan limit – California FHA loan amounts in high-cost counties between $484,350 and $726,525 are referred to FHA jumbo loans or FHA high balance loans.

2019 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 2019 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.

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County2019 FHA Loan Limit2019 Conventional Loan Limit2019 VA Loan Limit
Alameda726,525726,525726,525
Alpine463,450484,350484,350
Amador350,750484,350484,350
Butte314,827484,350484,350
Calaveras373,750484,350484,350
Colusa314,827484,350484,350
Contra Costa726,525726,525726,525
Del Norte314,827484,350484,350
El Dorado552,000552,000552,000
Fresno314,827484,250484,350
Glenn314,827484,350484,350
Humboldt333,500484,350484,350
Imperial314,827484,350484,350
Inyo369,150484,350484,350
Kern314,827484,350484,350
Kings314,927484,350484,350
Lake314,927484,350484,350
Lassen314,927484,350484,350
Los Angeles726,525726,525726,525
Madera314,927484,350484,350
Marin726,525726,525726,525
Mariposa322,000484,350484,350
Mendocino409,400484,350484,350
Merced3214,927484,350484,350
Modoc314,827484,350484,350
Mono529,000529,000529,000
Monterey652,050652,050652,050
Napa726,525726,525726,525
Nevada486,450486,450486,450
Orange726,525726,525726,525
Placer552,000552,000552,000
Plumas336,950484,350484,350
Riverside431,250484,350484,350
Sacramento552,000552,000552,000
San Benito726,525726,525726,525
San Bernardino431,250484,350484,350
San Diego690,000690,000690,000
San Francisco726,525726,525726,525
San Joaquin425,500484,350484,350
San Luis Obispo667,000667,000667,000
San Mateo726,525726,525726,525
Santa Barbara653,200625,500625,500
Santa Clara726,525726,525726,525
Santa Cruz726,525726,525726,525
Shasta314,827484,350484,350
Sierra314,827484,350484,350
Siskiyou314,827484,350484,350
Solano494,500494,500494,500
Sonoma704,950704,950704,950
Stanislaus350,750484,350484,350
Sutter324,300484,350484,350
Tehama314,827484,350484,350
Trinity314,827484,350484,350
Tulare314,827484,350484,350
Tuolumne331,200484,350484,350
Ventura713,000713,000713,000
Yolo552,000552,000552,000
Yuba324,300484,350484,350

 

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