2022 California Conforming and FHA County Loan Limits

California’s 2022 conforming county loan limits for FHA, VA, Conventional and Jumbo loans

California’s 2022 Conventional Conforming County Loan Limit

For 2022, the FHFA (Federal Housing Finance Administration) set the baseline conforming loan limit for 1 unit properties at $647,200 for Conventional financing (Fannie Mae & Freddie Mac) and up to $970,800 in California high cost counties.

What is a Conforming loan?  A conforming home loan must meet, or “conform” to certain criteria or guidelines set forth by Government Sponsored Entities (GSE’s) Freddie Mac and Fannie Mae.  The loan amount is just one of those criteria needed to be classified as a ‘conforming’ loan.

What is a High Balance or ‘high-cost’ county loan limit?  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 $647,200 and $970,800 are referred to agency ‘High Balance’ or ‘Super Conforming’ loans because they exceed the baseline limit.

You can view a map of the 2022 county loan limits here or download a PDF or Excel file here.

2022 FHA County Loan Limits in California

FHA determines their 2022 maximum county mortgage limit differently than FHFA.  The FHA (Federal Housing Administration) is required to set a single family floor and ceiling loan limit range, which is based on 80% to 150% of the median home prices.  Mortgaee Letter 2021-28

The FHA’s current floor is $420,680 and the ceiling is $970,800.

FHA Jumbo loan limit – California FHA loan amounts in high-cost counties between $420,680 and $970,800 are referred to FHA jumbo loans or FHA high balance loans.

2022 VA County Loan Limits in California

Good news….VA loans in California no longer have a county loan limit for 2022!  In 2021, VA Circular 26-19-30, the VA announced that President Trump signed the Blue Water Navy Vietnam Veterans Act that removes all county loan limits for Veterans!

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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County2022 FHA Loan Limit2022 Conventional Loan Limit
Alameda970,800970,800
Alpine463,450647,200
Amador420,680647,200
Butte420,680647,200
Calaveras420,680647,200
Colusa420,680647,200
Contra Costa970,800970,800
Del Norte420,680647,200
El Dorado675,050675,050
Fresno420,680647,200
Glenn420,680647,200
Humboldt420,680647,200
Imperial420,680647,200
Inyo431,250647,200
Kern420,680647,200
Kings420,680647,200
Lake420,680647,200
Lassen420,680647,200
Los Angeles970,800970,800
Madera420,680647,200
Marin970,800970,800
Mariposa420,680647,200
Mendocino506,000647,200
Merced420,680647,200
Modoc420,680647,200
Mono563,500647,200
Monterey854,450854,450
Napa897,000897,000
Nevada609,500647,200
Orange970,800970,800
Placer675,050675,050
Plumas420,680647,200
Riverside562,350647,200
Sacramento675,050675,050
San Benito970,800970,800
San Bernardino562,350647,200
San Diego879,750879,750
San Francisco970,800970,800
San Joaquin563,500647,200
San Luis Obispo805,000805,000
San Mateo970,800970,800
Santa Barbara783,150783,150
Santa Clara970,800970,800
Santa Cruz970,800970,800
Shasta420,680647,200
Sierra420,680647,200
Siskiyou420,680647,200
Solano614,100647,200
Sonoma764,750764,750
Stanislaus460,000647,200
Sutter420,900647,200
Tehama420,680647,200
Trinity420,680647,200
Tulare420,680647,200
Tuolumne420,680647,200
Ventura851,000851,000
Yolo675,050675,050
Yuba420,900647,200

 

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