2019 Max Loan Limits for FHA and Conventional home loans in SD, LA, OC, SB, & Riverside Counties.  TDR Mortgage announces the 2019 loan limit revision in a easy to read format so you can have a practical guide for your particular home loan program.  Visit our other blog post to reference associated Sales Price Limit Chart.

So Cal Edition of Loan Limits for 2019

2019 Max Loan Limits for FHA and Conventional home loans in SD, LA, OC, SB, & Riverside Counties

2019 Max Loan Limits for FHA and Conventional home loans in SD, LA, OC, SB, & Riverside Counties

County FHA 3.5% down Conforming High Balance FHA 3.5% Down  Conventional 

3% Down Conf.

Conventional

5% down

High Balance

L.A. / O.C./ SD $501,917* $752,875 $499,329* $764,763
S.B. / RIV $446,891* N/A $499,329* N/A
(* 1st time Home buyer/ Down payment assistance programs available up to these sales prices amounts) (* 1st time Home buyer/ Down payment assistance programs available up to these sales prices amounts)

2019 Max Loan Limits for FHA and Conventional home loans in SD, LA, OC, SB, & Riverside Counties.

Well here ya go, we have put together the Max Loan Limits for homes in the Southern California Market. This is particularly useful primarily for the under 500k crowd that can benefit from the following buyer programs, for example:

The above home loans have some pretty great benefits to get home buyers in a home with great payments and low downs. With a CalHFA loan borrowers sometimes get in with only 2k and can be done in conjunction with FHA, or Conventional Financing.

 

2019 Max Sales Price for FHA and Conventional home loans in SD, LA, OC, SB, & Riverside Counties

2019 Max Loan Limits for FHA and Conventional home loans in SD, LA, OC, SB, & Riverside Counties

Fannie Mae and Freddie Mac

The Fannie Mae and Freddie Mac loans offer below market mortgage insurance and lower rates than average comparable to a conventional loan and ONLY 3% down. A common misconception with these programs is you cannot own other homes and have to be a first time buyer.  Most of the time that’s true but each program offers unique opportunities to buy a home in Southern California.

Lets share with our Database the upcoming home buying opportunity that is before us. With home prices decreasing the buyers are finally in charge, the sellers just don’t know it 100% yet, lol. Spread the word. “True Wealth is achieved by owning a home, NOT RENTING!”

FHA Loan Limits

L.A. / O.C. / S.D. – $484,350- Conforming

S.B. / RIV. – $431,250 – Conforming

L.A. / O.C. / S.D. – $726,525 – High Balance

Conventional Loan Limits

L.A. / O.C. / S.D. – $484,350 – Conforming

S.B. / RIV. –$484,350 – Conforming

L.A. / O.C. / S.D. – $726,525 – High Balance

VA Loan Limits

PS. The VA loan limits went up also to $484,350.00 and since VA loans are 100% financing, that’s the max loan limits. The High Balance is 690K in San Diego County and $726,525.00 in LA County and Orange County. Unfortunately the step children, San Bernardino and Riverside County do not have a “High Balance” VA loan limit.

We are always looking for new agents to partner with if you or someone you know needs a new Loan Officer please call Teresa Directly at 909-821-3093.

I have added the links to the home buyers programs for your convenience.  You are welcome.

https://www.calhfa.ca.gov/

http://www.fanniemae.com/portal/index.html

http://www.freddiemac.com/

https://www.benefits.va.gov/homeloans/