New San Diego Conforming Loan Limits for 2025
If you are shopping for a home, or plan to later in 2025, you will be excited to learn that the conforming loan limits for 2025 have increased compared to those in 2024. This is great news for anyone who is hoping to purchase a home in San Diego with a conventional conforming mortgage, rather […]
Higher Conforming Loan Limits for 2024 Announced
New baseline conforming loan limits have been announced for 2024, and there is good news—homebuyers can take advantage of a substantial increase. For 1 unit, the baseline conforming loan limits have risen 5.5% from $726,200 to $766,550. Baseline Conforming Loan Limits for 2024 The maximum baseline conforming loan amounts for the contiguous states, the District […]
5 Things You Don’t Know About Conventional Mortgages
Some homebuyers believe that conventional mortgages are the only type of home loan. Still others overlook them entirely because they think they will not qualify. Regardless, there are a lot of myths about conventional mortgages that quite a few borrowers still believe. Let’s dispel a few of those now by going over a few things […]
Conventional Loan Limits in San Diego Raised for 2020
If you are hoping to qualify for a conventional loan to purchase a home in San Diego or elsewhere in SoCal, I have some exciting news for you for the New Year. The conventional loan limits for 2020 are going up! The Federal Housing Finance Agency (FHFA) made the announcement on November 26th. Let’s look […]
Maximum Conventional Loan San Diego
The maximum conventional loan varies from county to county. San Diego County has a temporary limit for FHA and a permanent one for conventional. The permanent one for conventional financing is $546,250. The temporary one for FHA is $697,500. Now, just because they say that it’s temporary vs. permanent doesn’t mean that it’s not subject […]
Conventional Financing and Max LTV
There are a lot of variables that determines the maximum loan to value on a conventional loan. The type of property, the zip code in which the property is located, the credit score of the borrower, the debt to income ratio of the borrower and the reserve requirements just to name a few. With that […]
