New Loan Limits
This entry was posted on 3/12/2008 7:16 AM and is filed under uncategorized.
New loan limits for FHA are as follows:
San Diego County $697,500
Riverside County $500,000
Orange County $729,750
Los Angeles County $729,750
San Bernardino County $500,000
Fannie Mae also raised their CONFORMING LOAN LIMITS. This means that the divide between conforming and jumbo loans is no longer $417,000. It is now 125% over the median home price in that particular county.
If I am not mistaken that would mimic the loan increases put in place by FHA. I'll keep you posted but regardless this is still GREAT NEWS.
Chris Mulder
HomeQuest Financial
Direct: 951-515-2120
www.InlandEmpireLender.com
