Fannie Mae and Freddie Mac have increased the 2019 conforming loan limits, to match the increasing market which is higher than the national average.
Mortgage loan limits on loans acquired by Fannie Mae and Freddie Mac are increased to
$484,350 on one-unit properties and a cap of $726,525 in high-cost
areas. The previous loan limits were $453,100 and $679,650,
respectively.
Not all California counties will have the same upper loan limit, however, Los Angeles, Alameda, Orange, and other Bay Area counties such as San Francisco County will have the highest cap of $726,525 for one unit, and up to $1,397,400 for 4 unit residential properties. See California county loan limits.
Julia Huntsman, REALTOR, Broker |
www.juliahuntsman.com |
562-896-2609 |
California Lic. #01188996
No comments:
Post a Comment