July 12, 2024

FHA loan limitsToday the Government reported it is raising the FHA mortgage limits for loans guaranteed by the Federal Housing Administration in 14 high-cost California counties.

The Californis counties at the maximum level for FHA loans are Alameda, Contra Costa, Los Angeles, Marin, Monterey, Napa, Orange, San Benito, San Francisco, San Mateo, Santa Barbara, Santa Clara, Santa Cruz and Ventura. Many feel the limits will be raised nationally very soon.

The higher loan limits will allow many to purchase homes with as little as 3% downpayment. This is anouther move to assist the falling housing market.

San Diego Realtors 

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