Lower Interest Rates and Higher Loan Limits!

The Federal Housing Finance Agency (FHFA) announced the 2024 conforming loan limits.

The new conforming loan limit for all counties will be $766,550 (an increase of $40,350 from the 2023 limit of $726,200.) San Diego County’s high balance limit has increased and will now be $1,006,250. Orange and LA County's high balance limit has increased to $1,149,825.

We are closing loans with these new loan amounts immediately.

Below are the San Diego, Orange, Los Angeles, and Riverside County for FNMA / FHLMC loan limits.

SAN DIEGO

FNMA/FHLMC

Conforming $766,550

High Balance $1,006,250

FHA

Conforming $498,257

High Balance $1,006,250

Appraisals cannot be ordered until January 1.

ORANGE COUNTY AND LA COUNTY

FNMA/FHLMC

Conforming $766,550

High Balance $1,149,825

FHA

Conforming $498,257

High Balance $1,149,825

RIVERSIDE COUNTY

FNMA/FHLMC

Conforming $766,550

No high balance

FHA

Conforming $498,257

High Balance $644,000

There is still time to close before the end of the year! We are here to help you with any of your mortgage needs or questions.

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.