Temporary high balance loan limits are set to revert back to their permanent levels on September 3oth. This means that your loan must be funded and closed prior to 9/30. In addition, lenders will start establishing deadlines for locks and submissions. I was shocked to read an email this morning that one of my biggest and best lenders will not accept temporary loan limit locks after Friday, July 29th!
If you’re in the temporary loan range, for either buying or refinancing, this is going to have a significant impact on you: your interest rate, your equity/down payment requirement and your overall loan options. It’s a huge dis-service to consumers and homeowners that we will not be able to benefit from higher loan amount options.
Here’s a table of the counties in California, by County, Permanent Loan Limit and Current Temporary Loan Limit. Many of the homeowners I work with are in the high-cost areas and are able to take advantage of loan limits up to $729,750, so if your loan amount is between $625,500 and $729,750, I recommend you refinance now (or, if you can help the timing, buy!)
| ALAMEDA, CA | $ 625,500 | $ 729,750 |
| ALPINE, CA | $ 463,450 | $ 547,500 |
| AMADOR, CA | $ 417,000 | $ 443,750 |
| BUTTE, CA | $ 417,000 | $ 417,000 |
| CALAVERAS, CA | $ 417,000 | $ 462,500 |
| COLUSA, CA | $ 417,000 | $ 417,000 |
| CONTRA COSTA, CA | $ 625,500 | $ 729,750 |
| DEL NORTE, CA | $ 417,000 | $ 417,000 |
| EL DORADO, CA | $ 474,950 | $ 580,000 |
| FRESNO, CA | $ 417,000 | $ 417,000 |
| GLENN, CA | $ 417,000 | $ 417,000 |
| HUMBOLDT, CA | $ 417,000 | $ 417,000 |
| IMPERIAL, CA | $ 417,000 | $ 417,000 |
| INYO, CA | $ 417,000 | $ 437,500 |
| KERN, CA | $ 417,000 | $ 417,000 |
| KINGS, CA | $ 417,000 | $ 417,000 |
| LAKE, CA | $ 417,000 | $ 417,000 |
| LASSEN, CA | $ 417,000 | $ 417,000 |
| LOS ANGELES, CA | $ 625,500 | $ 729,750 |
| MADERA, CA | $ 417,000 | $ 425,000 |
| MARIN, CA | $ 625,500 | $ 729,750 |
| MARIPOSA, CA | $ 417,000 | $ 417,000 |
| MENDOCINO, CA | $ 417,000 | $ 512,500 |
| MERCED, CA | $ 417,000 | $ 472,500 |
| MODOC, CA | $ 417,000 | $ 417,000 |
| MONO, CA | $ 529,000 | $ 529,000 |
| MONTEREY, CA | $ 483,000 | $ 729,750 |
| NAPA, CA | $ 592,250 | $ 729,750 |
| NEVADA, CA | $ 477,250 | $ 562,500 |
| ORANGE, CA | $ 625,500 | $ 729,750 |
| PLACER, CA | $ 474,950 | $ 580,000 |
| PLUMAS, CA | $ 417,000 | $ 417,000 |
| RIVERSIDE, CA | $ 417,000 | $ 500,000 |
| SACRAMENTO, CA | $ 474,950 | $ 580,000 |
| SAN BENITO, CA | $ 625,500 | $ 729,750 |
| SAN BERNARDINO, CA | $ 417,000 | $ 500,000 |
| SAN DIEGO, CA | $ 546,250 | $ 697,500 |
| SAN FRANCISCO, CA | $ 625,500 | $ 729,750 |
| SAN JOAQUIN, CA | $ 417,000 | $ 488,750 |
| SAN LUIS OBISPO, CA | $ 561,200 | $ 687,500 |
| SAN MATEO, CA | $ 625,500 | $ 729,750 |
| SANTA BARBARA, CA | $ 625,500 | $ 729,750 |
| SANTA CLARA, CA | $ 625,500 | $ 729,750 |
| SANTA CRUZ, CA | $ 625,500 | $ 729,750 |
| SHASTA, CA | $ 417,000 | $ 423,750 |
| SIERRA, CA | $ 417,000 | $ 417,000 |
| SISKIYOU, CA | $ 417,000 | $ 417,000 |
| SOLANO, CA | $ 417,000 | $ 557,500 |
| SONOMA, CA | $ 520,950 | $ 662,500 |
| STANISLAUS, CA | $ 417,000 | $ 423,750 |
| SUTTER, CA | $ 417,000 | $ 425,000 |
| TEHAMA, CA | $ 417,000 | $ 417,000 |
| TRINITY, CA | $ 417,000 | $ 417,000 |
| TULARE, CA | $ 417,000 | $ 417,000 |
| TUOLUMNE, CA | $ 417,000 | $ 437,500 |
| VENTURA, CA | $ 598,000 | $ 729,750 |
| YOLO, CA | $ 474,950 | $ 580,000 |
| YUBA, CA | $ 417,000 | $ 425,000 |
Irene, your clients are so lucky to have such an informed person like you on their team! I so appreciate the knowledge you share about your industry and how you are such an advocate for your clients. Glad to be one of them!
*Thank you*! What an encouraging and supportive comment. 🙂