Fannie and Freddie have raised their conforming loan limits. This will be a big help to the many buyers who have fallen just outside the current limit. In practical terms a buyer can now purchase a $605,000 home with just 5% down in Monterey County and almost a $670,000 home in Santa Cruz and San Benito Counties. ….Looking forward to a wonderful 2017!!!
|GENERAL LOAN LIMITS:|
|UNITS:||Contiguous United States||Alaska and Hawaii|
The high-cost area loan limits are established for each county (or equivalent) and are published on Fannie Mae’s website: https://www.fanniemae.com/singlefamily/loan-limits and on FHFA’s website: http://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
|HIGH-COST AREA GENERAL LOAN LIMITS:|
|UNITS:||Monterey County||Santa Cruz County|