To kick off our holiday season we have some great news…

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
     
One $424,100 $636,150
Two $543,000 $814,500
Three $656,350 $984,525
Four $815,650 $1,223,475

 

 

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
     
One $575,000 $636,150
Two $736,100 $814,500
Three $889,900 $984,525
Four $1,105,800
$1,223,475