$687,500 is the New Conforming Loan Limit for San Luis Obispo County
Check out the new FHA loan limits for California that are released by HUD today. 14 California counties loan limits for FHA, Fannie and Freddie jumped, up to $729,750 cap. The majority of these counties are located in San Francisco Bay Area, namely Alameda, Contra Costa, Marin, Monterey, Napa, San Francisco, San Mateo, Santa Cruz, Santa Clara, and five others in the Southland (Los Angeles, Orange, San Benito, Santa Barbara, and Ventura).
The new conforming limit for Freddie Mac and Fannie Mae is based on the median price in each region - at 125 percent of the median home price, or $417,000, whichever is more, up to a maximum of $729,750.
In San Luis Obispo county, the new conforming loan limit is $687,500.
More details are provided below:-
New California loan limits
County | Median price | FHA limit | Conforming loan limit |
Alameda County | $995,000 | $729,750 | $729,750 |
Alpine County | $438,000 | $547,500 | $547,500 |
Amador County | $355,000 | $443,750 | $443,750 |
Butte County | $320,000 | $400,000 | $417,000 |
Calaveras County | $370,000 | $462,500 | $462,500 |
Colusa County | $318,000 | $397,500 | $417,000 |
Contra Costa County | $995,000 | $729,750 | $729,750 |
Del Norte County | $249,000 | $311,250 | $417,000 |
El Dorado County | $464,000 | $580,000 | $580,000 |
Fresno County | $305,000 | $381,250 | $417,000 |
Glenn County | $230,000 | $287,500 | $417,000 |
Humboldt County | $315,000 | $393,750 | $417,000 |
Imperial County | $260,000 | $325,000 | $417,000 |
Inyo County | $350,000 | $437,500 | $437,500 |
Kern County | $295,000 | $368,750 | $417,000 |
Kings County | $260,000 | $325,000 | $417,000 |
Lake County | $321,000 | $401,250 | $417,000 |
Lassen County | $200,000 | $271,050 | $417,000 |
Los Angeles County | $710,000 | $729,750 | $729,750 |
Madera County | $340,000 | $425,000 | $425,000 |
Marin County | $995,000 | $729,750 | $729,750 |
Mariposa County | $330,000 | $412,500 | $417,000 |
Mendocino County | $410,000 | $512,500 | $512,500 |
Merced County | $378,000 | $472,500 | $472,500 |
Modoc County | $125,000 | $271,050 | $417,000 |
Mono County | $370,000 | $462,500 | $462,500 |
Monterey County | $599,000 | $729,750 | $729,750 |
Napa County | $615,000 | $729,750 | $729,750 |
Nevada County | $450,000 | $562,500 | $562,500 |
Orange County | $710,000 | $729,750 | $729,750 |
Placer County | $464,000 | $580,000 | $580,000 |
Plumas County | $328,000 | $410,000 | $417,000 |
Riverside County | $400,000 | $500,000 | $500,000 |
Sacramento County | $464,000 | $580,000 | $580,000 |
San Benito County | $790,000 | $729,750 | $729,750 |
San Bernardino County | $400,000 | $500,000 | $500,000 |
San Diego County | $558,000 | $697,500 | $697,500 |
San Francisco County | $995,000 | $729,750 | $729,750 |
San Joaquin County | $391,000 | $488,750 | $488,750 |
San Luis Obispo County | $550,000 | $687,500 | $687,500 |
San Mateo County | $995,000 | $729,750 | $729,750 |
Santa Barbara County | $615,000 | $729,750 | $729,750 |
Santa Clara County | $790,000 | $729,750 | $729,750 |
Santa Cruz County | $719,000 | $729,750 | $729,750 |
Shasta County | $339,000 | $423,750 | $423,750 |
Sierra County | $228,000 | $285,000 | $417,000 |
Siskiyou County | $235,000 | $293,750 | $417,000 |
Solano County | $446,000 | $557,500 | $557,500 |
Sonoma County | $530,000 | $662,500 | $662,500 |
Stanislaus County | $339,000 | $423,750 | $423,750 |
Sutter County | $340,000 | $425,000 | $425,000 |
Tehama County | $250,000 | $312,500 | $417,000 |
Trinity County | $200,000 | $271,050 | $417,000 |
Tulare County | $260,000 | $325,000 | $417,000 |
Tuolumne County | $350,000 | $437,500 | $437,500 |
Ventura County | $599,000 | $729,750 | $729,750 |
Yolo County | $464,000 | $580,000 | $580,000 |
Yuba County | $340,000 | $425,000 | $425,000 |
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Source: Department of Housing and Urban Development
Conforming loan limits for other parts of the country are expected to be announced very soon.