Welcome to Sherry Sim Central Coast Real Estate Sign in | Help

Sherry Sim

Real Estate & Market Conditions in San Luis Obispo County.

News

  • real estate, real estate information, Cayucos, Cayucos real estate, Morro Bay, Morro Bay real estate, Cambria, Cambria real estate, Los Osos, Baywood Park, Los Osos real estate, San Luis Obispo, San Luis Obispo County, Atascadero, Arroyo Grande, CA, listings, homes for sale, home prices, price trends, market conditions, real estate market trends in Central Coast California.
$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

 

 

 

 

Source: Department of Housing and Urban Development

Conforming loan limits for other parts of the country are expected to be announced very soon.

 

 

Comments

No Comments

Anonymous comments are disabled