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Fannie Mae, Freddie Mac, VA and FHA Mortgage Loan Limit Increases for SoCal

Posted by Summit Lending on December 20, 2017
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Home buyers and home owners in SoCal will be able to finance bigger mortgage loans in 2018, thanks to increases in loan limits on mortgages offered through Freddie Mac, Fannie Mae, FHA, and the VA. With Southern California being a high cost market, counties in the region had their loan limits increased for 2018. Below you’ll find the new maximum loan amount for government loans, government backed loans, and loans for veterans.

LOS ANGELES

FHA: Loan limits have increased to $679, 650, for a single unit property in Los Angeles County.
Fannie Mae: New Fannie Mae mortgage loan limit in Los Angeles County is $679,650.
Freddie Mac: Freddie Mac mortgage loan limit in Los Angeles County is $679,650.
VA: Loan limits for a VA loan in Los Angeles County have increased to $679,650.

ORANGE COUNTY

FHA: Loan limits have increased to $679, 650 for a single unit property in Orange County.
Fannie Mae: New Fannie Mae mortgage loan limit in Orange County is $679,650.
Freddie Mac: Freddie Mac mortgage loan limit in Orange County is $679,650.
VA: Loan Limits for a VA loan in Orange County have increased to $679,650.

RIVERSIDE COUNTY

FHA: Loan limits have increased to $405,950 for a single unit property in Riverside County.
Fannie Mae: New Fannie Mae mortgage loan limit in Riverside County is $453,100.
Freddie Mac: Freddie Mac mortgage loan limit in Riverside County is $453,100.
VA: Loan limits for a VA loan in Riverside County have increased to 453,100.

SAN BERNARDINO COUNTY

FHA: Loan limits have increased to $405,950 for a single property in San Bernardino County.
Fannie Mae: New Fannie Mae mortgage loan limit in San Bernardino County is $453,100.
Freddie Mac: Freddie Mac mortgage loan limit in San Bernardino County is $453,100.
VA: Loan limits for a VA loan in San Bernardino County have increased to 453,100.

SAN DIEGO COUNTY

FHA: Loan limits have increased to $649,750, for a single unit property in San Diego County.
Fannie Mae: New Fannie Mae mortgage loan limit in San Diego County is $649,750.
Freddie Mac: Freddie Mac mortgage loan limit in San Diego County is $649,750.
VA: Loan limits for a VA loan in San Diego County have increased to $649,750.

VENTURA COUNTY

FHA: Loan limits have increased to $672,750, for a single unit property in Ventura County.
Fannie Mae: New Fannie Mae mortgage loan limit in Ventura County is $672,750.00
Freddie Mac: Freddie Mac mortgage loan limit in Ventura County is $672,750.00
VA: Loan limits for a VA loan in Ventura County have increased to $672,750.

Based in Orange County, CA, with offices throughout SoCal, the top-rated and top-reviewed e mortgage consultants at Summit Lending can be reached online, on Facebook or via phone at 888-451- 9006. From conventional fixed rate loans to Jumbo loans, VA loans and cash out refinances, FHA loans and reverse mortgages, we help you accomplish your real estate financing goals, through providing you with the best options at the best rates available today.