In 2017, the baseline loan limit for most counties across the U.S. will be $424,100, a slight increase over 2016.
More expensive markets, such as New York City and San Francisco, have conforming loan limits as high as $636,150.
Anything above these maximum amounts is considered a “jumbo” mortgage.
Conforming loan limits for continental United States
1 unit is $424,100 and $636,150
2 unit is $543,000 and $814,500
3 unit is $656,350 and $984,525
4 unit is $815,650 and $1,223,475
Conforming loan limits for Alaska & Hawaii
1 unit is $721,050 and $954,225
2 unit is $923,050 and $1,221,750
3 unit is $1,115,800 and $1,476,775
4 unit is $1,386,650 and $1,835,200
Call Joshua Crater at 949-278-0766 for information on specific loan limits in your county and how to access special Jumbo rates if you are needing a loan amount higher than conforming limits.
NMLS: #218312 | Company NMLS #1838
Terms, conditions & restrictions apply. Subject to underwriting approval. Application required; not all applicants will be approved. Property insurance and other documentation may be required. Loan secured by a lien against your property. Consolidating or refinancing debts may increase the time and/or the finance charges/total loan amount needed to repay your debt. Fees and charges may apply, and may vary by product and state. Taxes & insurance extra. Appraisal and other fees paid outside of closing (POC) are non-refundable. Important information relating specifically to your loan will be contained in the loan documents, which alone will establish your rights and obligations under the loan plan. Call for details.