Loan limits increased across the nation again in 2020. Here are the new California FHA and conforming loan limits for 1 unit properties by county: **2-4 unit properties have higher loan limits- contact us for those. County FHA Conv. Alameda 765,600 765,600 Alpine 463,450 510,400 Amador 355,350 510,400 Butte 331,760 510,400 Calaveras 373,750 510,400 Colusa […]
Program to Help Parents Who Want to Purchase a Home for Their Disabled Adult Child
There is a little know program offered Fannie Mae that allows parents of physically or developmentally disabled children to purchase a home for their adult child as an owner-occupied home. These parents will likely already own an owner-occupied home and the advantages of being able to purchase another home as owner occupied are twofold. The […]
Conforming Loan Limits for 2019
The Federal Housing Finance Agency (FHFA) announced an increase in 2019 to the maximum conforming loan limits. The new loan limits are up about $30,000 from 2018 to $484,350 for non high-cost areas and up about $45,000 to $726,525 for high cost areas. Here is a little background on conforming loan limits and how they […]