[quote=jpinpb][quote=SDEngineer]FHA limits in San Diego County are around $685K, so pretty much everything in the low and mid range inventory qualifies.
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Is that right?! 685k?

And I forgot the debt to income. Great if you don’t have any car payments, student loans, etc. And we all know that the US consumer never uses their credit cards.
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Yup. They raised the FHA cap the same time they raised the Fannie/Freddie conforming cap.

They do a pretty good job enforcing the DTI’s though, so if you get a FHA loan, it’s a payment that you can almost certainly afford.

BTW, according to my LO, there are still prime conforming loans available with less than 20% down, even in declining areas.

Even if it was 450K though, you’re covering a lot of ground at that price level – just not the most desireable high end areas (coastal, 4S, CV, etc) – but those areas have the furthest yet to fall, as a lot of people there still seem to think they’re “immune” despite now costing 2x+ as much ppsf than their less desireable cousins inland and in north and south county areas.