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Current FNMA/Freddie High Balance/Super Conforming limit is still $546K in SD county. (Higher in OC & LA) I think that FHA has higher limits.
There has been talk of raising the limits again, but until it’s actually in place, it’s just talk.
15% down is still required on loan amounts above $417K-$546K… Below $417K, 5% down is still possible.
30 YR fixed rates are available as low as 4.25% on either program, it’s just a matter of what you are willing/able to pay in costs.
For a 30 YR fixed loan above $546K you are usually dealing with portfolio lending. Rates and terms are all over the board.
5YR or 7YR ARMS are available on higher amounts as well. …HLS https://www.efanniemae.com/sf/refmaterials/loanlimits/index.jsp
