Each State and County have been updated with the new 2018 Mortgage Loan Limits on mortgages to be acquired by Fannie Mae and Freddie Mac. What does this mean for a homebuyer in San Diego county? The sales price they can purchase has now increased based on minimum down payment requirements.
For example: In 2017 if you did 5% down the maximum sales price to stay within high balance loan limits in San Diego County was $645,210, in 2018 with the higher loan limits the maximum sales price in San Diego County with 5% down to stay within high balance loan limits is $683,947
For more information and to get pre-qualified regardless if you are a first time homebuyer or not call or text The Schmidt Team at 858-336-5200