2018 Mortgage Loan Limits Increased

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



Leave a Reply

Your email address will not be published. Required fields are marked *