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Mortgage Broker in Calabasas CA | Home Loans | 818-995-1200

The Arch Corporation is a residential and commercial mortgage and real estate brokerage serving residents throughout the state of California.

(818) 995-1200

Conventional Loans
in California

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When you are applying for a loan, one of the first things you will need to consider is whether the amount you need to borrow is above or below the conventional loan limits established by Fannie Mae and Freddie Mac.

So long as the financing that you need does not exceed those limits, you should be able to take out a conventional loan. This type of loan also can be referred to as a “conforming loan.”

To borrow a larger sum, you will need to look into a jumbo mortgage in California instead.

What Are the Conventional Loan Limits in California?

Conforming loan limits are set by county rather than by state. This is necessary because some counties are far more expensive to live in than others. In a state like California which has a number of high-cost areas, there can be quite a bit of variation in conventional loan limits from county to county.

The baseline conventional loan limits in California for 2019 are:

One-Unit Limit:

$484,350

Two-Unit Limit:

$620,200

Three-Unit Limit:

$749,650

Four-Unit Limit:

$931,600

Let’s take a look at a few examples of conforming loan limits in some higher-cost areas in CA.

The conventional loan limits in Los Angeles for 2019 are:

One-Unit Limit:

$726,525

Two-Unit Limit:

$930,300

Three-Unit Limit:

$1,124,475

Four-Unit Limit:

$1,397,400

The 2019 San Francisco conforming loan limits are:

One-Unit Limit:

$726,525

Two-Unit Limit:

$930,300

Three-Unit Limit:

$1,124,475

Four-Unit Limit:

$1,397,400

In 2019, the San Diego conforming loan limits are:

One-Unit Limit:

$690,000

Two-Unit Limit:

$883,300

Three-Unit Limit:

$1,067,750

Four-Unit Limit:

$1,397,400

When you schedule your residential loan consultation with us, we can let you know whether it will be possible to finance your residential real estate purchase using a conforming loan or not in your county.

Either way, we are committed to bringing you the most competitive interest rates and terms for whichever type of loan you need.

What to Know About Qualifying for Conforming Loans in California

When applying for conventional financing, the following criteria affect your loan offers:

Financial metrics such as your credit score and your debt-to-income ratio.

The down payment you make a loan.

Employment status.

Financial history.

These factors combine to give potential lenders an idea of how much risk they will be undertaking by offering you a mortgage. The more risky they perceive the loan to be, the more expensive the loan will be as well.

When your risk profile is favorable, however, you can expect interest rates and fees to be minimal in return.

Need advice on improving your DTI, credit score, and other aspects of your risk profile? This is something we can discuss with you in-depth during a consultation.

Apply Now for a Conventional Mortgage in California

If you are ready to schedule your consultation for a conventional loan in California, the Arch Corporation is prepared to bring you a competitive mortgage which fits your needs. Please call (818) 995-1200 or email doug@thearchcorporation.com to apply now.

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Equal Housing Lender

The Arch Corporation is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. This material is not from HUD or FHA and has not been approved by HUD or a government agency. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.