There’s some good news in store for San Diego County’s current & future homeowners. The Federal Housing Finance Agency (FHFA) has just announced the maximum conforming loan limits for home loans underwritten to Fannie Mae & Freddie Mac guidelines for next year, and San Diego County is among the 46 counties across the country that will receive an increase in loan limits in 2015.
As of January 2015, the maximum conforming loan limit for San Diego County will increase from $546,250 to $562,350, a gain of $16,100. This increase means a buyer can soon purchase an owner- occupied property with just 10% down up to a purchase price of $624,775. Homeowners looking to refinance will also benefit from this increase.
“We’re loving our new place and we’re very pleased with how smoothly everything went through closing. Thanks for keeping us up to date on the possibility of refinancing at a lower rate; we trust your judgement as far as waiting until the rate is around 5% lower before we refinance. We’re very interested in pursuing that if rates drop to that level. Thanks so much for all your help and personal attention!”
Thank you Chad and Team
Chad and his team have been a pleasure to work with. I’m a 3rd time home owner. Wish I had known Chad and team a lot sooner. He made my 3rd home purchase very easy. There were a lot of moving pieces and they handled with professionalism and care. Juliann was a pleasure to work with too. The whole team made it possible for us to move into our dream home. Thanks you Chad and Team!
Chad and his team was awesome throughout the entire process. They made things easy and smooth, and able to answer any questions at anytime. By far the best experience with a lending team yet. Great job!”