• Call Me: 888-777-3671

BLOG

Conventional Financing up to $679,650

Conventional Financing up to $679,650

Oso Creek Financial has a fantastic new loan program we call "Jumbo Statewide" that allows financing up to $679,650 as a conventional loan for the entire State of California. The conforming limit only goes up to $453,100 in most counties in California - although there are a few areas labeled as "High Cost Areas" by Fannie Mae and Freddie Mac that go up to $679,650. Loans between $453,100 and $679,650 are called Conforming High Ballance or Agency Jumbo’s. If you are not in a High Cost Area any mortgage amount above $453,100 would either need to be a true Jumbo loan or a combo loan.

* Jumbo loans typically have higher interest rates and are harder to qualify for because you need to show more income and more assets -That’s what makes this option less attractive.
* Combo loans may be a good option if the second mortgage is small but fixed second mortgages typically have high interest rate s and variable second mortgage like a Home Equity Line of Credit (Heloc) probably is not the best option in a rising rate environment.

This Loan program requires:
* Starting at 680 Fico
* 10% Down
* Primary & Secondary Homes


Here is a list of counties that will benefit by this program:

County Conforming limit (As of March 2018)
AMADOR $453,100
BUTTE $453,100
CALAVERAS $453,100
COLUSA $453,100
DEL NORTE $453,100
FRESNO $453,100
GLENN $453,100
HUMBOLDT $453,100
IMPERIAL $453,100
INYO $453,100
KERN $453,100
KINGS $453,100
LAKE $453,100
LASSEN $453,100
MADERA $453,100
MARIPOSA $453,100
MENDOCINO $453,100
MERCED $453,100
MODOC $453,100
PLUMAS $453,100
RIVERSIDE $453,100
SAN BERNARDINO $453,100
SHASTA $453,100
SIERRA $453,100
SISKIYOU $453,100
STANISLAUS $453,100
SUTTER $453,100
TEHAMA $453,100
TRINITY $453,100
TULARE $453,100
TUOLUMNE $453,100
YUBA $453,100
SOLANO $460,000
ALPINE $463,450
NEVADA $477,250
EL DORADO $517,500
PLACER $517,500
SACRAMENTO $517,500
YOLO $517,500
MONO $529,000
MONTEREY $615,250
SAN LUIS OBISPO $615,250
SANTA BARBARA $625,500
SONOMA $648,600
SAN DIEGO $649,750
VENTURA $672,750


You can also look up loan limits here: on Fannie Mae.

Call me today at (888) 777-3671 or fill out the quote request so we can qualify you for this fantastic new program

Free Rate Quote!

Get free rate quote and closing cost analysis. Use our 3 Step form to get started!

Step

Step1 rates

Step

Step2 rates

Step

Step3 rates