Dan Chapman

Branch Manager, Mortgage Loan Originator

NMLS #1100657
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Aug 31 2017
Dan
47 posts

203K Loans For Multi Units

For some buyers they may want to purchase a multi-family residence so that they may have renters pay for some of their mortgage.  Some possible problems to this scenario may be renovation costs or even vacancy issues.  A multi-family residence that needs work can be financed using a 203k loan however; the buyer must also live there and be considered their primary residence.

Just like the VA loan there are loan limits for different counties in the state of California.  The more units a buyer purchases the higher the loan limit will be.  For the San Diego area a four-family unit is $1,178,750 as opposed to only $612,950 for a single family unit.

The table below lists the counties in California and their loan limit for a 203k loan:

The Chapman Lending Team at HomeBridge Financial is honored to help many veterans utilize their VA home loan benefit each and every year.  Our goal is to provide the best customer service in the industry along with the most competitive rates and fees.

Semper Fi, Dan Chapman CAPT, USMC (vet)

ChapmanTeam@HomeBridge.com          Call (760) 456-7139

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County One-Family Two-Family Three-Family Four-Family
ALAMEDA SAN FRANCISCO-OAKLAND-HAYWARD, CA $636,150 814,500 984,525 1,223,475
ALPINE NON-METRO $463,450 593,300 717,150 891,250
AMADOR NON-METRO $332,350 425,450 514,300 639,150
BUTTE CHICO, CA $293,250 375,400 453,750 563,950
CALAVERAS NON-METRO $373,750 478,450 578,350 718,750
COLUSA NON-METRO $275,665 352,950 426,625 530,150
CONTRA COSTA SAN FRANCISCO-OAKLAND-HAYWARD, CA $636,150 814,500 984,525 1,223,475
DEL NORTE CRESCENT CITY, CA $275,665 352,950 426,625 530,150
EL DORADO SACRAMENTO–ROSEVILLE–ARDEN-ARCADE, CA $488,750 625,700 756,300 939,900
FRESNO FRESNO, CA $281,750 360,700 436,000 541,800
GLENN NON-METRO $275,665 352,950 426,625 530,150
HUMBOLDT EUREKA-ARCATA-FORTUNA, CA $327,750 419,550 507,150 630,300
IMPERIAL EL CENTRO, CA $275,665 352,950 426,625 530,150
INYO NON-METRO $369,150 472,550 571,250 709,900
KERN BAKERSFIELD, CA $275,665 352,950 426,625 530,150
KINGS HANFORD-CORCORAN, CA $275,665 352,950 426,625 530,150
LAKE CLEARLAKE, CA $275,665 352,950 426,625 530,150
LASSEN SUSANVILLE, CA $275,665 352,950 426,625 530,150
LOS ANGELES LOS ANGELES-LONG BEACH-ANAHEIM, CA $636,150 814,500 984,525 1,223,475
MADERA MADERA, CA $275,665 352,950 426,625 530,150
MARIN SAN FRANCISCO-OAKLAND-HAYWARD, CA $636,150 814,500 984,525 1,223,475
MARIPOSA NON-METRO $322,000 412,200 498,250 619,250
MENDOCINO UKIAH, CA $373,750 478,450 578,350 718,750
MERCED MERCED, CA $275,665 352,950 426,625 530,150
MODOC NON-METRO $275,665 352,950 426,625 530,150
MONO NON-METRO $529,000 677,200 818,600 1,017,300
MONTEREY SALINAS, CA $575,000 736,100 889,800 1,105,800
NAPA NAPA, CA $636,150 814,500 984,525 1,223,475
NEVADA TRUCKEE-GRASS VALLEY, CA $477,250 610,950 738,500 917,800
ORANGE LOS ANGELES-LONG BEACH-ANAHEIM, CA $636,150 814,500 984,525 1,223,475
PLACER SACRAMENTO–ROSEVILLE–ARDEN-ARCADE, CA $488,750 625,700 756,300 939,900
PLUMAS NON-METRO $336,950 431,350 521,400 648,000
RIVERSIDE RIVERSIDE-SAN BERNARDINO-ONTARIO, CA $379,500 485,800 587,250 729,800
SACRAMENTO SACRAMENTO–ROSEVILLE–ARDEN-ARCADE, CA $488,750 625,700 756,300 939,900
SAN BENITO SAN JOSE-SUNNYVALE-SANTA CLARA, CA $636,150 814,500 984,525 1,223,475
SAN BERNARDINO RIVERSIDE-SAN BERNARDINO-ONTARIO, CA $379,500 485,800 587,250 729,800
SAN DIEGO SAN DIEGO-CARLSBAD, CA $612,950 784,700 948,500 1,178,750
SAN FRANCISCO SAN FRANCISCO-OAKLAND-HAYWARD, CA $636,150 814,500 984,525 1,223,475
SAN JOAQUIN STOCKTON-LODI, CA $362,250 463,750 560,550 696,650
SAN LUIS OBISPO SAN LUIS OBISPO-PASO ROBLES-ARROYO GRAN $586,500 750,800 907,550 1,127,900
SAN MATEO SAN FRANCISCO-OAKLAND-HAYWARD, CA $636,150 814,500 984,525 1,223,475
SANTA BARBARA SANTA MARIA-SANTA BARBARA, CA $636,150 814,500 984,525 1,223,475
SANTA CLARA SAN JOSE-SUNNYVALE-SANTA CLARA, CA $636,150 814,500 984,525 1,223,475
SANTA CRUZ SANTA CRUZ-WATSONVILLE, CA $636,150 814,500 984,525 1,223,475
SHASTA REDDING, CA $275,665 352,950 426,625 530,150
SIERRA NON-METRO $304,750 390,100 471,550 586,050
SISKIYOU NON-METRO $275,665 352,950 426,625 530,150
SOLANO VALLEJO-FAIRFIELD, CA $431,250 552,050 667,350 829,350
SONOMA SANTA ROSA, CA $595,700 762,600 921,800 1,145,600
STANISLAUS MODESTO, CA $299,000 382,750 462,650 575,000
SUTTER YUBA CITY, CA $276,000 353,300 427,100 530,750
TEHAMA RED BLUFF, CA $275,665 352,950 426,625 530,150
TRINITY NON-METRO $275,665 352,950 426,625 530,150
TULARE VISALIA-PORTERVILLE, CA $275,665 352,950 426,625 530,150
TUOLUMNE SONORA, CA $331,200 424,000 512,500 636,900
VENTURA OXNARD-THOUSAND OAKS-VENTURA, CA $636,150 814,500 984,525 1,223,475
YOLO SACRAMENTO–ROSEVILLE–ARDEN-ARCADE, CA $488,750 625,700 756,300 939,900
YUBA YUBA CITY, CA $276,000 353,300 427,100 530,750
If your property has been affected by a hurricane, please visit HomeBridge’s Hurricane Resource Center.