Higher loan limits have just been announced for 2018. This is great news for anyone looking to purchase a home in the coming year. It is not yet confirmed that FHA and VA will increase accordingly, but most likely they will. If you are currently in escrow and/or closing after Jan 1st 2018, you may be able to restructure your loan. Since some buyers may benefit from the higher limit, it is important to talk with your Loan Officer.
Here are the numbers based on the most popular counties in Southern California:
Riverside, San Bernardino and Imperial Counties: $453,100
San Diego County: $649,750
Ventura County: $672,750
Orange and Los Angeles Counties: $679,850
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