20 Jan 2017 FHA Loan Limits for Southern California
The new 2017 FHA loan limits have been released and in San Diego County, the limits are increasing from $580,750 to $612,950 in 2017, that’s more than $30,000!
Common Questions about FHA Loan Limits:
What is an FHA Loan?
An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for
mortgage insurance, which protects the lender from a loss if the borrower defaults on the loan. Because of that
insurance, lenders can — and do — offer FHA loans at attractive interest rates and with less stringent and more
flexible qualification requirements. The FHA is an agency within the U.S. Department of Housing and Urban
Can you originate loans with these new loan limits?
Yes! We can originate these loan with the new loan limits effective Jan 1, 2017.