California Conforming Loan Limit 2010

[fishfinder333]

Do you guys know what the conforming loam limit is for Irvine, CA? I believe its 625k right? If i take a loan for 460k it I shouldn't charged a higher rate right? Thanks in advance.

 

[Irvine2Irvine]

Do you guys know what the conforming loam limit is for Irvine, CA? I believe its 625k right? If i take a loan for 460k it I shouldn't charged a higher rate right? Thanks in advance.

I think OC is $729K and at least for BofA loan it's 1/8 percent higher for loans above $417K.

 

[fe9000]

Hello,

Yes you will be charged a higher rate.  When the loan amount is over 417K it's consider conforming jumbo, it's not the same as regular conforming loan.  The guideline is also tighter.

 

[sgip]

All true. $729k. About .125% in rate higher. 90% max. Crossing 45% DTI is difficult.

The national high cost area jumbo conforming loan amounts cap at $625k with certain areas allowed to fund up to $729k. These limits are considered "temporary" but we all know, wink wink, that once a Gubmint program comes it never leaves.

My .02c

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