On November 18th, a bill was signed into law that reinstates higher conforming loan limits for FHA guaranteed mortgages. The FHA loan limit has been raised back to $729,750 (from $625,500) for single family homes in high-cost areas like the San Francisco Bay Area. The higher loan limits had expired on Oct. 1st earlier this year. While the FHA loan limits have been reinstated back to $729,750, conventional loan limits for Fannie Mae and Freddie Mac mortgages were NOT increased in this bill and they remain at the $625,500 maximum level for single family homes.

You can review the HUD online database to see the FHA loan limits by county.

FHA allows mortgages for a down payment as low as 3.5%. Interest rates and loan fees will vary depending on different loan scenarios.

With the FHA loan limit change there may be new opportunities for you to consider. I’m available for any questions you have and to review different scenarios that you’re considering. Call me if you’d like to discuss your options.

Andy Block - Mortgage Advisor & Financial Advisor
Opes Advisors
Email Me 
Direct: 650.931.0605
Fax: 650.931.0601

License #01096311
400 S. El Camino Real
Suite 250
San Mateo, CA 94402
Fax 650.931.0601

Opes Advisors is licensed as a registered investment advisor with the Securities and Exchange Commission (SEC) and is licensed as a Residential Mortgage Lender by the CA Dept of Real Estate.