Loan Limits
There are loan limits set for different kinds of loans in different areas. These dictate how much you can borrow in a given area. Below is a breakdown of local loan limits. If you have questions about these loan limits, feel free to contact us.
VA - All Counties
- Up to *$2M loan amounts (above $2M by exception); VA has removed its county loan limits
- Up to 100% financing with full VA entitlement
- Owner-occupied only
- Must be a VA eligible borrower
*Subject to full entitlement. Greater than $1.2 million, additional restrictions apply.
Jumbo - All Counties
- Minimum 10.01% down payment for up to $3M loan amounts; fixed-rate and ARM* programs
- Loan-to-value (LTV), FICO credit score, and Debt-to-Income Ratio Limitations apply, per requirements and/or exceptions of the specific loan program
*ARM = Adjustable-rate mortgage.
FHA - All Counties
- 3.5% minimum down payment – 580 FICO credit score required with AUS approval and max DTI of 50% with 580-619 FICO
- Co-borrowers and co-signers allowed
- Ask about down payment assistance
Conventional - All Counties
- Higher loan limits allowed for properties with 2–4 units
- Co-borrowers and co-signers allowed
- Ask about our low down payment options and down payment assistance programs
San Bernardino County
| Loan Type | Purchase Price | Loan Limit - 1 Unit |
|---|---|---|
| FHA with Minimum Down Payment | $582,746 | $562,350 |
| Loan Type | Loan Limit - 1 Unit | Purchase Price 5% Down | Purchase Price 3% Down |
|---|---|---|---|
| Conventional (Fannie Mae & Freddie Mac) | $726,200 | $681,263 | $667,216 |
| Loan Type | 1 Unit Limit | 2 Unit Limit | 3 Unit Limit | 4 Unit Limit |
|---|---|---|---|---|
| Conventional (Fannie Mae & Freddie Mac) | $726,200 | $828,700 | $1,001,650 | $1,244,850 |
Not a commitment to lend. Borrower must meet qualification criteria.
The HLC Team
Office Phone: 909.744.6981
27201 Highway 189, Suite A | Blue Jay, California 92317
© Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. Member FDIC.
Company NMLS ID#2258
Loan Production Office
(www.nmlsconsumeraccess.org)
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