2024 Loan Limits
VA - All Counties
- Up to *$2M loan amounts (above $2M by exception)
- 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 5% down payment for up to $3.5M loan amounts; fixed-rate and ARM* programs
- Loan-to-value and debt-to-income ratio limitations apply based on requirements and/or exceptions of the specific loan program *ARM = Adjustable-rate mortgage.
FHA - All Counties
- 3.5% minimum down payment – 580 credit score required with AUS approval and max DTI of 50% with 580-619 credit score
- 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
Santa Barbara County
| Loan Type | 1 Unit | 2 Units | 3 Units | 4 Units |
|---|---|---|---|---|
| Conventional Conforming | $838,350 | $1,073,250 | $1,297,300 | $1,612,250 |
| FHA | $805,000 | $1,030,550 | $1,245,700 | $1,548,100 |
San Luis Obispo County
| Loan Type | 1 Unit | 2 Units | 3 Units | 4 Units |
|---|---|---|---|---|
| Conventional Conforming | $929,200 | $1,189,550 | $1,437,900 | $1,786,950 |
| FHA | $911,950 | $1,167,450 | $1,411,200 | $1,753,800 |
Ventura County
| Loan Type | 1 Unit | 2 Units | 3 Units | 4 Units |
|---|---|---|---|---|
| Conventional Conforming | $954,500 | $1,221,950 | $1,477,050 | $1,835,600 |
| FHA | $948,750 | $1,214,600 | $1,468,150 | $1,824,550 |
Los Angeles County
| Loan Type | 1 Unit | 2 Units | 3 Units | 4 Units |
|---|---|---|---|---|
| Conventional Conforming | $1,149,825 | $1,472,250 | $1,779,525 | $2,211,600 |
| FHA | $1,089,300 | $1,394,775 | $1,685,850 | $2,095,200 |
Additional requirements, restrictions, and underwriting conditions may apply. Speak with your loan officer for details. Not a commitment to lend. Borrower must meet qualification criteria.