2018 FHA County Loan Limits in California. HUD/FHA determines their maximum county mortgage limit differently than FHFA (Conventional conforming loans). The FHA is required to set single family floor and ceiling loan limits ranging from 80% to 150% of the median house prices. The current floor is $294,515 and the ceiling is $679,650.
The higher FHA limit is expected to become law after the president signs the spending measures. "Restoring the higher loan limits for the FHA will provide. John Campbell, a California Republican,
California mortgage loans have been difficult for many borrowers in the state, because so many residents are used to stated income loans. Many borrowers will need to get California jumbo loans as well, because the loan amounts will exceed the 2014 FHA loan limits for California.
California jumbo loan limits by county for 2010. Jumbo loans are anything that is over the conforming loan limit and must qualify for jumbo loan financing – either through fha jumbo programs or private ones.. Most counties within California have a 2018 conforming loan limit of $463,450, for a single-family home.