2021 Riverside County Loan limits for Conventional, FHA, VA Home Loans
Temecula Valley/Riverside County 2021 Loan limits for Conventional, FHA, VA,
- $548,250 Conventional loan limits for 2021
- $477,250 FHA loan limits for 2021
- No Limits VA loan limits for 2021
Riverside County loan limits tend to increase yearly, so why is this good news for home buyers and sellers? Home prices have been rising, and due to the rise in home pricing, this often makes it hard for homebuyers to find the right home due to loan limits being too low, so an increase in loan limits will open doors for anyone looking to make a move. The increase in loan limits for Riverside County is also excellent news for sellers because, with these increased loan limits, buyers will have more purchasing power, allowing home prices to stabilize in some cases or increase in others.
Conventional loan limits for 2021 are now $548,250 compared to 2020’s $510,400, giving conventional buyers $37,850 more purchasing power.
FHA’s new loan limits for 2021 are $477,250 compared to $442,750 in 2020, which increases buying power by $34,500.
VA Loans, There will still be no loan limits on VA loans in 2021, so no change from 2020, which is fantastic for VA buyers.
If you have been thinking about buying or selling real estate, 2021 looks to be another great year with these new loan limits for Riverside County. Feel free to contact us if you have any questions or would like to start the homeownership process. Michael & Anita Marchena are local Realtors located in Temecula, California 92592, but service all of Temecula Valley, including but not limited to Temecula, Murrieta, Menifee, Winchester, French Valley, Wildomar, Hemet, San Jacinto, Perris, Lake Elsinore, Corona, and all surrounding areas.
Start working with Temecula Valley Local Real Estate Experts.
Are you thinking about buying or selling? Then contact your local Real Estate Brokers & home loan Specialist Michael & Anita Marchena, today at 951-392-8511
Do you need to start the loan process to purchase a home?
Real Estate Broker & Home Loan Specialist Michael Marchena can help!
Your Go-To Real Estate Professionals in Temecula Valley, California
Looking to buy or sell a home in Temecula Valley, California? We’re your go-to real estate professionals, ready to assist buyers and sellers alike! For buyers, we’ll help you find the perfect home that fits your lifestyle and budget, guiding you through every step from the initial search to closing. For sellers, our expert marketing strategies ensure your property stands out, attracting the right buyers and getting you top dollar. With our experience in both real estate and home loans, we offer a smooth, stress-free process for all your real estate needs. Reach out today and let us make your Menifee real estate journey a success!