2022 Home Loan limits
2022 Loan limits for Conventional, FHA, and VA loans
š FHA LOAN LIMITSĀ š
- Riverside/San Bernardino – $562,350
(Max Purchase Price with 3.5% down = $582,746) - San Diego County – $879,750
(Max Purchase Price with 3.5% down = $911,658) - LA /Orange County – $970,800
(Max Purchase Price with 3.5% down = $1,006,010)
š CONVENTIONAL CONFORMING LOAN LIMITS š
- Riverside/San Bernardino County – $647,200
(Max Purchase Price with 5% down = $681,283) - San Diego County – $879,750
(Max Purchase Price with 5% down = $926,052) - Orange / LA County – $970,800
(Max Purchase Price with 5% down = $1,021,894) - VA HAS NO LOAN LIMITS VA Loans. There will still be no loan limits on VA loans in 2022, so there will be no change from 2021, which is fantastic for VA buyers.
It’s that time of year again! New loan limits for 2022 were just announced at the end of November 2021
Loan limits for Riverside County, San Diego County, Orange County, and Los Angeles County tend to increase yearly, so why is this good news for home buyers and sellers? When loan limits are increased, it helps buyers to keep up with the rising home prices, so increasing the loan limits gives buyers more buying power. Still, on the flip side, this also raises home prices, putting more money in the seller’s pocket to help them move up or down by using their home’s equity. Some people might ask if this is a bad thing; well put, with inflation on the rise in 2021, it was expected for home prices to increase like everything else, so as long as the feds keep the interest rates low, then this should be a win-win for all buyers and sellers.
Start working with the Top Rated Temecula Valley Real Estate Experts Michael & Anita Marchena.
If you or anyone you know has been considering buying or selling real estate, 2022 looks to be another great year with these new loan limits for Riverside County, San Diego County, Orange County, and Los Angeles County. Feel free to contact us if you have any questions or want to start the 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.Ā
Contact your local Real Estate Brokers and Home Loan Expert Michael & Anita Marchena, today at 951-392-8511
Do you want to start the loan process to purchase a home? Tobie Love can help!
Contact our preferred Michael Marchena at (951) 392-8511 to see what you qualify for, and let’s get you into a new home in 2022.Ā
Your Go-To Real Estate Professionals in Riverside County, California
Looking to buy or sell a home in Riverside County, California? Weāre your go-to real estate professionals, ready to assist buyers and sellers alike! For buyers, weāll 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!