Skip to main content

FHA Loan Limits for California

Updated FHA Loan Limits

FHA has once again changed the loan limits for their loan programs. 
As I am in Riverside County, I try to keep up with our limits here.  We now have a raised limit of $379,500 for a purchase price.  This is a significant jump from the previous years of $356,560.  Here is the link to view all counties for FHA loan limits. 
If you are intersted in finding the right home, in a great neighborhood, with some of the best schools, call me.  This new loan limit will open a lot of doors for you.

Comments

Post a Comment

Popular posts from this blog

Talking Real Estate, ADU's! Dec 2023

  DECEMBER 2023 Whether you own a home or looking to buy or sell one, here are the latest Good To Know articles for when you're ready to take the next step in finding your Forever Home. DAVID BURKE REALTOR®   |   Lic# DRE #01426860 (760) 250-2570   |   https://davidburke.bhhscaproperties.com 74-990 HWY 111 Indian Wells, CA 92210 HOMEOWNERS, TRENDS, HOME VALUES, HOMEBUYERS, RENTS All About ADUs, Granny Flats and Rental Income Homeowners who want to add more value to their properties are turning to an evolving trend: building a second home in their own back yards. With housing costs higher than ever, some   housing experts   believe that   additional dwelling units   (ADUs) are a viable answer to the current housing shortage. The only problem is overcoming outdated building codes, but that's improving rapidly. ADU is an umbrella term that covers granny flats, guest houses, cabanas, carriage houses, tiny homes, and garage apartments, to name a f...
Post a Comment
Read more

July 2021 Real Estate update

  JULY 2021 Whether you own a home or are looking to buy or sell one, here are some useful tips, ideas and advice. When you're ready to make your move, give me a call or drop me a line. DAVID BURKE REALTOR® | Lic# DRE #01426860 (760) 250-2570 | iListHouses.com 73-700 El Paseo Palm Desert, CA 92260 HOMEBUYER'S ADVICE Is It Cheaper to Rent or Buy? Home prices are going up, but in some areas of the country, it may be cheaper for you to save money for your own home by renting another year. According to  Move.com , renters can save thousands on a lease in the nation's largest tech hubs, compared to pre-pandemic prices. In February 2021, the U.S. median rent, which is calculated by averaging the median rent of the 50 largest metros, was up 0.6% to $1,452, well below its pre-COVID growth rate of 3.2%. Meanwhile, the median mortgage payment, reports  TheBalance.com   ,  was $1,100 in 2020. Monthly mortgage payments are based on the loan amount, inter...
Post a Comment
Read more

Talking Real Estate, Lets talk about selling a 2nd home March 2021

  MARCH 2021 Whether you own a home or are looking to buy or sell one, here are some useful tips, ideas and advice. When you're ready to make your move, give me a call or drop me a line. DAVID BURKE REALTOR® | Lic# DRE #01426860 (760) 250-2570 |  https://davidburke. bhhscaproperties.com 73-700 El Paseo Palm Desert, CA 92260 FINANCIAL ADVICE Home Ownership Hedges Against Inflation Great financial reasons to own real estate, advises  Biggerpockets.com , are building equity, tax advantages that don't exist for other asset classes, not having to pay rent, passive income from rental properties, among many others. One of the greatest advantages is that buying a home is a terrific hedge against inflation. Since 1913, the annual inflation rate in the U.S. has averaged 3.10%. As the cost of goods and services rises, so do the costs of buying a home. Currently, mortgage interest rates, or the borrowing costs to buy a home, are at record lows. If you were to purchase ...
Post a Comment
Read more