Author bio section

I am the author of this blog and also a top-producing Loan Officer and CEO of InstaMortgage Inc, the fastest-growing mortgage company in America. All the advice is based on my experience of helping thousands of homebuyers and homeowners. We are a mortgage company and will help you with all your mortgage needs. Unlike lead generation websites, we do not sell your information to multiple lenders or third-party companies.

Bay Area Conforming and FHA Loan Limit goes down

These loan amounts over $417,000 are known by several names like – Loan Limits for High Cost Areas, Super Conforming Loans, High Balance Loans or Conforming Jumbo loans. They are going down from the current $729,750 to $625,500. For the current loan limit of $729,750 the loan has to be closed by September 30, 2011 so no lender is accepting new applications anymore with that limit. The table below shows new loan limits for Conforming loans by both Fannie Mae and Freddie Mac.


For most Bay Area Counties around San Jose, CA the loan limit for a 1-unit home like Single Family House, Townhouse and Condo will be $625,500.

Go to Fannie Mae website, download the spreadsheet titled “View the list of Loan Limits” under the Topic “Loan Limits by Area” and then click on the sheet “2011 Loan Limit by County”. If that sounds like too much to do, simply email me at [email protected].

Changes in FHA Jumbo Loan Limits

For Forward Mortgages (All standard FHA loans other than Reverse Mortgages), the FHA floors for the period October 1, 2011 through December 31, 2011 are $271,050, $347,000, $419,425 and $521,250 for 1-, 2-, 3- and 4-unit dwellings, respectively. The FHA ceilings are $625,500, $800,775, $967,950 and $1,202,925 for 1-, 2-, 3- and 4-unit dwellings, respectively.

Again, most of San Francisco Bay Area Counties like Santa Clara, Alameda, San Mateo, San Francisco and Contra Costa qualifies for the maximum Loan Limits i.e. $625,500 for Single Family Houses, Town homes and Condominiums.

For HECMS (Reverse Mortgages), the maximum claim amount will remain at $625,500.

To look up FHA Mortgage Loan Limit by County – go to this link or simply call me – 408.615.0655.

Watch my YouTube Video that talks about the impact of reduction in Conforming and FHA Loan Amount Limits.