2016 Loan Limits for San Diego County

2016 Loan Limits in San Diego

2016 Loan Limits for San Diego County have been announced

Watch this video and find out what is staying the same and what has changed for the 2016 Loan Limits for San Diego County.

Or scroll down and read the transcript with links.


Let’s get started and look at the 2016 conforming and high balance loan limits.

Conforming loan limits will remain unchanged in San Diego County for 2016.

Conforming loan limits is usually what is referred to when you see interest rate quoted on the Internet, on TV or elsewhere. However, because we are in a high cost area in San Diego we also have access to high balance loans.

High balance loans did receive a bit of a boost for 2016. (check out the 2015 loan limits)

Now notice that, just like with conforming loan, there are higher limits for two, three, and four unit properties. This will allow you to avoid the more stringent guidelines and additional down payment requirements of a jumbo loan should you be purchasing a multi-unit property.

So what are the down payment requirements in 2016?

Let’s take a look at the down payment requirements for 1 unit properties.

Conforming conventional loans do have a provision for owner occupied purchases for first time home buyers.  They allow you to purchase a home with as little as 3% down. Those that are not first time home buyers will need a minimum of 5%.

However, if you are an investor those loans do require 15% down payment.  FHA loans will remain at 3 1/2% and VA at 0 down as long as you are within the county loan limits.

High balance loans do not have a provision for first time home buyers so owner-occupied loans do require a minimum of 5% down.

The big winners were investors as the minimum down payment was dropped from 35% to only 15% for 1 unit properties.  FHA and VA remain the same. Again, as long as you are within the county loan limits.

Wondering if you can qualify for a loan? Well find out by clicking here and registering for your free consultation.

There you have it, the roundup of the 2016 loan limits.  Thank you so much for watching (reading). We’ll see you next time and don’t forget to subscribe!


This is not an offer to lend.  Not all applicants will qualify.  Not all programs are available in all states. Content is provided for informational purposes and is deemed reliable as of the date created (12/21/2015) but not guaranteed. Source: Fannie Mae Selling Guide published December 15,2015. Mann Mortgage NMLS#2550. Branch NMLS#1125306. Licensed by the Department of Business Oversight under the California Residential Lending Act. License #813K741

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