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    New Conforming Loan Limits Benefit Buyers in Southern CA

    Yesterday the Federal Housing Finance Agency (FHFA) announced 2021 Freddie Mae and Freddie Mac conforming loan limits.

    The increase represents the fifth year in a row the FHFA has raised the limits and considers a nearly 7.5% increase in the U.S average house price, determined by the FHFA House Price Index. The news, is a big benefit for homebuyers in Southern California, who face some of the country’s most expensive home prices. Cohen Financial Group can start originating loans under the 2021 guidelines starting December 1.

    Here is an easy reference guide outlining the 2021 limits in Southern California by county. Click here to view the FHFA announcement and gain access to nationwide data.

    Minimum Conforming Loan limits for Los Angeles and Surrounding Counties*
    1-UNIT
    $548,250
    2-UNIT
    $702,000
    3-UNIT
    $848,500
    4-UNIT
    $1,054,500
    Maximum Conforming Loan Limits for Los Angeles and Orange County*
    1-UNIT
    $822,375
    2-UNIT
    $1,053,000
    3-UNIT
    $1,272,750
    4-UNIT
    $1,581,750
    Maximum Conforming Loan Limits for Ventura County*
    1-UNIT
    $739,450
    2-UNIT
    $946,650
    3-UNIT
    $1,144,250
    4-UNIT
    $1,422,050
    Maximum Conforming Loan Limits for Santa Barbara County*
    1-UNIT
    $660,100
    2-UNIT
    $845,050
    3-UNIT
    $1,021,450
    4-UNIT
    $1,269,450
    Maximum Conforming Loan Limits for San Diego County*
    1-UNIT
    $753,250
    2-UNIT
    $964,300
    3-UNIT
    $1,165,600
    4-UNIT
    $1,448,600

    *as of 2021, source – FHFA

    Mark Cohen
    CEO & Founder, Cohen Financial Group
    310-777-5401
    markcohen@cohenfinancialgroup.com