Conforming Conventional Loans

Conforming loans are conventional loans that meet bank-funding criteria set by Fannie Mae and Freddie Mac. Both of these stock-holding companies buy mortgage loans from lending institutions and secure them for resale to the investment community. Every year, form October to October, Fannie Mae and Freddie Mac establish limits on what constitutes a conforming loan in a mean home price.Buying back mortgage loans allow these agencies to provide a continuous flow of affordable funding to banks that reinvest their money back into more mortgage loans. Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market – effectively decreasing the demand for non-conforming loans.

San Diego Conforming Loans Limits 2023

For information on limits in other counties in California, call us at (619) 840-2021.

1 Unit 2 Units 3 Units 4 Units
Conforming Loan Limit $726,200 $929,850 $1,123,900 $1,396,800
San Diego County High Balance Limit $977,500 $1,251,400 $1,512,650 $1,879,850
Orange County High Balance Limit $1,089,300 $1,394,775 $1,685,850 $2,095,200
San Bernardino County High Balance Limit $726,200 $929,850 $1,123,900 $1,396,800
Riverside County High Balance Limit $726,200 $929,850 $1,123,900 $1,396,800
Los Angeles County High Balance Limit $1,089,300 $1,394,775 $1,685,850 $2,095,200

We are located centrally in San Diego, and work with clients throughout the county and state, including Eastlake, Chula Vista, Imperial Beach and La Mesa.