Up till now the required minimum down payment on high
balance loans was 10%. Starting next month we will only require 5% down on
these types mortgages. Read below for all revisions.
As a direct lender with all operations in-house we can close
these type loans in 30 days.
We have what it takes!
This summary is great news. This is not a commitment to lend or give you a 95% Jumbo conventional high balance loan for California counties that the high balance
loan limit is $625,500.00
Other counties such as Riverside the loan amount is lower.
See below for dollar amounts.
These dollar amounts do change annually.
All criteria are subject to the formal terms and conditions
of the Fannie Mae Selling Guide.
High-Balance Loans: Policy Update Summary
Effective with the implementation of Desktop Underwriter® (DU®)
Fannie Mae will update the eligibility requirements for high-balance mortgage loans as follows
for details and the high-balance product matrix more information will be released
Removed: Overlays requiring a 5% minimum borrower contribution from borrower’s own funds; an appraisal field review for loans of more than $625,000 and a loan to value or combined loan to value ( LTV CLTV) above 80%; and the appraisal to have two comparable sales from outside the subject project when loan is secured by a condominium unit.
Aligned: Maximum LTV/CLTV/HCLTV ratios for borrowers with 5−10 financed properties aligned with the requirements for loans subject to the general loan limits.
Retained: An appraisal field review is required for properties valued at $1 million or more with an LTV/CLTV/HCLTV above 75%; and all borrowers must have traditional credit to qualify.
New: High-balance loans must be underwritten through DU.
Updated: Eligibility ratios as shown in the table.
Property Type
Maximum Loan-to-Value (LTV) Ratio for High-Balance Loans
NEW Effective December 12, 2015
Before Update
Purchase Transaction
1-unit principal residence
FRM: 95%; ARM: 90%
FRM: 90%; ARM: 75%
2-unit principal residence
FRM: 85%; ARM: 75%
FRM: 75%; ARM: 65%
3- to 4-unit principal residence
FRM: 75%; ARM: 65%
Second Home
FRM: 90%; ARM: 80%
FRM/ARM: 65%
1-unit investment
FRM: 85%; ARM: 75%
2- to 4-unit investment
FRM: 75%; ARM: 65%
Limited Cash-Out Refinance Transaction
1-unit principal residence
FRM: 95%; ARM: 90%
FRM:90%; ARM: 75%
2-unit principal residence
FRM: 85%; ARM: 75%
FRM: 75%; ARM: 65%
3-4-unit principal residence
FRM: 75%; ARM: 65%
Second Home
FRM: 90%; ARM: 80%
FRM/ARM: 65%
1-unit investment
FRM: 75%; ARM: 65%
2-4-unit investment
Cash-Out Refinance Transaction
1-unit principal residence
FRM: 80%; ARM: 75%
FRM/ARM: 60%
2- to 4-unit principal residence
FRM: 75%; ARM: 65%
Not available
Second Home
1-unit investment
2- to 4-unit investment
FRM: 70%; ARM: 60%
Counties that increased loan limit in 2015
| Monterey County | CA | SALINAS, CA | $ 483,000 | $ 502,550 | $ 19,550 |
| Napa County | CA | NAPA, CA | $ 592,250 | $ 615,250 | $ 23,000 |
| San Diego County | CA | SAN DIEGO-CARLSBAD, CA | $ 546,250 | $ 562,350 | $ 16,100 |
County Name
One-Unit Limit
Two-Unit Limit
Three-Unit Limit
Four-Unit Limit
ALAMEDA
$729,750
$934,200
$1,129,250
$1,403,400
ALPINE
$547,500
$700,900
$847,200
$1,052,900
AMADOR
$443,750
$568,050
$686,650
$853,350
BUTTE
$417,000
$533,850
$645,300
$801,950
CALAVERAS
$462,500
$592,050
$715,700
$889,450
COLUSA
$417,000
$533,850
$645,300
$801,950
CONTRA COSTA
$729,750
$934,200
$1,129,250
$1,403,400
DEL NORTE
$417,000
$533,850
$645,300
$801,950
EL DORADO
$580,000
$742,500
$897,500
$1,115,400
FRESNO
$417,000
$533,850
$645,300
$801,950
GLENN
$417,000
$533,850
$645,300
$801,950
HUMBOLDT
$417,000
$533,850
$645,300
$801,950
IMPERIAL
$417,000
$533,850
$645,300
$801,950
INYO
$437,500
$560,050
$677,000
$841,350
KERN
$417,000
$533,850
$645,300
$801,950
KINGS
$417,000
$533,850
$645,300
$801,950
LAKE
$417,000
$533,850
$645,300
$801,950
LASSEN
$417,000
$533,850
$645,300
$801,950
LOS ANGELES
$729,750
$934,200
$1,129,250
$1,403,400
MADERA
$425,000
$544,050
$657,650
$817,300
MARIN
$729,750
$934,200
$1,129,250
$1,403,400
MARIPOSA
$417,000
$533,850
$645,300
$801,950
MENDOCINO
$512,500
$656,100
$793,050
$985,600
MERCED
$472,500
$604,900
$731,150
$908,650
MODOC
$417,000
$533,850
$645,300
$801,950
MONO
$529,000
$677,200
$818,600
$1,017,300
MONTEREY
$729,750
$934,200
$1,129,250
$1,403,400
NAPA
$729,750
$934,200
$1,129,250
$1,403,400
NEVADA
$562,500
$720,100
$870,450
$1,081,750
ORANGE
$729,750
$934,200
$1,129,250
$1,403,400
PLACER
$580,000
$742,500
$897,500
$1,115,400
PLUMAS
$417,000
$533,850
$645,300
$801,950
RIVERSIDE
$500,000
$640,100
$773,700
$961,550
SACRAMENTO
$580,000
$742,500
$897,500
$1,115,400
SAN BENITO
$729,750
$934,200
$1,129,250
$1,403,400
SAN BERNARDINO
$500,000
$640,100
$773,700
$961,550
SAN DIEGO
$697,500
$892,950
$1,079,350
$1,341,350
SAN FRANCISCO
$729,750
$934,200
$1,129,250
$1,403,400
SAN JOAQUIN
$488,750
$625,700
$756,300
$939,900
SAN LUIS OBISPO
$687,500
$880,100
$1,063,850
$1,322,150
SAN MATEO
$729,750
$934,200
$1,129,250
$1,403,400
SANTA BARBARA
$729,750
$934,200
$1,129,250
$1,403,400
SANTA CLARA
$729,750
$934,200
$1,129,250
$1,403,400
SANTA CRUZ
$729,750
$934,200
$1,129,250
$1,403,400
SHASTA
$423,750
$542,450
$655,700
$814,900
SIERRA
$417,000
$533,850
$645,300
$801,950
SISKIYOU
$417,000
$533,850
$645,300
$801,950
SOLANO
$557,500
$713,700
$862,700
$1,072,150
SONOMA
$662,500
$848,100
$1,025,200
$1,274,050
STANISLAUS
$423,750
$542,450
$655,700
$814,900
SUTTER
$425,000
$544,050
$657,650
$817,300
TEHAMA
$417,000
$533,850
$645,300
$801,950
TRINITY
$417,000
$533,850
$645,300
$801,950
TULARE
$417,000
$533,850
$645,300
$801,950
TUOLUMNE
$437,500
$560,050
$677,000
$841,350
VENTURA
$729,750
$934,200
$1,129,250
$1,403,400
YOLO
$580,000
$742,500
$897,500
$1,115,400
YUBA
$425,000
$544,050
$657,650