Great News!!!! The conforming loan limit for Los Angeles County is $510,400, and the conforming high balance limit is $765,600. This will allow folks to get great low rates with higher loan limits rather than be forced to go with a Jumbo loan. Jumbo loans usually have stricter guidelines, need more reserves and lower debt to income ratios required to qualify…..So let’s toast to a great 2020!!!!
Jeff Eisenberg, Broker – Southern Oaks Mortgage, Inc.- DRE Lic. #01458657 | NMLS #237717
661-964-2600 or jeff@somloans.com | www.somloans.com
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