The 2024 conforming loan limit for Kern County is $766,550 for a 1-unit property.
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If your loan amount is under $766,550 you can put as little as 3% down, and your entire down payment can be a gift.
First-time homebuyers purchasing a home in Kern County may qualify for lower rates and costs by waiving Loan Level Pricing Adjustments or LLPAs if their gross annual qualifying income is $72,600 or less.
Loans above $766,550 in Kern County would be considered a jumbo loan. Jumbo loans can have more difficult qualifying requirements, such as mandatory reserve funds and lower maximum debt-to-income ratios.
Homebuyers can put as little as 5% down on 2-4-unit properties as long as the property is their primary residence.
Here are the conforming loan limits for 2 to 4-unit properties in Kern County…
- 2-unit property – $981,500
- 3-unit property – $1,186,350
- 4-unit property – $1,474,400
Click Here for FHA Loan Limits for Kern County 2024
If you are looking for a purchase loan or a refinance in Kern County, we would love to work with you! We can close a purchase loan in as little as 10 days and refinances in 15 days. You won’t find a lower rate and better service than Community First Mortgage.
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Date Updated | Time |
---|---|
Apr 18, 2024 | 9:17 AM |
Loan Type | Loan Purpose | Loan Term | Interest Rate | APR | Points |
---|---|---|---|---|---|
Conforming | Purchase | 30 year fixed | 6.750% | 6.890% | 1.146 |
Conforming | Purchase | 30 year fixed | 6.999% | 7.030% | 0.033 |
Conforming | Purchase | 20 year fixed | 6.490% | 6.637% | 0.879 |
Conforming | Purchase | 15 year fixed | 5.875% | 6.046% | 0.814 |
FHA | Purchase | 30 year fixed | 6.250% | 7.001% | 0.066 |
VA | Purchase | 30 year fixed | 6.250% | 6.484% | 0.000 |
Conforming
30 Year Fixed
Interest | APR | Points |
---|---|---|
6.750% | 6.890% | 1.146 |
6.999% | 7.030% | 0.033 |
20 Year Fixed
Interest | APR | Points |
---|---|---|
6.490% | 6.637% | 0.879 |
15 Year Fixed
Interest | APR | Points |
---|---|---|
5.875% | 6.046% | 0.814 |
FHA
30 Year Fixed
Interest | APR | Points |
---|---|---|
6.250% | 6.484% | 0.000 |
VA
30 Year Fixed
Interest | APR | Points |
---|---|---|
6.250% | 7.001% | 0.066 |