The conforming loan limit for 2023 in Merced County is $726,200.
- The limit above is based on a 1-unit property.
Loans above $726,200 in Merced County would be considered a jumbo loan. Big banks and credit unions tend to have the most competitive rates on jumbo loans. As a mortgage broker, we are most competitive on conforming loans, which are loans under $726,200 in Merced County.
Having said this, as a mortgage broker, we can offer jumbo loans with more straightforward qualifying guidelines, and we can close jumbo loans in as little as 15 days. Most big banks and credit unions have difficulty closing quickly, and their guidelines will undoubtedly be tighter. (lower debt-to-income ratio requirements, higher reserve requirements…etc.)
If you are looking for a jumbo loan, we can either refer you to a jumbo lender with the best rates, or we would be happy to give you a hand if we are a better fit for you.
We are able to lend on 2-4 unit properties as well. Here are the conforming loan limits for multi-unit properties in Merced County…
- 2-unit property – $929,850
- 3-unit property – $1,123,900
- 4-unit property – $1,396,800
If you are looking for a purchase loan or a refinance in Merced County, we would love to work with you! You won’t find a lower rate and better service than Community First Mortgage.
Request a quick rate quote below and see how much you can save!