The 2024 high-balance conforming loan limit for Napa County is $1,017,750.
The 2024 “low-balance” conforming loan limit for Napa County is $766,550.
- Both loan limits above are based on a 1-unit property.
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Loans between $766,550 and $1,017,750 for a 1-unit property in Napa County are considered high-balance conforming loans. High-balance loans tend to have slightly higher interest rates and slightly tighter qualifying guidelines compared to loans under the low-balance limit of $766,550. With a high-balance loan, you can put as little as 5% down, and the entire down payment can be a gift.
If you can keep your loan under $766,550, you will be rewarded with a lower interest rate and payment. Also, you can put as little as 3% down, and the entire down payment can be a gift.
First-time home buyers purchasing a home in Napa County may qualify for lower rates and costs by waiving Loan Level Pricing Adjustments or LLPAs if their gross annual qualifying income is $145,320 or less.
Loans above $1,017,750 for 1-unit properties in Napa County are considered jumbo loans. Jumbo loans can have more difficult qualifying requirements, such as mandatory reserve funds and lower maximum debt-to-income ratios.
Below are the high-balance conforming loan limits for 2 to 4-unit properties in Napa County…
- 2-unit property – $1,302,900
- 3-unit property – $1,574,900
- 4-unit property – $1,957,250
You can secure a lower interest rate and put as little as 5% down on a primary residence if you keep your loan amount under the “low-balance” limits for 2 to 4-unit properties in Napa County.
Below are the “low-balance” conforming loan limits for 2 to 4-unit properties in Napa 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 Napa County 2024
If you are looking for a purchase loan or a refinance in Napa 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 |
---|---|
Nov 8, 2024 | 3:31 PM |
Loan Type | Loan Purpose | Loan Term | Interest Rate | APR | Points |
---|---|---|---|---|---|
Conforming | Purchase | 30 year fixed | 6.125% | 6.234% | 0.872 |
Conforming | Purchase | 30 year fixed | 6.500% | 6.527% | 0.000 |
Conforming | Purchase | 20 year fixed | 5.990% | 6.129% | 0.837 |
Conforming | Purchase | 15 year fixed | 5.625% | 5.688% | 0.129 |
FHA | Purchase | 30 year fixed | 5.750% | 6.489% | 0.000 |
VA | Purchase | 30 year fixed | 5.750% | 5.977% | 0.000 |
Conforming
30 Year Fixed
Interest | APR | Points |
---|---|---|
6.125% | 6.234% | 0.872 |
6.500% | 6.527% | 0.000 |
20 Year Fixed
Interest | APR | Points |
---|---|---|
5.990% | 6.129% | 0.837 |
15 Year Fixed
Interest | APR | Points |
---|---|---|
5.625% | 5.688% | 0.129 |
FHA
30 Year Fixed
Interest | APR | Points |
---|---|---|
5.750% | 5.977% | 0.000 |
VA
30 Year Fixed
Interest | APR | Points |
---|---|---|
5.750% | 6.489% | 0.000 |