The 2024 high-balance conforming loan limit for San Francisco County is $1,149,825.
The 2024 “low-balance” conforming loan limit for San Francisco County is $766,550.
- Both loan limits above are based on a 1-unit property.
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Loans between $766,550 and $1,149,825 for a 1-unit property in San Francisco 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 San Francisco County may qualify for lower rates and costs by waiving Loan Level Pricing Adjustments or LLPAs if their gross annual qualifying income is $199,920 or less.
Loans above $1,149,825 for 1-unit properties in San Francisco 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.
Here are the high-balance conforming loan limits for 2 to 4-unit properties in San Francisco County…
- 2-unit property – $1,472,250
- 3-unit property – $1,779,525
- 4-unit property – $2,211,600
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 San Francisco County.
Below are the “low-balance” conforming loan limits for 2 to 4-unit properties in San Francisco 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 San Francisco County 2024
If you are looking for a purchase loan or a refinance in San Francisco 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 |
---|---|
Oct 4, 2024 | 1:50 PM |
Loan Type | Loan Purpose | Loan Term | Interest Rate | APR | Points |
---|---|---|---|---|---|
Conforming | Purchase | 30 year fixed | 5.875% | 5.976% | 0.809 |
Conforming | Purchase | 30 year fixed | 6.125% | 6.151% | 0.000 |
Conforming | Purchase | 20 year fixed | 5.625% | 5.788% | 1.040 |
Conforming | Purchase | 15 year fixed | 4.875% | 5.050% | 0.869 |
FHA | Purchase | 30 year fixed | 5.500% | 6.236% | 0.000 |
VA | Purchase | 30 year fixed | 5.500% | 5.724% | 0.000 |
Conforming
30 Year Fixed
Interest | APR | Points |
---|---|---|
5.875% | 5.976% | 0.809 |
6.125% | 6.151% | 0.000 |
20 Year Fixed
Interest | APR | Points |
---|---|---|
5.625% | 5.788% | 1.040 |
15 Year Fixed
Interest | APR | Points |
---|---|---|
4.875% | 5.050% | 0.869 |
FHA
30 Year Fixed
Interest | APR | Points |
---|---|---|
5.500% | 5.724% | 0.000 |
VA
30 Year Fixed
Interest | APR | Points |
---|---|---|
5.500% | 6.236% | 0.000 |