San Mateo County Conforming Loan Limits 2024

The high-balance conforming loan limit for 2024 in San Mateo County is $1,149,825.

The “low-balance” conforming loan limit for 2024 in San Mateo County is $766,550.

• Both loan limits above are based on a 1-unit property.

Click Here to See Our Fantastic Rates!

Loans between $766,550 and $1,149,825 in San Mateo County are considered high-balance conforming loans.  High-balance loans tend to have slightly higher interest rates than loans under $766,550 (“low-balance”) and can have slightly tighter qualifying guidelines.

If you can keep your loan under $766,550 by putting down enough and/or keeping your sales price low enough, you will be rewarded with a lower interest rate and payment.

Loans above $1,149,825 in San Mateo 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 $1,149,825 in San Mateo County.

Having said this, as a mortgage broker, we can offer jumbo loans with easier 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 certainly 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 can lend on 2-4 unit properties as well.  Here are the conforming loan limits for multi-unit properties in San Mateo County…

• 2-unit property – $1,472,250
• 3-unit property – $1,779,525
• 4-unit property – $2,211,600

Click Here for FHA Loan Limits for San Mateo County 2023

If you are looking for a purchase loan or a refinance in San Mateo 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.

Check out our reviews on Yelp!

(Rates subject to change without notice)

Loan Assumptions