The high-balance conforming loan limit for 2022 in Santa Barbara County is $783,150.
The “low-balance” conforming loan limit for 2022 in Santa Barbara County is $647,200.
***Update as of 9/7/22 – We now have lenders accepting loans up to $715,000 as “low balance” conforming loans and up to $865,100 for high balance conforming loans in Santa Barbara County in anticipation of the increase in loan limits for 2023. We expect the conforming loan limits for 2023 to be even higher when the limits come out in November 2022, but for now, borrowers can take advantage of the new, higher loan limits. Request your free rate quote today!***
Both loan limits above are based on a 1-unit property.
Loans between $647,200 and $783,150 in Santa Barbara County are considered high-balance conforming loans. High-balance loans tend to come with slightly higher interest rates than loans under $647,200 (“low-balance”) and can have slightly tighter qualifying guidelines.