2018 Orange County Loan Limits
Fannie Mae and Freddie Mac announced they will be raising their loan limits for 2018. Typically, loan limits are raised when median home prices are increasing, which was obviously the case in 2017. The limit is increasing from $424,100 to $453,100 for a one-unit property in many areas of the country. In high cost areas, such as Los Angeles and Orange Counties the high balance loan limits are being raised to $679,650. This is welcome news as conforming loans often have better rates, smaller down payment requirements and more lenient guidelines as compared to Jumbo or Non-Conforming loans.