Conventional loans are mortgage loans offered by non-government sponsored lenders. These loan types include:
Fixed Rate Loans
Adjustable Rate Loans (ARMs)
Combination (Hybrid) Loans
Balloon Mortgages and Pledge Asset Loans
Jumbo / Construction Loans
Reverse Mortgage
MAXIMUM LOAN LIMITS BY COUNTY:
SAN LUIS OBISPO COUNTY -561,200.00
LA COUNTY - 625,500.00
SAN DIEGO COUNTY -546,250.00
FRESNO COUNTY -417,000.00
KERN COUNTY - 417,000.00
ORANGE COUNTY -625,500.00
VENTURA COUNTY -598,000.00
Note: any loan over $417,000 to the above limits is known as Jumbo Conforming
Anything over the above limits is Non conforming (Jumbo) loans.
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