FHA Loan Limits for California 2024

fha

FHA Loan Limits for California by County, 2024

 

 

CA County Name
FHA Loan Limit FHA Duplex Loan Limit
ALAMEDA $1,149,825 $2,211,600
ALPINE $503,700 $968,650
AMADOR $498,257 $958,350
BUTTE $498,257 $958,350
CALAVERAS $498,257 $958,350
COLUSA $498,257 $958,350
CONTRA COSTA $1,149,825 $2,211,600
DEL NORTE $498,257 $958,350
EL DORADO $763,600 $1,468,500
FRESNO $498,257 $958,350
GLENN $498,257 $958,350
HUMBOLDT $498,257 $958,350
IMPERIAL $498,257 $958,350
INYO $508,300 $977,500
KERN $498,257 $958,350
KINGS $498,257 $958,350
LAKE $498,257 $958,350
LASSEN $498,257 $958,350
LOS ANGELES $1,149,825 $2,211,600
MADERA $498,257 $958,350
MARIN $1,149,825 $2,211,600
MARIPOSA $498,257 $958,350
MENDOCINO $546,250 $1,050,500
MERCED $498,257 $958,350
MODOC $498,257 $958,350
MONO $693,450 $1,333,600
MONTEREY $920,000 $1,769,250
NAPA $1,017,750 $1,957,250
NEVADA $644,000 $1,238,500
ORANGE $1,149,825 $2,211,600
PLACER $763,600 $1,468,500
PLUMAS $498,257 $958,350
RIVERSIDE $644,000
$1,238,500
SACRAMENTO $763,600 $1,468,500
SAN BENITO $1,149,825 $2,211,600
SAN BERNARDINO $644,000 $1,238,500
SAN DIEGO $1,006,250
$1,935,150
SAN FRANCISCO $1,149,825 $2,211,600
SAN JOAQUIN $656,650 $1,262,800
SAN LUIS OBISPO $929,200 $1,786,950
SAN MATEO $1,149,825 $2,211,600
SANTA BARBARA $838,350 $1,612,250
SANTA CLARA $1,149,825 $2,211,600
SANTA CRUZ $,149,825 $2,211,600
SHASTA $498,257 $958,350
SIERRA $498,257 $958,350
SISKIYOU $498,257 $958,350
SOLANO $685,400 $1,318,100
SONOMA $877,450 $1,687,450
STANISLAUS $517,500 $995,200
SUTTER $498,257 $958,350
TEHAMA $498,257 $958,350
TRINITY $498,257 $958,350
TULARE $498,257 $958,350
TUOLUMNE $498,257 $958,350
VENTURA $954,500 $1,835,600
YOLO $763,600 $1,468,500
YUBA $498,257 $958,350

VA Loans in 2024

VA Logo

2024 VA Loans

LOCAL REPRODUCTION AUTHORIZED
Veterans Benefits Administration Circular 26-23-26

Department of Veterans Affairs December 1, 2023
Washington, D.C. 20420

Federal Housing Finance Agency (FHFA) Announces 2024 Conforming Loan Limits

1. Purpose.
On November 28, 2023, the Federal Housing Finance Agency (FHFA) announced
the maximum conforming loan limits (CLL), also known as Freddie Mac CLL, for 2024. In
VA’s program the CLL can impact the entitlement calculation for some Veterans. The new
FHFA loan limits are found at:
https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-
Loan-Limit.aspx
.
2. Freddie Mac Conforming Loan Limit Impact on Borrowers with Partial Entitlement
. If an
eligible Veteran with partial entitlement seeks a loan of more than $144,000, the CLL is part of
the formula to calculate remaining entitlement
1. In such cases, the amount of remaining
entitlement is calculated by taking 25% of the CLL and subtracting the previously used
entitlement that was not restored
2. VA-guaranteed loans are often securitized in pools that
require the loan to have a 25% guaranty. For Veterans without full entitlement who do not make
a down payment, lenders often limit the total loan amount to four times the amount of the
remaining entitlement or, put another way, four times the amount of VA’s guaranty. Down
payments required on VA loans are typically far less than down payments required on other loan
products. As a reminder, the guaranty percentage on the loan guaranty certificate only reflects
VA’s guaranty on the loan and may not represent total coverage for secondary market purposes.

3.
Single and Multi-Unit Properties. Lenders should note that while a Veteran may use a VA-
guaranteed loan to purchase a multi-unit property, the entitlement statute requires the use of the
CLL applicable to a single-family residence, (i.e., single unit property)
3.
4.
Interest Rate Reduction Refinancing Loans (IRRRLs). The Freddie Mac CLL does NOT
apply to IRRRLs. For IRRRLs greater than $144,000, VA will guarantee 25 percent of the loan
amount, regardless of the Veteran’s entitlement
4.
5. Effective Date:
The CLL increases are effective for loans closed on or after January 1, 2024.
6. Rescission:
This Circular is rescinded January 1, 2025.
By Direction of the Under Secretary for Benefits

John E. Bell, III

Executive Director

Loan Guaranty Service

Distribution: CO: RPC 2021 SS (26A1) FLD: VBAFS, 1 each (Reproduce and distribute
based on RPC 2021)

1
38 U.S.C. 3703 (a)(1)(c)(iii)(I)
2
38 U.S.C. 3703 (a)(1)(c)(ii)
3
38 U.S.C. 3703 (a)(1)(c)(iii)(II)
4
38 U.S.C. 3710 (e)(2)

Welcome to La Jolla Cove, Home of the Seals

La-Jolla-cove

La Jolla Cove is a picturesque cove and beach in La Jolla, San Diego, California. The Cove is a very small beach in comparison to the other beaches in San Diego and is within walking distance of the Children’s Pool Beach. The Children’s Pool Beach consists of a built sea wall that was made to create a safe zone for children and families to come and enjoy the waters without being bombarded by the ocean waves. La Jolla is also known as “the jewel” of San Diego. Up on the bluffs above the beach and stretching south to other nearby beaches including Shell Beach, is Scripps Park, a grassy area with trees and other plantings. The Park is commonly used for picnicking and relaxing.

Part of the beach and shallow water at the Cove
Lifeguards are present at the Cove every day of the year from 9 am until the sun sets. The Cove is a very popular spot for swimming, snorkeling and scuba diving. Due to the fact that La Jolla Cove is within the San Diego-La Jolla Underwater Park (a marine refuge area), swimming devices such as surfboards, boogie boards, and even inflatable mattresses are not permitted, and kayakers are not allowed into the Cove; these rules are carefully enforced by the lifeguards on duty. Because of the ecological reserve, no fishing or collecting of marine invertebrates, (even taking dead specimens or seashells) is allowed in this area. All sea animals in this area are protected by law, including the orange Garibaldi fish, which are unusually common in the Cove. A few sea lions can sometimes be seen in the deeper water of the Cove or basking on rocks.

As is the case at other beaches, the lifeguard’s chalkboard indicates the time of the next high or low tide, and also the water temperature. The water temperature in the Cove is sometimes cooler than in some other areas of San Diego’s coastline because the Cove faces out into deeper water. The weather at the cove elicits its rare microclimate that seldom hits below 50 degrees or surpasses 90 degrees.

Right at the top of the Cove, conveniently, there is a group of outdoor showers, and large public restrooms which include an indoor area for changing in and out of swimsuits etc.

The La Jolla Cave, also known as “Sunny Jim Cave”, is a short walking distance from the Cove and from the local businesses that are situated up above the shoreline. The cave is accessible through The Cave Store, which charges a nominal fee to go down a staircase leading to the cave itself.

The La Jolla Cove is home to the annual “La Jolla Cove Rough Water Swim” which is one of the oldest ocean swims in the world.

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Gallery 2018

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