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Answers (4)
- Ray Blindauer, "SigmaWealth"
- Contributions:246
So that would mean the Chase rep is incompetent in at least two jobs now.
- Steve Du, "Bestcamortgage"
- Contributions:9
The Chase rep is wrong. The limit of $417K is regular confirming loan. Jumbo loan is a loan that is greater than $625,000 (up to 3 million dollars).
A loan between $417,000 and $625,000 is called agency jumbo. Hope it helps.
A loan between $417,000 and $625,000 is called agency jumbo. Hope it helps.
The conforming limit in Alameda county is $625,500. The FHA limit is $729,750. The Chase rep you spoke with most like worked at Wendy's last week as the fry guy so don't put too much weight in what was said.
- Andrew Adams, "203K Specialist"
- Contributions:9349
You are looking for the high balance limits which will vary county to county...Shockingly bankrate looks about right to me but I do not lend in CA.
What is the current jumbo loan limit?
However, bankrate.com shows that for California, the limit is $625,500.
Thanks.
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