Southern California Loan Limits For 2009

In my 2009 San Diego Real Estate Outlook, I suggested that lower loan limits could cause a convergence of home prices.  I expect the mid-priced homes ($500,000 to $1,000,000) to decline towards the loan limits while lower priced homes (under $500,000) already dove in 2008.

Southern California Loan Limits For 2009:

Loan Type         San Diego          Orange          Los Angeles

VA                    $697,500           $729,750       $729,750        (no change from 2008)

FHA                   $546,250          $625,500        $625,500

Conforming        $546,250          $625,500        $625,500

Originally Posted on Millionaire Real Estate Lender