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Conventional loan amounts up to and including $417,000 are considered Conforming loans, or Agency loans, and are typically backed by Fannie Mae and Freddie Mac. In San Diego County, conventional loan amounts greater than $417,000 and less than or equal to $697,500 are considered High Balance Conforming loans (also known as Conforming Plus, Conforming Jumbo, and Agency Jumbo). Some areas, like Los Angeles and Orange County, have high balance conforming limits as high as $729,750. These loans are still backed by Fannie Mae/Freddie...continue reading...

Are you thinking of buying a home in Rancho Bernardo? If so, with the world of financing having been turned upside down in the last year, reviewing your options is what our team recommends to our clients and in conjunction with our team's lender. The right or wrong decision when signing your home mortgage can mean thousands of dollars difference in interest paid. There are very important considerations to evaluate before you commit to a 15 or 30 year note....continue reading...

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