California Home Loan Programs

It may take some time to understand all of your loan choices and to figure out which one may best fit your situation. We’ll help you gain an understanding of the loans that are available and give you the information you need to make decisions based on your best interests. The following guide will help you to determine the minimum down and the corresponding loan programs available for your loan scenario.

• Minimum down
• Maximum loan amount
• Loan Program

Minimum Down Maximum Loan Loan Program Occupancy
0% up to $726,525* VA loan Primary Residence
Loan Amounts** up to $1,000,000 VA loan Primary Residence
0% up to $543,720* USDA loan Primary Residence
3% up to $726,525* Home Possible® Primary Residence
3% up to $726,525* HomeReady Primary Residence
3.50% up to $726,525*** FHA loan Primary Residence
5% up to $726,525* Conventional Primary Residence
5% up to $2,500,000 Portfolio No MI Primary Residence
20% up to $2,000,000 Portfolio Jumbo Primary Residence
25% up to $2,500,000 Portfolio Jumbo Primary Residence
30% up to $3,000,000 Portfolio Jumbo Primary Residence
40% up to $4,000,000 Portfolio Jumbo Primary Residence
10% up to $726,525* Conventional Second Home
20% up to $1,000,000 Portfolio Jumbo Second Home
25% up to $1,500,000 Portfolio Jumbo Second Home
30% up to $2,000,000 Portfolio Jumbo Second Home
40% up to $4,000,000 Portfolio Jumbo Second Home
20% up to $726,525* Conventional Investor
25% up to $1,000,000 Portfolio Jumbo Investor
30% up to $1,500,000 Portfolio Jumbo Investor
35% up to $2,000,000 Portfolio Jumbo Investor

Loan amounts up to $20,000,000 are available on a case-by-case basis.

*The maximum conforming loan amount for the State of California varies by County and ranges from $484,350 to $726,525. See below for a sample list of Southern California County loan limits. If your county is not included below, see the complete list of maximum conforming loan limits by county.

**VA Jumbo – The minimum down for a VA Jumbo is 25% of any amount over $484,350*.

***$543,720 is the max loan amount for USDA loans in Orange County. Please click here for a complete list of lending limits for USDA loans in all California counties.

****$726,525 is the max loan amount for FHA loans in Orange County. Please click here for a complete list of lending limits for FHA loans in all California counties.

Loan Programs

Portfolio Jumbo Loans
$484,351 and up

Agency Loans
Fannie Mae, Freddie Mac, FHA, VA, & USDA

Government Loans
FHA, VA, USDA

Portfolio Loans
Non-agency and non-government

Loan Terms

Government Loan Terms
VA and FHA
30yr fixed
5/1 ARM

USDA
30yr fixed

Conventional Loan Terms
30yr fixed
15yr fixed
10yr ARM
7yr ARM
5yr ARM
3yr ARM

Portfolio Loan Terms
30yr fixed
15yr fixed
10yr ARM
7yr ARM
5yr ARM
3yr ARM
1yr ARM

Loan Limits

State of California Loan Limits

1 unit 2 units 3 units 4 units
$484,350 $620,200 $749,650 $931,600

*Southern California County Loan Limits – Agency Jumbo

Orange County
1 unit 2 units 3 units 4 units
$726,525 $930,300 $1,124,475 $1,397,400
Los Angeles County
1 unit 2 units 3 units 4 units
$726,525 $930,300 $1,124,475 $1,397,400
San Diego County
1 unit 2 units 3 units 4 units
$690,000 $883,300 $1,067,750 $1,326,950
Riverside County
1 unit 2 units 3 units 4 units
$484,350 $620,200 $749,650 $931,600