Hawaii and California Home Loan Programs

Both Conventional and Government loans are considered Agency Loans because they are backed by one of the following government agencies:

  • Federal National Mortgage (Fannie Mae)
  • Federal Home Loan Mortgage Corp. (Freddie Mac)
  • Government National Mortgage Association (Ginnie Mae)

A Conforming Conventional Loan is one that is saleable to Fannie Mae or Freddie Mac with a loan amount up to the conforming limit, which is $1,149,825 throughout the state of Hawaii and $766,550 in most California counties. Once the loan amount exceeds the conforming limit, it becomes a Jumbo loan. Conforming Conventional loans are available in terms of 15-year and 30-year fixed and 5-year, 7-year, and 10-year Adjustable Rate Mortgages (ARMs).

Government Loans are saleable to Ginnie Mae and include the following loan categories: VA loans, FHA loans, and USDA loans. There is a variety of loan terms available for Government loans – inquire when you speak with your Pacific Home Loans Loan Officer for more detailed information.

Non-Agency Loans, those loans that are not backed by Freddie, Fannie, or Ginnie, are called Portfolio Loans. These loans are available for financing when a loan scenario does not fit within the Agency guidelines. Pacific Home Loans is able to extend these loan programs in terms of 15-year and 30-year fixed and 1-year to 10-year Adjustable Rate Mortgages (ARMs).

Your Pacific Home Loans Loan Officer will be able to guide you in selecting the loan program and term that is best for you.

The following guides will help you to determine the minimum down and the corresponding loan programs available for your loan scenario.

  • Minimum Down
  • Maximum Price
  • Loan Program

Primary Residence

Minimum Down Maximum Purchase Price* Loan Program
0% $1,149,825 VA loan
0% $725,000 USDA (select counties)
3% $1,185,387 HomePossible
3% $1,185,387 HomeReady
3.5% $1,012,950 FHA (select counties)
5% $1,210,342 Conventional 1 Unit
5% $1,549,736.84 Conventional 2 Unit
5% $1,873,184.21 Conventional 3 Unit
5% $2,328,000 Conventional 4 Unit
10% $1,666,667 Portfolio No MI
15% $3,529,411 In-House
20% $3,750,000 In-House
20% $3,750,000 Portfolio
25% $4,000,000 Portfolio
30% $7,142,858 Portfolio

Second Home

Minimum Down Maximum Purchase Price* Loan Program
10% $1,277,583 Conventional
15% $3,529,411 In-House
20% $3,750,000 In-House
25% $6,666,667 Portfolio

Investor

Minimum Down Maximum Purchase Price* Loan Program
20% $1,437,281 In-House
25% $4,000,000 Portfolio
30% $1,642,607 In-House
35% $7,695,000 Portfolio

*Maximum Purchase Price based on Hawaii State All Counties Loan Limits

State of Hawaii Loan Limits

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

State of Hawaii Agency and VA 2024 Conforming Loan Limits

1 Unit 2 Units 3 Units 4 Units
$1,149,825 $1,472,250 $1,779,525 $2,211,600

State of Hawaii FHA Loan 2023 Lending Limits

County 1 Unit 2 Units 3 Units 4 Units
Hawaii (Hilo, HI) $517,500 $662,500 $800,800 $995,200
Honolulu (Urban Honolulu) $770,500 $986,400 $1,192,300 $1,481,750
Kalawao (Non-Metro) $977,500 $1,251,400 $1,512,650 $1,879,850
Kauai (Kapaa, HI) $977,500 $1,251,400 $1,512,650 $1,879,850
Maui (Kahului – Wailuku – Lahaina, HI) $977,500 $1,251,400 $1,512,650 $1,879,850

USDA Area Loan Limits for the State of Hawaii

$600,000 Hawaii County
$725,000 Honolulu County
$725,000 Kauai County
$578,600 Maui County – Molokai
$725,000 Maui County

State of California Loan Limits

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

State of California Agency and VA 2023 Conforming Loan Limits

County 1 Unit 2 Units 3 Units 4 Units
Kern $766,550 $981,500 $1,186,350 $1,474,400
Nevada $766,550 $981,500 $1,186,350 $1,474,400
Orange $1,149,825 $1,472,250 $1,779,525 $2,211,600
Placer $766,550 $981,500 $1,186,350 $1,474,400
Riverside $766,550 $981,500 $1,186,350 $1,474,400
San Diego $1,006,250 $1,288,200 $1,557,150 $1,935,150

If your county is not included above, see the complete list of Agency and VA maximum conforming loan limits by county.

State of California FHA Loan 2023 Lending Limits

County 1 Unit 2 Units 3 Units 4 Units
Kern $472,030 $604,400 $730,525 $907,900
Nevada $644,000 $824,450 $996,550 $1,238,500
Orange $1,089,300 $1,394,775 $1,685,850 $2,095,200
Placer $763,600 $977,550 $1,181,650 $1,468,500
Riverside $644,000 $824,450 $996,550 $1,238,500
San Diego $977,500 $1,251,400 $1,512,650 $1,879,850

If your county is not included above, see the complete list of FHA maximum conforming loan limits by county.

USDA Area Loan Limits for the State of California

$345,100 Kern County
$466,500 Nevada County
$657,900 Orange County
$486,400 Placer County
$460,000 Riverside County
$615,000 San Diego County

If your county is not included above, see the complete list of California USDA Area Loan Limits loan limits by county.