If you are thinking about buying a home in 2014, this is good information to know for going into the new year. The new loan limits have been established for all counties in all states. Los Angeles conforming limit is still at $417,000 and the jumbo limit is still at $625,500.
If you would like to know what that means exactly for your particular situation, give me a call or send me an email. I will also refer you to some very qualified and friendly mortgage brokers or direct lenders who will review your finances vs. your ability to purchase a property, at no charge! and confidentially.
To access FHFA release: http://www.fhfa.gov/webfiles/
Have a great Thanksgiving everyone!