Any mortgage amount in San Diego over the $546,250 will now have to fall under a traditional jumbo loan. These loans will usually require a higher down payment and a lower debt to income ratio. They will also have a slightly higher interest rate than what the conforming high balance program would.
Remember that mortgages in San Diego from $417,001 to $546,250 will have about a .25% higher interest rate and slightly more restrictive guidelines than the gtraditional conforming loan program. I have included a chart below that shows the conforming loan limits for some other areas of California as well.
As a San Diego Mortgage Broker and Banker, I have access to all three categories, traditional conforming, high balance conforming, and true jumbo loans. Please call me at 619-312-0612 if you would like a quote or click HERE.
County One Unit Limit
Los Angeles $625,500
Orange $625,500
Riverside $417,000
Sacramento $474,950
San Bernardino $417,000
San Francisco $625,000