FHA Loan Limits for California 2024

January 7, 2024 by Sean ONeil

FHA Loan Limits for California by County, 2024

CA County Name	FHA Loan Limit	FHA Duplex Loan Limit

ALAMEDA	$1,149,825	$2,211,600

ALPINE	$503,700	$968,650

AMADOR	$498,257	$958,350

BUTTE	$498,257	$958,350

CALAVERAS	$498,257	$958,350

COLUSA	$498,257	$958,350

CONTRA COSTA	$1,149,825	$2,211,600

DEL NORTE	$498,257	$958,350

EL DORADO	$763,600	$1,468,500

FRESNO	$498,257	$958,350

GLENN	$498,257	$958,350

HUMBOLDT	$498,257	$958,350

IMPERIAL	$498,257	$958,350

INYO	$508,300	$977,500

KERN	$498,257	$958,350

KINGS	$498,257	$958,350

LAKE	$498,257	$958,350

LASSEN	$498,257	$958,350

LOS ANGELES	$1,149,825	$2,211,600

MADERA	$498,257	$958,350

MARIN	$1,149,825	$2,211,600

MARIPOSA	$498,257	$958,350

MENDOCINO	$546,250	$1,050,500

MERCED	$498,257	$958,350

MODOC	$498,257	$958,350

MONO	$693,450	$1,333,600

MONTEREY	$920,000	$1,769,250

NAPA	$1,017,750	$1,957,250

NEVADA	$644,000	$1,238,500

ORANGE	$1,149,825	$2,211,600

PLACER	$763,600	$1,468,500

PLUMAS	$498,257	$958,350

RIVERSIDE	$644,000	$1,238,500

SACRAMENTO	$763,600	$1,468,500

SAN BENITO	$1,149,825	$2,211,600

SAN BERNARDINO	$644,000	$1,238,500

SAN DIEGO	$1,006,250	$1,935,150

SAN FRANCISCO	$1,149,825	$2,211,600

SAN JOAQUIN	$656,650	$1,262,800

SAN LUIS OBISPO	$929,200	$1,786,950

SAN MATEO	$1,149,825	$2,211,600

SANTA BARBARA	$838,350	$1,612,250

SANTA CLARA	$1,149,825	$2,211,600

SANTA CRUZ	$,149,825	$2,211,600

SHASTA	$498,257	$958,350

SIERRA	$498,257	$958,350

SISKIYOU	$498,257	$958,350

SOLANO	$685,400	$1,318,100

SONOMA	$877,450	$1,687,450

STANISLAUS	$517,500	$995,200

SUTTER	$498,257	$958,350

TEHAMA	$498,257	$958,350

TRINITY	$498,257	$958,350

TULARE	$498,257	$958,350

TUOLUMNE	$498,257	$958,350

VENTURA	$954,500	$1,835,600

YOLO	$763,600	$1,468,500

YUBA	$498,257	$958,350

Filed Under: Featured

VA Loans in 2024

January 6, 2024 by Sean ONeil

2024 VA Loans

LOCAL REPRODUCTION AUTHORIZED
Veterans Benefits Administration Circular 26-23-26
Department of Veterans Affairs December 1, 2023
Washington, D.C. 20420
Federal Housing Finance Agency (FHFA) Announces 2024 Conforming Loan Limits
1. Purpose. On November 28, 2023, the Federal Housing Finance Agency (FHFA) announced
the maximum conforming loan limits (CLL), also known as Freddie Mac CLL, for 2024. In
VA’s program the CLL can impact the entitlement calculation for some Veterans. The new
FHFA loan limits are found at: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-
Loan-Limit.aspx.
2. Freddie Mac Conforming Loan Limit Impact on Borrowers with Partial Entitlement. If an
eligible Veteran with partial entitlement seeks a loan of more than $144,000, the CLL is part of
the formula to calculate remaining entitlement1. In such cases, the amount of remaining
entitlement is calculated by taking 25% of the CLL and subtracting the previously used
entitlement that was not restored2. VA-guaranteed loans are often securitized in pools that
require the loan to have a 25% guaranty. For Veterans without full entitlement who do not make
a down payment, lenders often limit the total loan amount to four times the amount of the
remaining entitlement or, put another way, four times the amount of VA’s guaranty. Down
payments required on VA loans are typically far less than down payments required on other loan
products. As a reminder, the guaranty percentage on the loan guaranty certificate only reflects
VA’s guaranty on the loan and may not represent total coverage for secondary market purposes.
3. Single and Multi-Unit Properties. Lenders should note that while a Veteran may use a VA-
guaranteed loan to purchase a multi-unit property, the entitlement statute requires the use of the
CLL applicable to a single-family residence, (i.e., single unit property) 3.
4. Interest Rate Reduction Refinancing Loans (IRRRLs). The Freddie Mac CLL does NOT
apply to IRRRLs. For IRRRLs greater than $144,000, VA will guarantee 25 percent of the loan
amount, regardless of the Veteran’s entitlement4.
5. Effective Date: The CLL increases are effective for loans closed on or after January 1, 2024.
6. Rescission: This Circular is rescinded January 1, 2025.
By Direction of the Under Secretary for Benefits
John E. Bell, III
Executive Director
Loan Guaranty Service
Distribution: CO: RPC 2021 SS (26A1) FLD: VBAFS, 1 each (Reproduce and distribute
based on RPC 2021)
1 38 U.S.C. 3703 (a)(1)(c)(iii)(I)
2 38 U.S.C. 3703 (a)(1)(c)(ii)
3 38 U.S.C. 3703 (a)(1)(c)(iii)(II)
4 38 U.S.C. 3710 (e)(2)

Filed Under: Featured

Welcome to La Jolla Cove, Home of the Seals

January 6, 2024 by Sean ONeil

La Jolla Cove is a picturesque cove and beach in La Jolla, San Diego, California. The Cove is a very small beach in comparison to the other beaches in San Diego and is within walking distance of the Children’s Pool Beach. The Children’s Pool Beach consists of a built sea wall that was made to create a safe zone for children and families to come and enjoy the waters without being bombarded by the ocean waves. La Jolla is also known as “the jewel” of San Diego. Up on the bluffs above the beach and stretching south to other nearby beaches including Shell Beach, is Scripps Park, a grassy area with trees and other plantings. The Park is commonly used for picnicking and relaxing.

Part of the beach and shallow water at the Cove
Lifeguards are present at the Cove every day of the year from 9 am until the sun sets. The Cove is a very popular spot for swimming, snorkeling and scuba diving. Due to the fact that La Jolla Cove is within the San Diego-La Jolla Underwater Park (a marine refuge area), swimming devices such as surfboards, boogie boards, and even inflatable mattresses are not permitted, and kayakers are not allowed into the Cove; these rules are carefully enforced by the lifeguards on duty. Because of the ecological reserve, no fishing or collecting of marine invertebrates, (even taking dead specimens or seashells) is allowed in this area. All sea animals in this area are protected by law, including the orange Garibaldi fish, which are unusually common in the Cove. A few sea lions can sometimes be seen in the deeper water of the Cove or basking on rocks.

As is the case at other beaches, the lifeguard’s chalkboard indicates the time of the next high or low tide, and also the water temperature. The water temperature in the Cove is sometimes cooler than in some other areas of San Diego’s coastline because the Cove faces out into deeper water. The weather at the cove elicits its rare microclimate that seldom hits below 50 degrees or surpasses 90 degrees.

Right at the top of the Cove, conveniently, there is a group of outdoor showers, and large public restrooms which include an indoor area for changing in and out of swimsuits etc.

The La Jolla Cave, also known as “Sunny Jim Cave”, is a short walking distance from the Cove and from the local businesses that are situated up above the shoreline. The cave is accessible through The Cave Store, which charges a nominal fee to go down a staircase leading to the cave itself.

The La Jolla Cove is home to the annual “La Jolla Cove Rough Water Swim” which is one of the oldest ocean swims in the world.