The maximum conventional loan varies from county to county. San Diego County has a temporary limit for FHA and a permanent one for conventional.
The permanent one for conventional financing is $546,250. The temporary one for FHA is $697,500.
Now, just because they say that it’s temporary vs. permanent doesn’t mean that it’s not subject to change. In fact, they used to be the same, but until January 1st, 2012, they both changed back to the lower amounts, until FHA decided to switch back to the temporary limits until further notice. There hasn’t been any official notice that they plan to change, but it’s anyone’s guess!
For more information on maximum loan amounts in San Diego, watch the video below: