FHA loan limits in Riverside county
FHA loan limits vary nationwide. Loan limits are based on the county of the property that is to be financed with an FHA loan. Usually these limits are set by the median home prices of the county. Conventional loan limits last changed in the last quarter of 2018, they were increased compared to the what was set previously, along with these changes FHA loans limits were adjusted as well.
Loan limits for 1-4 unit single family residences in Riverside county are as follows:
One-unit properties have a maximum FHA loan limit of $431,250.
Two-unit properties have a maximum FHA loan limit of $552,050
Three-unit properties have a maximum FHA loan limit of $667,350
Four-unit properties have a maximum FHA loan limit of $829,350
These limits can sometimes prevent borrowers when financing homes that are over the loan limits. One way to get around the cap is by increasing the down payment amount.
To check the loan limits of other counties in California please check the links under FHA loan limits.
I am a licensed in the state of California as licensed FHA mortgage lender and will happily answer any questions regarding FHA mortgage requirements, FHA mortgage insurance premiums and more. For additional questions regarding FHA loan contact me directly!