CACalifornia

California Mortgage Guide

Most coastal counties hit the $1,149,825 FHFA ceiling; inland counties may be at baseline.

2024 Conforming Limit

$1,149,825

High-cost state

Avg 30yr Fixed Rate

7.10%

VA Friendly

Yes

Strong VA market

First-Time Buyer Program

CalHFA MyHome Assistance

California offers down payment assistance (DPA) for qualifying buyers. Contact a participating lender or your state housing finance authority for current income limits and program availability.

Understanding Your Conforming Limit

The 2024 FHFA conforming loan limit for California is $1,149,825. Loans at or below this amount qualify as conforming loans, which typically carry lower interest rates and require less documentation than jumbo loans.

California is a high-cost area. Higher limits mean more buyers can access conventional conforming financing instead of jumbo loans, which often require larger down payments and stricter credit standards.

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