The limits have no bearing on non-QM loans, portfolio product, or on any non-agency products. Pools allow up to 10% of super-conforming/high balance conforming loans. In fact, in many areas the rates.
In 2016, mortgage borrowers will be able to finance up to $580,750 without crossing into "jumbo" loan territory. san diego conforming Loan Limits for 2016. A conforming loan limit is the maximum size for mortgages that can be acquired by Freddie Mac and Fannie Mae.
The conforming loan limit determines the maximum size of a mortgage that government-sponsored enterprises (gses) fannie Mae and Freddie Mac can buy or "guarantee." Non-conforming or "jumbo loans".
Even though the GSE rate advantage has disappeared, some borrowers continue to opt for GSE loans at the conforming limit. The borrowers bunching at the limit likely would not meet the underwriting.
From 2006 to 2016, the “general” loan limit held steady at $417,000. the close of escrow but sometimes the jumbo loans have lower rates.