2023 Riverside County Loan limits for Conventional, FHA, and VA loans
🏘 FHA LOAN LIMITS 🏘
Riverside County – $644,000
(Max Purchase Price with 3.5% down = $667,355)
🏘 CONVENTIONAL CONFORMING LOAN LIMITS 🏘
Riverside County – $726,000
(Max Purchase Price with 5% down = $764,420)
🏘 VA HAS NO LOAN LIMITS
VA Loans, There will still be no loan limits on VA loans in 2023, so there will be no change, which is fantastic for VA buyers.
It’s that time of year again! New loan limits for 2023 were just announced at the end of November 2022
Riverside County loan limits tend to increase yearly, so why is this good news for home buyers and sellers? When loan limits are increased, it helps buyers to keep up with the rising home prices, so increasing the loan limits gives buyers more buying power, but on the flip side, this also raises home prices, putting more money in the seller’s pocket to help them move up or down by using their home’s equity. Some people might ask if this is a bad thing; well put, with inflation, it was expected for home prices to increase like everything else.
Start working with the Best Realtors in Temecula Valley Michael & Anita Marchena.
If you or anyone you know has been considering buying or selling real estate, 2023 looks like another great year with these new loan limits for Riverside County. Feel free to contact us if you have any questions or want to start the process. Michael & Anita Marchena are local Realtors located in Temecula, California 92592, but service all of Temecula Valley, including but not limited to Temecula, Murrieta, Menifee, Winchester, French Valley, Wildomar, Hemet, San Jacinto, Perris, Lake Elsinore, Corona, and all surrounding areas.
Contact your local Realtor/Broker Michael & Anita Marchena, today at 951-392-8511
Do you want to start the loan process to purchase a home? Temecula Valley Home Loan Specialist Tobie Love can help!
Contact our preferred lender Tobie Love at (951) 704-1988 to see what you qualify for, and let’s get you into a new home in 2022.