Santa Clara County Conforming Loan Limits 2024

The 2024 high-balance conforming loan limit for Santa Clara County is $1,149,825.

The 2024 “low-balance” conforming loan limit for Santa Clara County is $766,550.

  • Both loan limits above are based on a 1-unit property.

Loans between $766,550 and $1,149,825 for a 1-unit property in Santa Clara County are considered high-balance conforming loans.  High-balance loans tend to have slightly higher interest rates and slightly tighter qualifying guidelines compared to loans under the low-balance limit of $766,550.  With a high-balance loan, you can put as little as 5% down, and the entire down payment can be a gift.

If you can keep your loan under $766,550, you will be rewarded with a lower interest rate and payment.  Also, you can put as little as 3% down, and the entire down payment can be a gift.

First-time home buyers purchasing a home in Santa Clara County may qualify for lower rates and costs by waiving Loan Level Pricing Adjustments or LLPAs if their gross annual qualifying income is $216,480 or less.

Loans above $1,149,825 for 1-unit properties in Santa Clara County are considered jumbo loans. Jumbo loans can have more difficult qualifying requirements, such as mandatory reserve funds and lower maximum debt-to-income ratios.

Below are the high-balance conforming loan limits for 2 to 4-unit properties in Santa Clara County:

  • 2-unit property – $1,472,250
  • 3-unit property – $1,779,525
  • 4-unit property – $2,211,600

You can secure a lower interest rate and put as little as 5% down on a primary residence if you keep your loan amount under the “low-balance” limits for 2 to 4-unit properties in Santa Clara County.

Below are the “low-balance” conforming loan limits for 2 to 4-unit properties in Santa Clara County:

  • 2-unit property – $981,500
  • 3-unit property – $1,186,350
  • 4-unit property – $1,474,400

Click Here for FHA Loan Limits for Santa Clara County 2024

If you’re considering buying a new home or refinancing your current one, we’d love to help! We offer highly competitive rates on all conforming loans and the best service in the industry, making your home financing journey easier and more affordable.

If you’re thinking about purchasing a new home or refinancing your existing one, Secured Lending Group is here to assist you every step of the way!

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