Santa Barbara County FHA Loan Limits
The high-balance FHA loan limit for 2024 in Santa Barbara County is $838,350.
The “low-balance” FHA loan limit for 2024 in Santa Barbara County is $766,550.
- Both loan limits above are based on a 1-unit property.
FHA loans between $766,550 and $838,350 in Santa Barbara County are considered high-balance FHA loans. FHA high-balance loans tend to have slightly higher interest rates than FHA loans under $766,550 (“low-balance”).
It’s worth asking your mortgage loan officer if you can secure a better rate by keeping your loan balance under $$766,550 in Santa Barbara County, California.
Loans above $805,000 in Santa Barbara County are considered jumbo loans and would not qualify for FHA financing.
FHA financing is possible on 2-4 unit properties as well. Here are the FHA loan limits for multi-unit properties in Santa Barbara County…
- 2-unit property – $1,073,250
- 3-unit property – $1,297,300
- 4-unit property – $1,612,250
Click Here for Conforming Loan Limits for Santa Barbara 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 FHA 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!