If you're thinking about buying a home in 2025, now’s the time to get excited! The Federal Housing Finance Agency (FHFA) has announced new loan limits for 2025, and they’re higher than ever, giving homebuyers increased opportunities to purchase their dream homes without stepping into jumbo loan territory. Let’s dive into the details and why this is fantastic news for borrowers.
2025 Loan Limits: A Breakdown
📍 Conventional & VA Loans
Riverside & San Bernardino Counties: Now up to $806,500 (a significant jump from $766,550)
High-Cost Areas (LA & Orange Counties): Increased to $1,209,750 (up from $1,149,825)
📍 FHA Loans
Riverside & San Bernardino Counties: Increased to $672,750
High-Cost Areas (LA & Orange Counties): Matched at $1,209,750
What Does This Mean for You?
1️⃣ Increased Buying Power
With higher loan limits, you can now purchase higher-priced homes while still benefiting from conventional and FHA loan perks. This means no jumbo loan requirements, lower down payments, and better terms.
2️⃣ Real Estate: A Timeless Investment
Real estate remains one of the best investments of all time. Historically, homeownership builds wealth, stabilizes monthly expenses compared to rent, and provides long-term financial security. According to the Federal Reserve, homeowners have a median net worth nearly 40 times greater than renters.
3️⃣ Affordable Homeownership Made Easier
For first-time buyers or those looking to upgrade, these new limits open doors to better opportunities without overextending your budget.
Boost Your Down Payment with the Home 100 Program
Struggling with a down payment? Best Option Mortgage offers the Home 100 Down Payment Assistance Program, designed to help buyers secure their dream homes with zero down payment. Combined with the new loan limits, this program makes buying a home more accessible than ever.
Ask the Expert: Your Top Home-Buying Questions Answered
Here are some common questions about the home-buying process, answered by our experts to help you navigate your journey with confidence.
1. What is the home-buying process like?
The home-buying process typically involves these steps:
Get pre-approved for a loan (we can help with that!).
Find a trusted real estate agent.
Search for your dream home within your budget.
Make an offer and negotiate terms.
Close the deal and move into your new home!
2. How hard is it to get a home loan?
Qualifying for a home loan depends on your credit score, debt-to-income ratio, and income stability. Best Option Mortgage makes it simple with personalized guidance and programs designed to fit your unique situation.
3. What down payment assistance programs are available?
Our Home 100 Down Payment Assistance Program is a game-changer! It covers up to 100% of your down payment up to 5%, making homeownership possible with little to no money out of pocket.
4. Do I need perfect credit to buy a home?
Not at all! While a higher credit score can get you better terms, there are options available for borrowers with less-than-perfect credit.
5. Why is now a great time to buy a home?
With 2025’s increased loan limits and stable housing market trends, there’s never been a better time to invest in your future. Take advantage of your increased buying power today!
Let’s Get You Home
The new loan limits for 2025 are your gateway to bigger dreams and smarter investments. Best Option Mortgage is here to guide you every step of the way, offering expert advice, tailored solutions, and programs like Home 100 to make your journey smooth and successful.
📞 Ready to get started? Contact us today to explore your options and take the first step toward your dream home!
Best Option Mortgage – Helping You Achieve the Best Option, Every Time.
——————-
Best Option Mortgage is a DBA of ML Mortgage Corp. ML Mortgage Corp. is a state-licensed mortgage lender, NMLS ID #362312, licensed by the CA Department of Financial Protection and Innovation under the Finance Lenders Law, License #60DBO69831. For other states, visit www.mlmortgage.net. To verify licenses, visit www.nmlsconsumeraccess.org. All loans are subject to credit approval and acceptable collateral. Additional terms and conditions apply. Programs, rates, terms, and conditions may change without notice. Not all programs are available in all states. There is no guarantee that all borrowers will qualify. Restrictions may apply. This is not a commitment to lend. © 2024 ML Mortgage Corp. All rights reserved.