Along with the FHA changes, we have just received notice that the increase in conforming loan amounts (Fannie Mae and Freddie Mac) has been formalized and is now available. We do know that the loan amount is the same as FHA - $729,750 and is available
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Great news for FHA! The new loan limit for Ventura County if $729,750. The down payment is 3% down (certain situations you can do zero down) of the purchase price and there is no deduction in loan for the declining market.
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