San Diego's #1 HomeReady Home Loan Limits in 2021

When you’re looking for a loan, you need to know what’s going on with the limits that you are going to be dealing with.

Knowing the limits can help make sure that you know what’s going on with the loan.

This means that you can get a better idea of what the loan will really be able to do for you.

If you are interested in the HomeReady program after reading through this article, you will be able to find more info in the pros and cons article, the question and answer article, and an article that covers the basics of the loan program.

If you’re really on the fence, then we’ve also got a list of the reasons why this program might be best for you.

If you’re interested in the program or have more questions about it, then just contact me. 

I’ll help you through the process.

Here's a quick rundown of our list:

Must Read: San Diego HomeReady Mortgage Loan - Rates, Terms, Limits...

The Current Limits

The good news is when you are looking at the HomeReady mortgage loan program, you’re going to be dealing with the same loan limits that you will find with other Fannie Mae loans.

In San Diego, the limit for a one-unit will be $753,250.

This is higher than the typical limit of $548,250.

The reason why it is so much higher is because of the prices of homes in the area.

San Diego does have a higher limit, but there are areas that have even higher limits because of the prices of home in the area.

Search Now: See the latest San Diego homes, townhomes, and condos for sale…

These limits were altered to make sure that people are actually able to get homes in the areas that they want.

This is a big thing especially in California where home prices are at some of the highest that they’ve ever seen.

In many other places in the country, the limit of $548,250 is more than enough to cover the price of a home.

Every year, they update the limits to match the average home price.

In recent years, tons of different lenders (not just Fannie Mae) have been creating a high-cost loan limit for areas just like San Diego.

Now, we have mentioned the 1-unit loan limit.

There are separate limits for each type of home.

They increase based on the amount of units that are in the home.

The largest limit you will find is for the 4-unit home.

This is the largest house that you will be able to purchase with the HomeReady loan.

The current limit for the San Diego area is going to be right around $1,448,600.

This number might be a little terrifying, but you’ll need to keep in mind that you’ll be able to earn rental income from several of the units in the apartment that will help cover the payments for the loan.

San Diego Homeowners: We have qualified buyers desperately seeking to buy immediately and pay top dollar…


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What They Mean For You

This limit is great news for everyone that lives in San Diego.

The loan limit is right around the average price of a home.

This means that you’ll be able to get a decent home and not have to worry about not being able to afford something that is really basic.

You may be worried about the high prices of homes.

That’s completely understandable.

However, you have to keep in mind that you will be able to count the income that you’re getting from outside of yourself.

You’ll have rental income, income from other people in the family, and income from outside of your normal job.

All of that will add up and make it easier for you to really deal with the loan.

This means that while the limits and the loans are high, you are still going to be able to manage the payments and get that home that you really need.

Need Money? Whether you are a first time home buyer, currently own, or have owned in the past – you can get money to cover your down payment and closing costs – see the best programs now…

Other Limits to Keep in Mind

While these loan limits give you an idea of the home that you are going to be able to get, you will also have to realize that there are other limits that you might need to consider.

While qualifying for this loan isn’t that hard, you’re going to have to consider how much money you are making.

If you are making more than the average for the area, then you’re going to be unable to qualify for the loans.

In San Diego, the current average income is $79,300.

The number changes a little bit depending on how many people are in the family, so you will want to consider that when you’re trying to get the loan put together for your next house.

But the limits are there to make sure that the people that really need a home are able to get one.

But between these two limits, you should have a good idea of if the loan will work for you and if you are going to really be able to afford it.

Apply Now: Why wait? Apply online 24/7 using our secure loan application, from any computer or device, and let Scott find the best loan options based on your needs – takes less than 10 minutes…


If you are interested in the program after reading through our main article, you will be able to find more info in the pros and cons article, the question and answer article, and an explanation of the loan limits that you will find with this loan.

If you’re really on the fence, then we’ve also got a list of the reasons why this program might be best for you.

What do you think?

Is this a great option for you in San Diego?

Leave me a comment below – or, contact me here.  

Your HomeReady Insider, 


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