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Bay Area Jumbo vs. Conforming Loan Limits in 2016 – The conforming loan limit for most of the San Francisco Bay Area is $625,500, for a single-family home. The two exceptions are Sonoma County, with a single-family loan limit of $554,300; and Solano County, which is capped at $417,000.
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At NerdWallet. the Bay Area, in Los Angeles, in New York and major metros, you have consumers living in million-dollar homes, but they’re making $75,000 to $80,000 a year in income.” Gupta says.
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Why won’t developers build housing in this Bay Area city? – It’s because they can’t get a loan. They can’t get financing. meeting its lofty low-income housing goal Even Habitat for Humanity can’t build Bay Area homes cheaply enough for lower-income buyers.
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