What Is the Best Way to Refinance My Mortgage in San Diego?

San Diego homeowners are offered discounted home refinance loans with FHA mortgage rates for good and bad credit. The local residents will take advantage of fixed rates for home mortgage refinancing with government and conforming loans that will save them money.

San Diego Mortgage Limits Rise for Home Refinancing

Our San Diego FHA lending team provides affordable fixed rate refinance loans for San Diego homeowners with increased loan limits. Recently, we updated our refinance incentives to southern California homeowners from National City to Oceanside. Our San Diego mortgage lenders are proud to announce a new refinance program for underwater mortgages under the HARP 2.0.

Higher FHA Mortgage Limits for San Diego Refinance Loans Exceed 1 Million

Southern California residents will benefit from the higher loan limits that exceed the current conventional limit of $417,000, that has held thousands of San Diego homeowners hostage from refinancing their rising adjustable rate mortgages. The updated FHA loan changes can be viewed below by county. Compare the HARP loans in San Diego today and get approved for a low rate loan regardless of your loan to value or negative equity.

What is the San Diego Loan Limits for FHA in 2024?

HUD increased FHA Loan Limits up to $1,006,250 on 1 unit and 1,557,150 for 3-unit homes in 2024. This is a significant opportunity for San Diego homeowners to refinance into large mortgage at an affordable rate.

Wildfires, fueled by fierce Santa Ana winds, destroyed more than 1,600 homes in Southern California this fall. Residents of Rancho Bernardo, Rancho Santa Fe, Fallbrook, and Poway were among those told to evacuate at the height of the firestorm and there were fears the fires would spread into nearby Encinitas. Many of the county’s refugees, especially the ones with horses, took refuge at the Del Mar Fairground.

The FHA offers a natural disaster mortgage loan, and the $362,000 loan limit was just increased to nearly $700,000 for high cost areas in San Diego County.

San Diego Mortgage News
Home Refinancing Applications are up across California as West Coast homeowners look to refinance into a fixed rate with cash back.
Attention San Diego Homeowners: Southern California home values may be dropped significantly in certain regions, but interest rates have dropped again to the 3-4% range so you can’t afford to wait!  Refinance Your ARM Home Loan into Low Fixed Rate Mortgage!