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SUNNYVALE CALIFORNIA MARKET
FLASH – MAY 2010
SUMMER HEATS UP
The real estate industry is abuzz with the
new FHA loan limits for California finally
approved by HUD. All in all, 14 California
counties saw their loan limits for FHA,
Fannie Mae and Freddie Mac increased to
the $729,750 cap. Most were in the San Francisco
Bay Area or other parts of Northern California,
including Alameda, Contra Costa, Marin,
Monterey, Napa, San Benito, San Francisco,
San Mateo, Santa Cruz and Santa Clara Counties.
The Sacramento area also saw its loan limits
increase to $580,000. What does this mean
for the Northern California real estate
market? Increased opportunity for new and
existing home buyers. The purpose of this
increase in loan limits is to assist individuals
who currently have “jumbo” loans
(greater than $417,000) to refinance into
lower and more affordable rates and payments.
With the traditionally strong spring market
just around the corner, the new loan limits
may be just the thing to revive the Northern
California market.
Daniel Pizano
“Your Friend & Resource in Real
Estate”
Coldwell Banker
449 N. Santa Cruz Ave
Los Gatos, CA 95030
408.355.1557
Sunnyvale Single Family Home
Sunnyvale Condo
Sunnyvale Zip Codes
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