Fact Checked

2023 Mortgage Loan Limits: Orange County, California

Dan Green
Author: Dan Green
Last Updated: July 28, 2023
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2023 Mortgage Loan Limits for Orange County, California

Conforming Loans
FHA Loans
Property Type
2023 Loan Limit
1-Unit Homes
$1,089,300
2-Unit Homes
$1,394,775
3-Unit Homes
$1,685,850
4-Unit Homes
$2,095,200
Source: Federal Housing Finance Agency; Federal Housing Administration

Orange County, California, mortgage loan limits apply in:

Orange County 2023 mortgage loan limits include the following cities: Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Coto de Caza, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, Ladera Ranch, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, La Habra, Lake Forest, La Palma, Las Flores, Los Alamitos, Midway City, Mission Viejo, Modjeska, Newport Beach, North Tustin, Orange, Placentia, Rancho Mission Viejo, Rancho Santa Margarita, Rossmoor, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Silverado, Stanton, Trabuco Canyon, Tustin, Villa Park, Westminster, Williams Canyon, Yorba Linda

What is a mortgage loan limit?

Mortgage loan limits are the upper boundaries for how much a home buyer can borrow on a mortgage. Loan limits vary by county and home type.

The Federal Housing Finance Agency (FHFA) sets mortgage loan limits for conforming mortgages and the Federal Housing Administration (FHA) sets loan limits for FHA mortgages. In Orange County, the 2023 conforming mortgage loan limit for a 1-unit home is $1,089,300. The 2023 FHA mortgage loan limit for a 1-unit home is $1,089,300.

Conforming and FHA mortgage loan limits change annually to reflect changes in local and national home values. Loans that exceed conforming loan limit sizes are commonly called jumbo mortgages. As of 2023, there are no mortgage loan limits for VA loans or USDA loans.

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Mortgage Loan Limits Near Orange County, California

Get 2023 conforming and FHA mortgage loan limits for the areas surrounding Orange County, California. Local loan limits and county-level mortgage data updated regularly.

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Historical Charts: Mortgage Loan Limits in Orange County, California

Mortgage loan limits adjust annually to match changes in U.S. home values. As home values go up or down in Orange County, so do the local loan limits. Changes in mortgage loan limits promote affordable homeownership, fair lending, and a balanced housing market.

Conforming Loans
FHA Loans

Mortgage Statistics from Orange County, California

Mortgage statistics for Orange County, sourced from the Home Mortgage Disclosure Act (HMDA) database, maintained by the Federal Financial Institutions Examination Council (FFIEC). The HMDA database contains detailed, anonymous loan data and provides insight into home buyer traits, mortgage borrowing patterns, and mortgage approval rates. Percentages may not total 100% due to rounding.

Orange County, California (2018-2022)

Loan Type
Relative Share
Conventional
90.62%
FHA
5.98%
VA
3.41%
USDA
0.00%
Property Type
Relative Share
1-Unit Homes
99.03%
2-Unit Homes
0.53%
3-Unit Homes
0.18%
4-Unit Homes
0.27%
Borrower Status
Relative Share
One Borrower
8.90%
Two or More Borrowers
91.10%
Gender
Relative Share
Male
61.04%
Female
26.77%
Not Specified
12.19%
Race
Relative Share
American Indian / Alaska Native
0.30%
Asian
33.04%
Black / African American
0.98%
Native Hawaiian / Other Pacific Islander
0.29%
White
60.39%
Other
5.01%
Ethnicity
Relative Share
Hispanic or Latino
12.06%
Not Hispanic or Latino
83.36%
Orange County data represents closed-end, first-lien purchase mortgages for residential properties, 1-4 units, for the 5-year period 2018-2022. Source: FFEIC Home Mortgage Disclosure Act

Mortgage Statistics Near Orange County, California

Get mortgage statistics for the areas surrounding Orange County, California.

See National 2023 U.S. Mortgage Statistics

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See Today’s Mortgage Rates in Orange County, California

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