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The median place and county in California had a per capita income of roughly $25,000, and the lower third of both types of geographies had per capita incomes with an upper bound of about $20,000. Places and counties with the highest per capita income were concentrated in the San Francisco Bay Area , which has a relatively high cost of living.
Each year, Fannie Mae and Freddie Mac set a baseline conforming loan limit, adjusting it for high-cost areas. For 2025, the baseline limit is rising from $766,550 to $806,500.
Males had a median income of $56,240 versus $40,574 for females. The per capita income for the county was $32,795. About 4.9% of families and 7.5% of the population were below the poverty line , including 8.4% of those under age 18 and 6.4% of those age 65 or over.
An FNMA loan, aka a conforming loan or Fannie Mae-backed mortgage, is a loan or mortgage that has been sold to the Federal National Mortgage Association (FNMA, or Fannie Mae) — or one that meets ...
A view of Fannie Mae's Reston Town Center office building, 2000 Opportunity Way. Historically, most housing loans in the early 1900s in the United States were short term mortgage loans with balloon payments. [7]
Fannie Mae and Freddie Mac also have slightly different requirements for the mortgages they purchase. In both cases, Fannie and Freddie loans must be conforming loans , or adhere to these ...
Congress authorized an increase of the single family residences limits to the lesser of $729,750 or 125% of the median home value within a metropolitan statistical area (MSA). The new Jumbo-Conforming program was adopted by Fannie Mae and Freddie Mac effective from April 1, 2008 until December 31, 2010. [6]
As of the 2010 census, the population of East Palo Alto was 28,155. It is situated on the San Francisco Peninsula , roughly halfway between the cities of San Francisco and San Jose . To the north and east is the San Francisco Bay , to the west is the city of Menlo Park , and to the south the city of Palo Alto .