2026 Loan Limits in Placerville, San Miguel County
San Miguel County is a designated high-cost county for 2026, so the conforming limit is $994,750 rather than the $832,750 national baseline. HUD set the county's one-unit FHA limit at $1,045,350 — $504,063 above the $541,287 national floor. At a $382,000 median, both conforming and FHA financing reach the middle of the Placerville market. On 2–4 units, conforming runs $1,273,280/$1,539,276/$1,913,004 and FHA $1,338,048/$1,617,575/$2,010,313, which is how Placerville buyers house-hack a duplex with 3.5% down.
Loan Programs Available
Conventional
Fannie Mae and Freddie Mac financing up to $994,750 in San Miguel County — primary, second home, and investment.
FHA
3.5% down, flexible credit, no income cap. Placerville's 2026 FHA ceiling: $1,045,350.
USDA
0% down rural development financing on eligible Placerville addresses. Address must be verified on the USDA eligibility map.
DSCR
Investment property financing that qualifies on rental income — no personal income documentation required. Common in Placerville for long-term rentals and small multi-unit properties.
Jumbo & Non-QM
For loans above the conforming ceiling, bank statement, P&L, asset depletion, and foreign national programs are available.
Local Market Notes
Placerville, San Miguel County — a smaller rural market where inventory is thin and USDA financing is often in play; median $382,000; county FHA limit $1,045,350.