We know it's made from milk, but do you know what it takes to make it? Read this and appreciate the power of cheese. About 2 cups of fresh milk is left to sit at room temperature for 24 hours until it curdles to the consistency of yogurt. 2 gallons of milk is warmed to 86Â°F and the starter culture is blended in.
Jumbo Loan Limits in Santa Cruz County California in 2016. The highest loan amount for a âregular loanâ is often called the conforming loan limit, and is announced by Freddie Mac and Fannie Mae each January. This year, the conforming loan limit announced by both Fannie and Freddie for single family residences is $417,000. Any loan that is above this loan amount is considered a jumbo loan. In the Santa Cruz area a jumbo loan is any loan that is over the conforming loan limit. Jumbo loans typically will go up to $2 million and anything over $2 million is considered a super jumbo loan. For 2016 the Santa Cruz County conforming loan limit is 729,750 and it is also the FHA jumbo loan limit for Santa Cruz County.
October first brings new limits on the conforming loans for Silicon Valley. It used to be that conforming loans would be at the rate of 125% of the median home price of the county, but that was to be temporary and eventually drop back to 115% of the area rate. Thatâs what has happened now. The conforming loan rate has dropped throughout Silicon Valley (Santa Clara County, San Mateo County, Alameda County, Santa Cruz County) from $729,750 to $625,500. This is true for most of the San Francisco Bay Area. Some counties have been harder hit than others during the economic downturn and housing crisis.