The current maximum loan amount for FHA and Va in King County and Snohomish County is currently $540,500. In December 2016, the Washington State Conforming Loan limits in King, Snohomish, and Pierce Counties will be raised to $592,250.
Watch the short video below where I share the “why” behind FHFA’s decision to raise the conforming loan limits for the second straight year. If you are a real estate agent, potential home seller, or home buyer, the explanation that I give in the video will be helpful.
Conforming loan amounts in general increased from $417,000 to $424,100.
Conforming high-balance loan limits increased according per county for a single family residence:
– Snohomish, King, and Pierce Counties – $592,250
– Skagit County – $424,100
– Whatcom County – $424,100
– San Juan County – $483,100
– Chelan County – $424,100
For more information on other counties or for loan limits on duplex, triplex or four-plex homes, please contact me directly.
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