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hiThe FHFA (Federal Housing Finance Agency) announced over Thanksgiving weekend that the maximum conforming loan limits for King County and Snohomish County will be increasing in 2017!

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.

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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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