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.
I Want To Be Your Mortgage Advisor!
I LOVE connecting with my social media followers and readers! You are the reason I produce this content and share it weekly on Seattle Real Estate Radio 1300am. I can always be reached directly at 425-350-7136 or via email at firstname.lastname@example.org
If you found this information valuable, please share it! If you are a real estate broker and would like more information like this to be shared at your next office meeting, please contact my office to scheduled me!
Want to know more about me? Visit my Yelp page to see what others say….
GET A LIVE RATE QUOTE
Call or Text 425-350-7136