Fannie Mae just announced they will raise the county loan limits for Washington State effective January 1, 2018.
This is great news, especially for King County home buyers and sellers. With home values increasing over the past few years, this will allow home buyers to put down less money to remain under the loan limits for Fannie Mae conforming underwriting criteria.
I explain what this means to you in the short video below, and give you a list by county below.
2018 Fannie Mae Loan Limits
So what does this mean for you:
Current (2017) Fannie Mae Conforming Loan Limits:
King/Snohomish/Pierce County – $592,250
Whatcom/Skagit/Island/Clark/Chelan County – $424,100
2018 Fannie Mae Conforming Loan Limits:
King/Snohomish/Pierce County – $667,000
Whatcom/Skagit/Island/Clark/Chelan County – $453,100
2018 Washington State Loan Limits By County
I’ve provided additional information to you so that you can verify the 2018 Fannie Mae conforming loan limit by each county in Washington State – download pdf here
The Perfect Loan Process w/ Dan Keller
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We make it easy. I encourage each of my clients to reach out to me through email or phone call to have an initial mortgage planning discussion surrounding your current situation, goals/budget, and timeline. There are so many additional factors that go into qualifying for a Home Loan today, it’s important that you are working with a professional that understands the ins and outs of the process and current market trends.
To apply for a Home Loan, visit my Mortgage Concierge Page and follow steps one and two.
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