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
Get Pre-Approved With Dan Keller
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.
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 information like this to be shared at your next office meeting, please contact my office to scheduled me!
More Info On Our Next Home Buyer Class – Home Buying 101 Mixer
Get Pre-Approved With Dan – Apply Now
Monthly Budget With Dan Class – www.BudgetWithDan.com
Download My Mortgage Planning Guide – Dan Keller’s Mortgage Planning Guide
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