Helping Washington State homeowners learn more about their mortgage options.
HUD has released the 2026 FHA loan limits for homes located in Washington State. FHA loan limits are set each year and vary by county and by the number of units (1–4 unit homes).
These limits determine the maximum base loan amount you can finance using an FHA-insured mortgage. If your loan amount is higher than the FHA limit for the county where the property is located, you may need a different type of financing (such as a conventional or jumbo loan), or a larger down payment.
Freddie Mac released the PMMS (Prime Mortgage Market Survey) today showing that mortgage rates for the 30-year fixed averaged 6.22% last week. Really, the best use of Freddie’s survey is to show how mortgage rates are trending because you can’t lock in last week’s rate UNLESS they just happen to be the very same rate as what’s available to you at the moment you’re ready, willing and able to lock. [Read more…]
The Fed has just announced a rate cut the Fed Funds rate by 25 basis points.
This has been widely anticipated by the markets. Remember, the Fed’s rate cut does NOT directly impact mortgage rates (except for home equity lines of credit and other loans that may be attached to the prime interest rate). [Read more…]
If you’re buying a home in Seattle, Bellevue, Tacoma, Everett, Kirkland, Redmond, Renton, Issaquah, Bothell, Shoreline, or anywhere in Washington State, you’ve likely typed something like: [Read more…]
Welcome to this week’s edition of The Mortgage Porter Weekly, where I break down what’s happening in the mortgage and housing markets and what it means for homebuyers, homeowners, and real estate professionals.
VA Loan Limits for 2026 for Washington StateVA Loans technically don’t have a “loan limit” the same way that a conforming or FHA loan does. Veterans, who have earned the benefit of having a VA loan are eligible for a zero or low-down payment mortgage. The calculation is based on 2026 conforming-loan limits and the veteran’s entitlement status. [Read more…]
Low-Down-Payment Programs, Renovation Loans & Down Payment Assistance OptionsWhat’s impacting mortgage rates this week? Check out my latest episode of The Mortgage Porter.
If you’re thinking about buying a home, refinancing or a reverse mortgage, let’s have a conversation – we can start planning, even if it’s months away.
Rhonda Porter is a Licensed Mortgage Originator MLO121324 living in the greater Seattle area. Rhonda began her career in 1986 in the title and escrow industry and began her mortgage career in 2000. She enjoys helping people understand the mortgage process and started writing The Mortgage Porter in late 2006. Read More…
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