USDA Income Limits updated for 2017

The income limits for USDA no-down payment mortgages has been recently updated…of course this took place soon after I posted income limits! 😉  Just goes to show you that you have to keep in mind that guidelines are constantly changing in the mortgage industry and just because it’s published on a blog (or any website), it may not be the most current or accurate information. What that said…here is the updated post. [Read more…]

2017 VA Loan Limits for Washington State

MortgageLoan limits for VA mortgages have been announced and, like last year, will follow the conforming loan limits.

Technically, VA loans do not have limits like conforming and FHA mortgages. The “loan limit” that is referred to with a VA loan is highest loan amount a Veteran can borrower without making a down payment. It’s really a great benefit to those who have served our county. VA Jumbo loans (loan amounts over the VA limit) allow veterans to buy higher priced home with a greatly reduced down payment. [Read more…]

2017 FHA Loan Limits for Washington State

iStock-000018668640XSmallHUD has just announced FHA loan limits for 2017. Loan amounts were increased for all Washington counties EXCEPT for Chelan, Callam, Douglas, Jefferson, San Juan and Skagit which have the same FHA loan limits as 2016.

Loan limits for 2017 are in effect with FHA case numbers issued in 2017.

[Read more…]

BREAKING NEWS: 2017 FHA Loan Limits increased for Greater Seattle area

HUD has updated their website with the 2017 loan limits for FHA mortgages. King, Pierce and Snohomish counties will match the 2017 conforming high balance loan limits. FHA loan limits are effective with CASE NUMBERS issued in 2017. [Read more…]

2017 Conforming Loan Limits for Washington State

MortgageConforming loan limits are getting their first increase in ten years.

Conforming high balance areas for King, Snohomish and Pierce counties have have higher limits for 2017 as well.

San Juan County’s high balance conforming loan limit is unchanged from 2016. [Read more…]

BREAKING NEWS: Conforming Loan Limits INCREASED for 2017

MortgageConforming loan limits have been increased for 2017.  The last time conforming loan limits were raised was in 2006. Conforming loan limits for the last ten years for a single family dwelling have been limited to $417,000, unless the home was located in a county with a high balance conforming loan limit. High balance conforming loan limits for the greater Seattle area have been raised as well to $592,250 for a single family dwelling. [Read more…]