With the revised conforming loan amounts only being in effect until the end of the year, I'm going to stick with limits listing single family dwellings. Conforming loan amounts below are scheduled to be in effect from October 1, 2011 through December 1, 2011 and are listed by loan limit.
$506,000: King County, Pierce County and Snohomish County
$483,000: San Juan County
$417,000: Adams, Asotin, Benton, Chelan, Clallam, Columbia, Cowlitz, Douglas, Ferry, Franklin, Garfield, Grant, Grays Harbor, Island, Kittitas, Klickitat, Lewis, Lincoln, Mason, Okanogan, Pacific, Pend Oreille, Spokane, Stevens, Thurston, Wahkiakum, Walla Walla, Whatcom, Whitman and Yakima Counties.
I'm hoping that home owners "stuck in the gap" of yesterday's higher loan amounts and the pending loan amounts may be able to refi with a Home Affordable refi or what ever President Obama has up his sleeve with the recent jobs bill…we're waiting to learn more information about his proposal.
Once I learn of the 2012 loan limits (typically around November), which Fannie Mae has hinted could be even lower than what you see here, I'll be sure to share that information with you.
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