The Federal Housing Finance Agency has just announced the 2021 conforming loan limits for a single family dwelling will increase to $548,250. This is a jump higher from 2020’s limit of $510,400.
This amount is considered the base loan limit. Homes located in designated high cost areas, like King County, Pierce County and Snohomish County, will have a “high balance” conforming loan limit of $776,250.
Click here for a complete list of Washington state counties and their 2021 conforming loan limits.
I will let you know when FHA and VA announce 2021 loan limits.
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