2021 VA Loan Limit for Washington State

VA loans are following conforming loan limits for single family dwellings. In 2021, the loan limit is:

King, Snohomish and Pierce Counties:

  • $776,250

All other counties:

  • $548,250

The “limits” above basically mean this is the maximum a qualified veteran can borrower for a home without having a down payment. Veterans may exceed these amounts if they are willing to have a reduced down payment.

The reduced down payment is basically 25% of the difference between the sales price and the loan limit.

Home Sellers (and Listing Agents) should really consider accepting VA home buyers. Just because they may have a reduced down payment does not mean that they are less qualified. This is a BENEFIT that Veterans have EARNED by serving our country. In addition, VA mortgages do not have monthly mortgage insurance premiums and sometimes the mortgage rates are lower than other mortgage programs.

If I can help you with a VA mortgage or any other type of home located in Washington state, please contact me!

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