Archives for November 2022

2023 Conforming Loan Limits for Washington

Conforming loan limits for 2023 are going up for homes located in Washington state.

  • 1 Unit: $726,200
  • 2 Unit: $929,850
  • 3 Unit: $1,123,900
  • 4 Unit: $1,396,800

The following counties have “high balance” loan limits:

King County, Pierce County and Snohomish County:

  • 1 Unit: $977,500
  • 2 Unit: $1,251,400
  • 3 Unit: $1,512,650
  • 4 Unit: $1,879,850

Loan amounts over the limits stated above are considered “non-conforming” or jumbo mortgages.

Please contact me if you are considering buying or refinancing a home. I’m happy to help you!

Seller Buydowns for Investment Property

3-2-1 and 2-1 seller buydowns allow homebuyers to have below market interest rates. The seller is essentially prepaying a portion of the buyers mortgage payment to effectively “buy down” the payment for a specific period of time. [Read more…]

What are Seller Buydowns?

“Seller Buydown” seems to be a very trendy phrase these days since interest rates have moved higher. There are a couple different types of Seller Buydowns that help make homes more affordable for potential home buyers. [Read more…]

I’ve moved!

After 23 years of helping people with their mortgage needs at Mortgage Master Service Corporation, I have made a move to New American Funding. You can still reach me at my same phone number and email. And you can still click the “Get Approved” link above to start a loan application with me. I am still here to help you (and anyone you care about) with your home loans. [Read more…]

Mortgage Rates Improved!

Mortgage interest rates are having one of their best days in months following the CPI report released this morning showing better than expected data on inflation. Yes, inflation is still high but this morning’s report indicates that it may be starting to correct. [Read more…]