2021 FHA Loan Limits for Washington State

FHA mortgages allow for minimum down payment and do not have income limits. FHA tends to have a little more flexible underwriting than conventional mortgages.

Here is a complete list of the 2021 FHA loan limits for homes located in Washington state:

Chelan County

  • 1 Unit: $371,450
  • 2 Unit: $475,500
  • 3 Unit: $574,800
  • 4 Unit: $714,350

Clallam County

  • 1 Unit: $384,100
  • 2 Unit: $491,700
  • 3 Unit: $594,350
  • 4 Unit: $738,650

Clark County

  • 1 Unit: $517,500
  • 2 Unit: $662,500
  • 3 Unit: $800,800
  • 4 Unit: $995,200

Douglas County

  • 1 Unit: $371,450
  • 2 Unit: $475,500
  • 3 Unit: $574,800
  • 4 Unit: $714,350

Island County

  • 1 Unit: $431,250
  • 2 Unit: $552,050
  • 3 Unit: $667,350
  • 4 Unit: $829,350

King County

  • 1 Unit: $776,250
  • 2 Unit: $993,750
  • 3 Unit: $1,201,200
  • 4 Unit: $1,492,800

Kitsap County

  • 1 Unit: $435,850
  • 2 Unit: $557,950
  • 3 Unit: $674,450
  • 4 Unit: $838,200

Pierce County

  • 1 Unit: $776,250
  • 2 Unit: $993,750
  • 3 Unit: $1,201,200
  • 4 Unit: $1,492,800

San Juan County

  • 1 Unit: $497,950
  • 2 Unit: $637,450
  • 3 Unit: $770,550
  • 4 Unit: $957,600

Skagit County

  • 1 Unit: $405,950
  • 2 Unit: $519,700
  • 3 Unit: $628,200
  • 4 Unit: $780,650

Skamania County

  • 1 Unit: $517,500
  • 2 Unit: $662,500
  • 3 Unit: $800,800
  • 4 Unit: $995,200

Snohomish County

  • 1 Unit: $776,250
  • 2 Unit: $993,750
  • 3 Unit: $1,201,200
  • 4 Unit: $1,492,800

Thurston County

  • 1 Unit: $405,950
  • 2 Unit: $519,700
  • 3 Unit: $628,200
  • 4 Unit: $780,650

Whatcom County

  • 1 Unit: $442,750
  • 2 Unit: $566,800
  • 3 Unit: $685,100
  • 4 Unit: $851,450

All other counties in Washington state not listed above, including: Adams, Asotin, Benton, Columbia, Cowlitz, Ferry, Franklin, Garfield, Grant, Grays Harbor, Jefferson, Kittitas, Klickitat, Lewis, Lincoln,  Mason, Okanogan, Pacific, Pend Oreille, Spokane, Stevens, Wahkiakum, Walla Walla, Whitman, and Yakima

  • 1 Unit: $356,362
  • 2 Unit: $456,275
  • 3 Unit: $551,500
  • 4 Unit: $685,400

I have been helping Washington state home owners with FHA mortgages at Mortgage Master Service Corporation since 2000. If I can help you with your mortgage needs for a home located anywhere in Washington state, please contact me!

Breaking News: 2021 FHA Loan Limits for King, Snohomish and Pierce Counties

HUD has announced 2021 loan limits for FHA mortgages. Like conforming mortgages, the loan limits will increase in 2021. Here are the limits for homes located in King, Pierce and Snohomish Counties.

  • 1 Unit: $776,250
  • 2 Unit: $993,750
  • 3 Unit: $1,201,200
  • 4 Unit: $1,492,800

Click here for a complete list of 2021 FHA loan limits for homes located in Washington state.

If you are considering buying or refinancing your Washington state home, I’m happy to help you!

2021 Conforming Loan Limits for Washington

Conforming loan limits are increasing again this year with the “base” loan limit for a single family home raised to $548,250.

Conforming high balance areas for King, Snohomish and Pierce counties have have higher limits for 2021 as well.

King County, Snohomish County and Pierce County:

  • One Unit: $776,250
  • Two Unit: $993,750
  • Three Unit: $1,201,200
  • Four Unit: $1,492,800

Adams, Asotin, Benton, Chelan, Clallam, Clark, Columbia, Cowlitz, Douglas, Ferry, Franklin, Garfield, Grant, Grays Harbor, Island, Jefferson, Kitsap, Kittatas, Klickitat, Lewis, Mason, Okanogan, Pacific, Pend Oreille, San Juan, Skagit, Skamania, Spokane, Stevens, Thurston, Wahkiakum, Walla Walla, Whatcom, Whitman and Yakima Counties:

  • One Unit: $548,250
  • Two Unit: $702,000
  • Three Unit: $848,500
  • Four Unit: $1,054,500

I have been helping people refinance and buy homes in Washington state since 2000 at Mortgage Master Service Corporation. If I can help you with your mortgage needs, please contact me.

Breaking News: 2021 Conforming Loan Limits Increased to $548,250

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.

Mortgage Rates following the Election

Mortgage rates were slightly higher today from Friday. The Dow soared this morning after news from Pfizer of a successful vaccine for Covid-19. The Dow closed up a whopping 834 points on this good news. The markets also seemed to respond favorably to Biden winning the election and becoming our 46th President. [Read more…]

Recent Interview in the Seattle Times about Seattle Homebuyers

I’m honored to have been quoted in the Seattle Time‘s yesterday in Katherine Khashimova Long’s article “Autumn of heartbreak for home shoppers as Seattle-area prices hit new record highs”. My quote wound up being a tid-bit in the article and I thought it would be interesting to share some of the points that we discussed during the interview. [Read more…]

Potential Recording Delays for Properties in King County

The entire real estate industry is inundated from the historically low mortgage rates that have caused a refi boom during a pandemic, no less! When you buy or refinance a home, documents are recorded in that specific county to give “public notice” of the transaction. Once your transaction is “recorded” it is typically considered “closed”. [Read more…]

Appraisal Waivers on Conforming Mortgages

Some conforming mortgages for refinances or home purchases may not require an appraisal. It all boils down to what the response is from Fannie Mae or Freddie Mac’s automated underwriting systems on whether or not an appraisal is required. You may have perfect credit and tons of equity in your home, yet no appraisal waiver if Fannie or Freddie’s underwriting systems determine it’s not eligible.

Your next conforming mortgage might be eligible to not have an appraisal if it meets the following criteria: [Read more…]