HUD has announced the 2025 loan limits for FHA mortgage loans.
King, Pierce and Snohomish Counties, the loan limits are:
- 1 Unit: $1,037,300
- 2 Unit: $1,327,950
- 3 Unit: $1,605,200
- 4 Unit: $1,994,850
2025 FHA Loan Limits for Washington State
November 26, 2024 by Leave a Comment
2025 Conforming Loan Limits for Washington State
November 26, 2024 by Leave a Comment
FHFA has announced the conforming loan limits for 2025.
- 1 Unit: $806,500
- 2 Unit: $1,032,650
- 3 Unit: $1,248,150
- 4 Unit: $1,551,250
High Balance Conforming Limits for King, Pierce and Snohomish Counties
- 1 Unit: $1,037,300
- 2 Unit: $1,327,950
- 3 Unit: $1,605,200
- 4 Unit: $1,994,850
Mortgage Market Rate Update
November 25, 2024 by Leave a Comment
It’s a short week with the Thanksgiving holiday and it’s STUFFED with scheduled economic indicators that may impact mortgage rates. Check it out on my latest video along with programs for people who are selling their homes.
Have a great week and wonderful holiday!
Mortgage Market Update for the Week of November 18, 2024
November 18, 2024 by Leave a Comment
This week’s episode includes what’s going on with mortgage rates, rent vs buy reports and credit tips to help you with holiday shopping.
If you or anyone you know are considering buying, refinancing or selling a home, please contact me! I am always happy to help.
Thank a Veteran by Accepting their Offer with a VA Loan
November 11, 2024 by Leave a Comment
Today, much deserved gratitude will be shared to our Veterans. We honor their courage, sacrifice and service that allow us to have our freedom.
As a mortgage professional, I am thrilled when I have received a purchase and sales agreement where the seller has agreed to allow the Veteran to use their VA loan.
A VA Loan is a benefit that the Veteran has earned. There are no loan limits and offers low to no down payment. [Read more…]
Mortgage Market Update for the Week of November 4, 2024
November 4, 2024 by Leave a Comment
I’m still in sunny California for my nephew’s wedding and will be back home before our next weekly update.
This week is set to be very volatile for mortgage rates with the elections taking place tomorrow. Although we may not have the final results for days, the markets will react.
We also have the Fed (FOMC) wrapping up their two-day meeting on Thursday. It’s widely expected that the Fed will reduce the Fed funds rate by 25 basis points. While this does not directly impact mortgage rates, it does influence the direction of mortgage interest rates. [Read more…]
Appraisal Waivers Expanded for Conforming Purchases
November 1, 2024 by Leave a Comment
The FHFA announced expanded guidelines for appraisal waiver increasing the maximum loan to value (LTV) from 80% to 90% on purchase transactions. An appraisal waiver is not guaranteed on all conforming mortgages. Loans are submitted to the automated underwriting systems for Fannie Mae or Freddie Mac, which determine whether or not a transaction will receive an appraisal waiver.
Possible eligible transactions include: [Read more…]
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