Mortgage rates continue to trend higher as confirmed by Freddie Mac’s weekly Prime Mortgage Market Survey released this morning.
Appraisals waived for some refinances!
December 5, 2016 by 2 Comments
Fannie Mae will begin offering appraisal waivers on some refinance transactions. This is great news as it will help transactions that qualify have a quicker closing and help reduce the work load for appraisers which will hopefully help expedite current appraisal turn-times. This will also help home owners save money on their transaction by not having to pay an appraisal fee, which have gone up dramatically over the last few months. [Read more…]
2017 VA Loan Limits for Washington State
December 2, 2016 by Leave a Comment
Loan limits for VA mortgages have been announced and, like last year, will follow the conforming loan limits.
Technically, VA loans do not have limits like conforming and FHA mortgages. The “loan limit” that is referred to with a VA loan is highest loan amount a Veteran can borrower without making a down payment. It’s really a great benefit to those who have served our county. VA Jumbo loans (loan amounts over the VA limit) allow veterans to buy higher priced home with a greatly reduced down payment. [Read more…]
2017 FHA Loan Limits for Washington State
December 1, 2016 by Leave a Comment
HUD has just announced FHA loan limits for 2017. Loan amounts were increased for all Washington counties EXCEPT for Chelan, Callam, Douglas, Jefferson, San Juan and Skagit which have the same FHA loan limits as 2016.
Loan limits for 2017 are in effect with FHA case numbers issued in 2017.
BREAKING NEWS: 2017 FHA Loan Limits increased for Greater Seattle area
December 1, 2016 by Leave a Comment
HUD has updated their website with the 2017 loan limits for FHA mortgages. King, Pierce and Snohomish counties will match the 2017 conforming high balance loan limits. FHA loan limits are effective with CASE NUMBERS issued in 2017. [Read more…]
Mortgage rates continue to climb higher
December 1, 2016 by Leave a Comment
Freddie Mac released their Prime Mortgage Market Survey (PMMS) this morning showing rates continuing to move higher.
2017 Conforming Loan Limits for Washington State
November 23, 2016 by Leave a Comment
Conforming loan limits are getting their first increase in ten years.
Conforming high balance areas for King, Snohomish and Pierce counties have have higher limits for 2017 as well.
San Juan County’s high balance conforming loan limit is unchanged from 2016. [Read more…]
BREAKING NEWS: Conforming Loan Limits INCREASED for 2017
November 23, 2016 by Leave a Comment
Conforming loan limits have been increased for 2017. The last time conforming loan limits were raised was in 2006. Conforming loan limits for the last ten years for a single family dwelling have been limited to $417,000, unless the home was located in a county with a high balance conforming loan limit. High balance conforming loan limits for the greater Seattle area have been raised as well to $592,250 for a single family dwelling. [Read more…]
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