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: $548,350
  • 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.

Conforming Loan Limits for 2020 for Washington State

Conforming loan limits are increasing for 2020 to $510,400 for a single family dwelling. Counties that are considered “high cost” such as King County, Pierce County and Snohomish County qualify to have a “high balance conforming” loan limit of $741,750. [Read more…]

When should you refi a low FHA mortgage rate?

Beautiful luxury home exterior at twilightMany homeowners are hanging onto very low mortgage rates when they should perhaps consider refinancing the mortgage for a higher rate. What??? [Read more…]

2019 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 $484,350.

Conforming high balance areas for King, Snohomish and Pierce counties have have higher limits for 2019 as well.  San Juan County will no longer has a high balance limit effective 2019.

King County, Snohomish County and Pierce County: [Read more…]

BREAKING NEWS: Conforming Loan Limits are HIGHER for 2019

Conforming loan limits effective 2019 will be increased from $453,100 to $484,350 for a single family dwelling. Homes located in “high balance areas” such as King County, Pierce County or Snohomish County, will have a conforming high balance loan limit of $726,525 from $667,000.

Stay tuned for a complete list of the 2019 conforming loan limits for homes located in Washington state.

PS: If you are considering refinancing or buying a home and want the higher loan limits with today’s interest rates, you may not have to wait! Contact me for more information if your home is located any where in Washington state, where I’m licensed.

Common Misconceptions about FHA and Conventional Mortgages

I just received a newsletter from a local real estate agent which had an article about whether buyers should opt for a conventional or FHA loan. I’m pretty certain the real estate agent didn’t write the article, however the author, whoever they are, got a lot of things wrong regarding these two mortgage programs. Many of the items that were wrong are what I think are fairly common misconceptions with these two popular mortgage programs. So I thought this was a grand opportunity to write a post to correct them…I’ll skip the fine hairs 😉 [Read more…]

2018 Conforming Loan Limits for Washington State

MortgageConforming loan limits are increasing again this year with the “base” loan limit for a single family home raised to $453,100.

Conforming high balance areas for King, Snohomish and Pierce counties have have higher limits for 2018 as well.

San Juan County’s high balance loan limits are unchanged from 2017. [Read more…]