2024 Conforming Loan Limits for Homes in Washington State

Conforming loan limits will be going up in 2024 across the country. Conforming high balance loan amounts for Washington state will remain unchanged from 2023.

Here are the 2024 conforming loan limits:

  • 1 Unit: $766,550
  • 2 Unit: $981,500
  • 3 Unit: $1,186,350
  • 4 Unit: $1,474,400

The following counties have “high balance” loan limits

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

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: [Read more…]

Breaking News: 2022 Conforming Loan Limits

The FHFA has announced the conforming loan limits for 2022. The conforming loan limit for a one-unit property will be $647,200. This is an increase of $98,950 from the 2021 loan limits. Homes located in counties designated as “High Balance”, such as King County, Pierce County and Snohomish County, will have higher loan limits.

Here is a complete list of the 2022 Conforming Loan Limits for homes located in Washington state. [Read more…]

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.

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…]