Washington State Mortgages, Made Clear. Buying or Refinancing? Let's find the right loan together.
VA Loan Limits for 2026 for Washington StateVA Loans technically don’t have a “loan limit” the same way that a conforming or FHA loan does. Veterans, who have earned the benefit of having a VA loan are eligible for a zero or low-down payment mortgage. The calculation is based on 2026 conforming-loan limits and the veteran’s entitlement status. [Read more…]
USDA has released new income limits effective April 1, 2015. USDA offers a no-down payment mortgage program which is available in rural areas (typically a town with population of 10,000 or less). USDA does not have loan limits, the program is limited by household income and if the property is in a USDA designated location.
USDA offers mortgages with no down payment for homes that are located in designated rural areas to borrowers who meet household income limits. The mortgage rates are very competitive and the mortgage insurance (technically called “guarantee fees”) are very affordable. It’s truly a great program for those who qualify and are buying a home in rural areas, like Duvall, Enumclaw or Anacortes.
Recently, USDA issued Handbook 3555 with updated regulations for USDA mortgages. Here are just a few of the changes:
USDA, which offers zero down loans for homes located in designated rural areas, was effectively shuttered during the government shutdown. Once the shutdown was over, USDA had a delay in getting their cogs moving at full speed. We’ve received word that USDA is back to “normal”.
There’s just 10 days remaining before the boundaries determining eligible properties for USDA financing are set to change unless Congress takes action. I shared with you USDA had posted the “future” boundaries on their website back in April.
