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January 2018

Feds raise limits for jumbo loans

Federal housing officials increased the loan limit for single family residence nearly 7 percent for most parts of Washington state, and raised the limit for jumbo loans by more than 12.6 percent.

The new limits, announced in late November, raises the conforming loan limit from $425,100 to $453,100. In King, Snohomish and Pierce counties, which are subject to jumbo loans, the limit increased from $592,250 to $667,000. New rates were also announced for San Juan County.

Units King, Snohomish
& Pierce counties
San Juan
All other counties
in Washington state
1 $667,000$483,000$453,100
2 $853,900$618,300$580,150
3 $1,032,150$747,400$701,250
4 $1,282,700$928,850$871,450

Courtesy of Jeff Tisdale, V.I.P. Mortgage, Inc.