Conventional Loan Limits increase to $517,000

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Effective with loan closings after January 1st, 2015 the conventional loan limits for King, Pierce, and Snohomish counties will increase from $506,000 to $517,500.  This is good news for folks who are looking to purchase with only 10% down as many Jumbo options require 20% down to get the best rates.  We expect FHA and VA to follow suit, but they have not made a formal announcement yet.

Posted on December 4, 2014 at 5:02 am
Sue Lunsford | Category: Uncategorized

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