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New Loan Limits

Blog by Kristen Meyer | March 15th, 2008

What's all of this talk about new loan limits?  In a nutshell, if you are taking out a loan in King County, Washington, you will be able to borrow up to $567,500 without having to pay Jumbo loan rates.  You will no longer be penalized if you need to borrow more than $417,000 which was the former ceiling for a Conventional loan.  This is a long overdue adjustment for Seattle Metro area homebuyers who are well aware that houses are more expensive here than they are in many other US cities.  Email me if you're interested in finding out more.  kmeyer@kw.com