Washington State Conforming Loan Limits in 2020

Washington State Conforming Loan Limits in 2020

View limits for VA | FHA | conforming

Overview: this site includes the 2020 loan that is conforming for all Washington State counties, with a few additional commentary regarding how and just why these caps are set. Mortgage loans that exceed the maximum quantities shown listed here are considered “jumbo” mortgages.

Effective December 2019 Sammamish Mortgage has expanded our balance that is high conforming to $741,750 no matter what the county loan limitation. This enables our customers to prevent the tighter loan instructions and higher prices and expenses generally speaking connected with Jumbo Loans options that are including not as much as 20% down.

At a look: The current single-family conforming loan restriction for some counties in Washington State is $510,400 (a growth within the 2019 limit of $484,350 ). Within the higher priced Seattle-area counties of King, Pierce, and Snohomish, the single-family loan limitation happens to be risen to $741,750 for 2020. Continue reading “Washington State Conforming Loan Limits in 2020”