FHA loan limits for Snohomish, King, Pierce Counties

After much speculation and the Department of Housing and Urban Development dragging it out almost to the last minute (ok, they're a week ahead of the deadline), the new FHA mortgage limits have been announced.

Keep in mind that lenders will still need to prepare to fund loans at the higher limits. Just because the limits have been established doesn't mean we can close tomorrow; having said that, this is a huge step in the right direction and at least on an emotional level should open the flood gates on the housing market.

Of course, we all knew there was no reason to stop buying in the first place.

Ok ok, without further adieu, to you and you and you...

The new FHA loan limit for Snohomish, King and Pierce Counties:

$567,500.

Have I mentioned I do FHA?

Applications accepted here: http://www.landovermortgage.com/jameswirth

And for my out-of-town readers, here's a link to the FHA Web site where you can search by county or other parameters to find out the loan limit in your area: https://entp.hud.gov/idapp/fhagov/hicostlook.cfm

Fannie Mae and Freddie Mac loan limits have yet to be announced but I will keep you posted!

As always, thanks for reading --

James