Great news! HUD has announced the new FHA loan limits for our area:
King, Snohomish and Pierce Counties
Single Family: $567,500 (up $204,710 from $362,790)
Two Family: $726,500
Three Family: $878,150
Four Family: $1,091,350
San Juan County
Single Family: $593,750 (up $230,960 from $362,790)
Two Family: $760,100
Three Family: $918,800
Four Family: $1,141,850
Kitsap County
Single Family: $475,000 (up $114,000 from $361,000)
Two Family: $608,100
Three Family: $735,050
Four Family: $913,450
Jefferson County
Single Family: $437,500 (up $105,000 from $332,500)
Two Family: $560,050
Three Family: $677,000
Four Family: $841,350
Clark County
Single Family: $418,750 (up $113,800 from $304,950)
Two Family: $536,050
Three Family: $648,000
Four Family: $805,300
Clallam County
Single Family: $383,750 (up $158,600 from $225,150)
Two Family: $491,250
Three Family: $593,800
Four Family: $738,000
Island County
Single Family: $381,250 (up to $91,500 from $289,750)
Two Family: $488,050
Three Family: $589,950
Four Family: $733,150
Whatcom County
Single Family: $375,000 (up to $90,000 from $285,000)
Two Family: $480,050
Three Family: $580,300
Four Family: $721,150
Skagit County
Single Family: $373,750 (up to $89,767 from $283,983)
Two Family: $478,450
Three Family: $578,350
Four Family: $718,750
Thurston County
Single Family: $361,250 (up to $86,700 from $274,550)
Two Family: $462,450
Three Family: $559,000
Four Family: $694,799
Kittitas County
Single Family: $328,750 (up $79,000 from $249,750)
Two Family: $420,850
Three Family: $508,700
Four Family: $632,200
Chelan and Douglas Counties
Single Family: $323,750 (up $78,200 from $245,550)
Two Family: $414,450
Three Family: $500,950
Four Family: $622,600
Mason County
Single Family: $310,000 (up $74,400 from $235,600)
Two Family: $396,850
Three Family: $479,700
Four Family: $596,150
Benton and Franklin Counties
Single Family: $275,000 (up $66,085 from $208,905)
Two Family: $352,050
Three Family: $425,550
Four Family: $528,850
Adams, Asotin, Columbia, Cowlitz, Ferry, Garfield, Grant, Grays Harbor, Klickitat, Lewis, Lincoln, Okanogan, Pacific, Pend Oreille, Spokane, Stevens, Wahkiakum, Walla Walla, Whitman and Yakima Counties
Single Family: $271,050 (up $70,890 from $200,160)
Two Family: $347,000
Three Family: $419,400
Four Family: $521,250
According to the Wall Street Journal, these figures will also be our temporary conforming loan limits.
"The upper mortgage limits also will apply to loans purchased or guaranteed by government-sponsored mortgage companies Fannie Mae and Freddie Mac, FHA officials said."
More information will follow as I receive it. Remember, these higher loan limits are only through the end of 2008.
