You’ll be happy to know that loan limits have been lifted in the King County area to the following:
Single family – $567,500
Two family (duplex) – $726,500
Three family (triplex) – $878,150
Four family (4-plex) – $1,091,350
You can find all counties for the USA at this site: https://entp.hud.gov/idapp/html/hicostlook.cfm
This is good not only for buyers but for sellers as well because now you’ll have more buyers that can get loans at better rates than what they could before for higher priced areas. If a house had to qualify under JUMBO loan rates before a buyer may have to pay up to a full percentage point higher than a less than JUMBO loan. I think I’ll be looking for a refinance for myself this year…. 🙂
