Comments on: Seattle Conforming Loan Limits Increased For 2011 (Ends 9/2011)

By: Seattle Real Estate Loan Limits Changing 9/2011 | Seattle Home Mortgage

Seattle Real Estate Loan Limits Changing 9/2011 | Seattle Home Mortgage — Tue, 12 Jul 2011 19:32:15 +0000

[...] reduction in loan limit will directly impact your real estate buying power and qualifying. Click here for more [...]

By: FHA Streamline 203K home loan financing | Seattle Home Mortgage

FHA Streamline 203K home loan financing | Seattle Home Mortgage — Mon, 07 Jun 2010 10:22:46 +0000

[...] This loan program is open to single family homes to a 4 plex. Loan limits are the exact same as if you were buying with FHA financing. Here are the local County loan limits. [...]

By: sfujita

sfujita — Tue, 24 Nov 2009 17:50:54 +0000

County loan limits will remain for 2010 as of now!!

By: sfujita

sfujita — Wed, 20 May 2009 18:37:35 +0000

Hi Liu,

Since you are within King County, you would be eligible to refinance since the County limit has been increased to $567,500. Yes the loan limit applies to all loans.

When you have time, please give us a call and we can provide specific details for your scenario.

425.818.2078
Thanks

By: Liu

Liu — Wed, 20 May 2009 18:05:06 +0000

Thanks, and it is good news. I live in Issaquah. I was told once by some mortgage broker that this new limit only applied to loans originated from fannie mae. I take this is incorrect, and the limit in fact applies to all loans?

By: koakada

koakada — Wed, 20 May 2009 02:04:15 +0000

Hi Liu, you are correct, you are able to refinance. However this all depends on the area that you live in. Because what they call the high balance loan limits are based on state to state increases it will all come down to where your home it located. We are located in Washington State and King, Pierce, and Snohomish counties all qualify for the high balance loan limit. Please specify what State/County you live in and we would be happy to provide further details for you.

The other variable to consider is how much equity remains in your home.
Thank You!

By: Liu

Liu — Mon, 18 May 2009 22:38:15 +0000

If I have a junbo loan of %500,000 from, say, bank of america, does this limit increase mean I can refinance this loan as a regular 30 year fix? Thanks.

By: sfujita

sfujita — Thu, 14 May 2009 22:45:49 +0000

Yes the conforming loan limits have been increased back to the chart above.

King, Pierce, and Snohomish counties are all at $567,500

By: sfujita

sfujita — Wed, 22 Apr 2009 18:44:25 +0000

The super conforming/agency jumbo loan limits were held back to $506k in King county for example. They will go back to $567,500 at the beginning of May for some lenders and possibly earlier for others. If you have a specific lender call and ask to verify.

By: sfujita

sfujita — Sat, 18 Apr 2009 22:54:14 +0000

There has been a temporary freeze on the super conforming loan limits of $567,500 in King county for example. Right now the limit remains at the $506,000. May 1, 2009 the limits may go back to $567,500 so please check back. If you are in that price point for a refinance or purchase, please be patient.

Thanks
The Mortgage Reel