Rapidly increasing home values have lead the Federal Housing Finance Agency (FHFA) to raise the maximum conforming limits for loans starting January 1st, 2018.
Where median home values are significantly higher than the average, the limit can be raised up to 150% of the base. For King, Pierce, and Snohomish counties the limit will be $667,000.
What does that mean for you? More buying power!
With home values up in our area, the increase in loan limits will give buyers additional scope to make their move in 2018.