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View limits for: VA | FHA | conforming

This page includes the 2017 conforming loan limits for all Washington State counties, along with some commentary about how these numbers are set. Loans that exceed the amounts shown below are considered “jumbo” mortgages.

At a glance: The current single-family conforming loan limit for most counties in Washington State is $424,100. In the Seattle metro-area counties of King, Pierce and Snohomish, the single-family loan limit is set at $592,250 due to the higher home prices in the area. San Juan County is capped at $483,000.

Conforming Loan Limits for Washington State, 2017

The table below shows conforming loan limits for all counties in Washington State, and for all four property types. Note: a “1-unit” property is a basic single-family home with one resident. “Two-unit” refers to a duplex-style property with two separate residents, and so on. If you’re buying a single-family home or condo in Washington State, refer to the “1-unit” conforming loan limit column.

County1-Unit2-Unit3-Unit4-Unit
Adams$424,100$543,000$656,350$815,650
Asotin$424,100$543,000$656,350$815,650
Benton$424,100$543,000$656,350$815,650
Chelan$424,100$543,000$656,350$815,650
Clallam$424,100$543,000$656,350$815,650
Clark$424,100$543,000$656,350$815,650
Columbia$424,100$543,000$656,350$815,650
Cowlitz$424,100$543,000$656,350$815,650
Douglas$424,100$543,000$656,350$815,650
Ferry$424,100$543,000$656,350$815,650
Franklin$424,100$543,000$656,350$815,650
Garfield$424,100$543,000$656,350$815,650
Grant$424,100$543,000$656,350$815,650
Grays Harbor$424,100$543,000$656,350$815,650
Island$424,100$543,000$656,350$815,650
Jefferson$424,100$543,000$656,350$815,650
King$592,250$758,200$916,450$1,138,950
Kitsap$424,100$543,000$656,350$815,650
Kittitas$424,100$543,000$656,350$815,650
Klickitat$424,100$543,000$656,350$815,650
Lewis$424,100$543,000$656,350$815,650
Lincoln$424,100$543,000$656,350$815,650
Mason$424,100$543,000$656,350$815,650
Okanogan$424,100$543,000$656,350$815,650
Pacific$424,100$543,000$656,350$815,650
Pend Oreille$424,100$543,000$656,350$815,650
Pierce$592,250$758,200$916,450$1,138,950
San Juan$483,000$618,300$747,400$928,850
Skagit$424,100$543,000$656,350$815,650
Skamania$424,100$543,000$656,350$815,650
Snohomish$592,250$758,200$916,450$1,138,950
Spokane$424,100$543,000$656,350$815,650
Stevens$424,100$543,000$656,350$815,650
Thurston$424,100$543,000$656,350$815,650
Wahkiakum$424,100$543,000$656,350$815,650
Walla Walla$424,100$543,000$656,350$815,650
Whatcom$424,100$543,000$656,350$815,650
Whitman$424,100$543,000$656,350$815,650
Yakima$424,100$543,000$656,350$815,650

How These Limits Are Set

Washington State conforming loan limits are determined by the Federal Housing Finance Agency (FHFA). The Housing and Economic Recovery Act of 2008 (HERA) requires the FHFA to monitor and track average home prices in the U.S., and to annually adjust the baseline loan limit as needed to reflect changes in national home values.

In other words, if prices go up considerably in a certain county, FHFA may increase the corresponding loan limits to keep pace with rising home values. This is what happened from 2016 to 2017.

The baseline loan limit mentioned above is currently set at $424,100. Conforming limits are usually set at 115% of the median home price for each area, though they can exceed this level in some high-cost areas.

The 2017 conforming limit for most counties in Washington State is $424,100. The exceptions are King, Pierce, Snohomish and San Juan counties. (See the table above for details.)

In recent years, FHFA has used the median home values estimated by the Federal Housing Administration (FHA), which is part of HUD. So there are several federal housing agencies involved in determining loan limits.

Why They Went Up in 2017

Back in 2016, we predicted that federal housing officials would increase the conforming loan limits for the Seattle metro area, in response to significant home-price gains. That predictions proved accurate. In fact, the FHFA raised limits across the entire country.

According to a November 23 news release from FHFA:

In most of the country, the 2017 maximum loan limit for one-unit properties will be $424,100, an increase from $417,000. This will be the first increase in the baseline loan limit since 2006. In higher-cost areas, higher loan limits will be in effect.”

The Seattle metro area is one of these “higher-cost” areas, which is why King, Pierce and Snohomish counties all have higher loan limits than the rest of Washington State.

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