December 8th, 2017 3:55 PM by Sam Kader MLO130505
The Federal Housing Finance Agency (FHFA) announced on 11/28/2017 that the maximum loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018 will be revised upwards. The new loan limits for Conforming One-Unit properties is now at $453,100 which is $29,000 higher than the 2017 loan limits at $424,000. Here in King County, WA - we are qualified for high-cost area limits at $667,000 for One-Unit properties. Check online here for FHA, Conventional and county specific loan limits.