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Washington Conforming, FHA & VA Loan Limits by County

Washington State mortgage loan limits

WASHINGTON STATE LOAN LIMITS

Washington State Conventional Loan Limits

Conventional loan limits in Washington State restrict the size of mortgages to comply with Fannie Mae and Freddie Mac guidelines. Fannie and Freddie are two government-sponsored entities (GSEs) responsible for buying and securitizing the bulk of mortgages in the United States. You see, a borrower takes out a loan from a lender and then a GSE acquires it from the lender. This chain of events keeps liquidity in the nation’s home financing market. But in order for this chain events to run smoothly, everyone needs to operate with the same set of rules.

Thus, the Federal Housing Finance Agency (FHFA), a division of HUD that regulates the GSEs, sets conforming loan limits. The FHFA does so by monitoring the House Price Index (HPI) publishing loan limits each year.

FHFA sets conforming loan limits on a regional basis, by county within Washington. There are two types of conventional loans, conforming and non-conforming.

  • Conforming loans are equal to or less than the published conforming loan limits.
  • Non-conforming loans exceed conforming loan limits and are subsequently called jumbo loans.

For one-unit properties in Washington, conforming loan limits are:

  • $424,100 most counties
  • $592,250 in high-cost counties

Washington VA Loan Limits

Washington State VA loan limits are the same as their conventional/conforming counterparts. Lenders typically do not make VA loans in amounts that exceed FHFAs conforming limits.

For one-unit properties in Washington, the VA typically guarantees (insures) 25% of a loan amount up to:

  • $424,100 in most counties
  • $592,250 in high-cost counties

Washington FHA Loan Limits

HUD sets loan limits for FHA-insured mortgages. Like other programs, FHA loan limits are set by region (county), based on local median home prices. In order for a loan to qualify for FHA mortgage insurance, it must not exceed the cap.
For one-unit properties in Washington, FHA loan limits are:

  • $275,665 floor in low-cost areas,
  • 115% of median home prices in the county, or a maximum of
  • $582,250 ceiling in high-cost areas.

CONFORMING, VA & FHA LOAN LIMITS BY COUNTY

In the table below, you will find conforming, VA and FHA loan limits by county in Washington State. The loan limits are for single-family residences. Multi-family units (like duplexes) go higher.

County NameConforming and VA LimitsFHA Loan Limit
ADAMS$424,100$275,665
ASOTIN$424,100$275,665
BENTON$424,100$275,665
CHELAN$424,100$342,700
CLALLAM$424,100$384,100
CLARK$424,100$408,250
COLUMBIA$424,100$275,665
COWLITZ$424,100$275,665
DOUGLAS$424,100$342,700
FERRY$424,100$275,665
FRANKLIN$424,100$275,665
GARFIELD$424,100$275,665
GRANT$424,100$275,665
GRAYS HARBOR$424,100$275,665
ISLAND$424,100$327,750
JEFFERSON$424,100$322,000
KING$592,250$592,250
KITSAP$424,100$310,500
KITTITAS$424,100$275,665
KLICKITAT$424,100$275,665
LEWIS$424,100$275,665
LINCOLN$424,100$275,665
MASON$424,100$275,665
OKANOGAN$424,100$275,665
PACIFIC$424,100$275,665
PEND OREILLE$424,100$275,665
PIERCE$592,250$592,250
SAN JUAN$483,000$483,000
SKAGIT$424,100$315,100
SKAMANIA$424,100$408,250
SNOHOMISH$592,250$592,250
SPOKANE$424,100$275,665
STEVENS$424,100$275,665
THURSTON$424,100$297,850
WAHKIAKUM$424,100$275,665
WALLA WALLA$424,100$275,665
WHATCOM$424,100$320,850
WHITMAN$424,100$275,665
YAKIMA$424,100$275,665

Clark County includes cities of Vancouver, Camas, Battle Ground and Washougal.

King County includes cities of Seattle, Bellevue, Renton, Kent, Federal Way, Kirkland and Redmond.

Pierce County includes cities of Tacoma, Puyallup and Lakewood.

Snohomish County includes cities of Everett, Snohomish, Lynnwood and Marysville.

Spokane County includes cities of Spokane, Spokane Valley and Cheney.

Thurston County includes cities of Olympia, Lacey and Tumwater.

Whatcom County includes city of Bellingham.