Conform Amount Pdf For Free

2023 conforming loan limit WA is $726,200 and goes up to $977,500 for high-cost counties for one-unit properties.

Conventional (conforming) Loan amount must be $726,200 or less in most counties and may be as high as $1,089,300 in high-cost counties.

In 2023, the conforming loan limit for most counties in the state of Washington is $726,200. Homes in Seattle area counties (King, Pierce and Snohomish) are more expensive on average so the conforming loan limit in these locations in 2023 is $977,500. This means any loan above these amounts is considered a jumbo loan.

In general, the loan limits are $726,200, although they go as high as $1,089,300 in some high-cost counties in continental United States and Puerto Rico, and higher still in Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Mortgage loans are allowed to exceed these loan limits.

As a general rule of thumb, you can expect to make a down payment of at least 10% on your jumbo loan. Some lenders may require a minimum down payment of 25%, or even 30%. While a 20% down payment is a good benchmark, it's always best to talk to your lender about all options.

In Chicago, Illinois, and throughout Cook County, the conforming loan cap is the same as most parts of the country at $726,200. Anything above this amount falls into the ?jumbo? category.

In general, the loan limits are $726,200, although they go as high as $1,089,300 in some high-cost counties in continental United States and Puerto Rico, and higher still in Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Mortgage loans are allowed to exceed these loan limits.