2009 FHA Loan Limits – Washington State

Posted on December 17, 2008
Filed Under FHA Home Loans, Homebuyers | 7 Comments

FHA Loan Limits – 2009 – Washington State Counties

Beginning in 2009 there are new FHA loan limits that loan agents and real estate agents need to be aware of.  This will affect borrowers you are currently working with.   If they are searching for a home with 2008 loan limits you will need to advise them of the new lower fha loan limits for 2009 as this will have a bearing on their purchase price.  Remember, the loan limit is not the purchase price.      When you factor in the 3.5% down payment you can adjust your purchase price upward so that you end up within the loan limit guidelines.

County 1 Unit 2 Units 3 Units 4 Units

Adams County $368,000.00 $471,100.00 $569,450.00 $707,700.00
Chelan County $342,700.00 $438,700.00 $530,300.00 $659,050.00
Clallam County $296,700.00 $379,800.00 $459,100.00 $570,550.00
Clark County $362,250.00 $463,750.00 $560,550.00 $696,650.00
Douglas County $342,700.00 $438,700.00 $530,300.00 $659,050.00
Island County $316,250.00 $404,850.00 $489,350.00 $608,150.00
Jefferson County $322,000.00 $412,200.00 $498,250.00 $619,250.00
King County $506,000.00 $647,750.00 $783,000.00 $973,100.00
Kitsap County $307,050.00 $393,050.00 $475,150.00 $590,500.00
Pierce County $506,000.00 $647,750.00 $783,000.00 $931,100.00
San Juan County $483,000.00 $618,300.00 $747,400.00 $928,850.00
Skagit County $295,550.00 $378,350.00 $457,350.00 $568,350.00
Skamania County $362,250.00 $463,750.00 $560,550.00 $696,650.00
Snohomish County $506,000.00 $647,750.00 $783,000.00 $931,100.00
Thurston County $293,250.00 $375,400.00 $453,750.00 $563,950.00
Whatcom County $304,750.00 $390,100.00 $471,550.00 $586,050.00

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Comments

7 Responses to “2009 FHA Loan Limits – Washington State”

  1. beachdude on December 18th, 2008 2:53 am

    Loan modification is a process whereby a home owner’s mortgage is modified and both the lender and homeowner are bound by the new terms of the new mortgage.

    The most common loan modifications are listed below:
    • lowering the mortgage interest rate
    • reducing the mortgage principal balance
    • fixing adjustable interest rates within the mortgage
    • increasing the loan term throughout the mortgage
    • forgiveness of payment defaults and fees
    • or any combination of the above

  2. Mario Rossi on December 27th, 2008 9:41 pm

    Ciao and greetings from Italy, I am Mario a Realtor from Rome, grazie for posting such interesting information, for me is appropriate as now the Real Estate credit crisis is the same similar situation in Europe and indeed very relevent to the Real Estate at this moment Market here in Italy.

  3. admin on January 1st, 2009 6:11 pm

    Welcome Mario! Thank you for sharing your insight about the home loan financing and real estate market conditions in Italy.

  4. Co-Borrowers & Co-signers | Vancouver Washington Real Estate Information on January 2nd, 2009 11:17 pm

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  7. DudleyLADONNA20 on November 19th, 2011 6:40 am

    Some time ago, I really needed to buy a good house for my corporation but I didn’t earn enough money and could not buy anything. Thank goodness my fellow proposed to get the oan at reliable bank. So, I did that and was happy with my short term loan.

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