Don’t Wait to Purchase Your Dream Home
Mortgage rates have declined from the highs reached late last year. You may be wondering if you should wait for them to drop further before
In high balance counties the loan limit may even be higher. For example, Pierce, King, and Snohomish county limits are up to $977,500. What does this mean exactly? Loan Officer, Justin Nimick gives us insight. “It means more buying power! Conforming loans (up to $726,200) typically have more favorable rates vs. high balance or super conforming ($726,201-$977,500). Jumbo loans can actually carry a lower rate, but often have more strict requirements.”
For borrowers who were looking to purchase a home that previously exceeded the loan limit, this increase may be the opportunity they’ve been waiting for. Curious about your specific scenario? Schedule an appointment today to learn more about how this news may impact you.
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