2017 Conforming Loan Limits Increased to $592,250

While everyone was in a tryptophan induced coma last week, the Federal Housing Finance Agency (FHFA) quietly raised the conforming loan limits. Effective January 1, 2017, the regular conforming loan limit will go from $417,000 to $424,100 and the high-balance loan limit for King County will go from $540,500 to $592,250.

This is welcome news for buyers and sellers in King County where the median price of a single-family home sold in October jumped 15 percent over a year ago to $550,000!


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