In 2008, as part of the Economic Stimulus Act of 2008, Congress authorized conforming loan limits increases in “high-cost” areas around the country. In King County, WA for example, a mortgage could be as large as $506,000 and still be considered “conforming”.
Filed under: First Time Home Buyer, Mortgage, Seattle | Tagged: Business, Economic Stimulus Act of 2008, Financial services, Loan, Mortgage, mortgage news, Mortgage Rates, Real Estate, Refinancing, United States | Leave a Comment »
