Comments on: How Much Home You Can Buy with $17,550 Down

By: Rhonda Porter

Rhonda Porter — Sat, 06 Dec 2008 04:57:02 +0000

Just want to correct my last comment, which was estimating the new jumbo-conforming loan limit based on the home values at that time. With lower home values, the new “high balance” (which replaces the conforming jumbo product) loan limit for King, Pierce and Snohomish counties is $506,000.

Also, FHA requires a 3.5% down payment effective January 1, 2009.

By: Rhonda Porter

Rhonda Porter — Tue, 12 Aug 2008 04:01:05 +0000

Looks like our new loan limit will be $522,100 for King, Snohomish and Pierce County as of January 1, 2009. After December 31, 2008, instead of being able to buy a home at $585k w/FHA min down of 3%, we’ll be closer to $540k. (still pretty amazing).

By: The Housing Rescue Bill | Seattle Real Estate ~ Rain City Guide

The Housing Rescue Bill | Seattle Real Estate ~ Rain City Guide — Wed, 30 Jul 2008 20:05:11 +0000

[...] median home value to 115% of the median home value beginning January 1, 2009. As I mentioned, your days of a loan amount of $567,500 are numbered. The new conforming/FHA jumbo limit may be closer to [...]

By: Rhonda Porter

Rhonda Porter — Mon, 23 Jun 2008 22:11:59 +0000

Thanks, shell. I was a little surprised at the reaction and how much attention this post received. It’s funny…sometimes you can write something and think it’s fantastic and receive very little attention for it…ya never know!

Bottom line, this post is about educating consumers and agents…and getting information out there.

I’m glad we were able to help!

By: shell smith

shell smith — Mon, 23 Jun 2008 21:18:33 +0000

Well, it seems this post was met with mixed reviews. I actually found this information very helpful. I have been looking for Miami homes and have found this great site that helps me look at specific areas with the aid or a great Google maps tool. This site has helped me a lot, and so has your information. I was surprised to read the negative comments - I guess they felt pretty naive to me - I don't need disclaimers on all the information I read.

By: ARDELL

ARDELL — Mon, 23 Jun 2008 02:20:48 +0000

We went to Atlantic City…once, for a week. That’s the only trip I remember as a whole family. Come to think of it my Dad drove us there on the weekend, then went home and worked the whole week, and came back on the weekend. I guess that’s why most people don’t have seven kids anymore

By: Kary L. Krismer

Kary L. Krismer — Sun, 22 Jun 2008 15:46:08 +0000

Ardell, my mother was a teacher, but my step-father worked in the ship yard in Bremerton. One year he took 3 months off so that we could travel around the entire US towing an Airstream trailer. That was 40 years ago.

By: ARDELL

ARDELL — Sat, 21 Jun 2008 05:06:35 +0000

Have fun tj! Does this mean I have the summer off from Suday Night Stats?

By: ARDELL

ARDELL — Sat, 21 Jun 2008 05:05:23 +0000

Was that a goodbye for the whole summer from tj? He must be a teacher. Who else can take a vacation with his family for the whole summer?

By: Leanne

Leanne — Sat, 21 Jun 2008 02:59:10 +0000

b, where do you get this stat? “Seattle has a solid economy and ok population growth (its basically at the same population it was in the 1960’s” … If it were true, traffic congestion would be much less, even given the fact that most households in the 1960’s only had one car.

TJ, have a wonderful summer! Don’t let withdrawals from the internet interfere with your plans! I’m listening to the birds still chirping, at 7:52 pm, and the sun is out, and it’s true, we live in the most beautiful part of the world! Go enjoy, life is short, and full of wonderful things. I’m jealous .