Part of the The American Recovery and Reinvestment Act of 2009 includes bringing back the higher 2008 loan limits to certain areas. Locally this means we may see high balance loan limits increase from $506,000 for single family dwellings in King, Snohomish and Pierce counties back to $567,500. Fannie Mae, Freddie Mac and FHA will move forward and lenders will immediately follow.
Stay tuned.