Home LoansFHA Loans: What You Need to Know in 2021
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2021 FHA Loan Limits in Washington

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The FHA loan limit in Washington has increased up to $356,362 and $776,250 for a single-family home, depending on the county. The lower number applies to less expensive rural areas, while homebuyers in some higher-cost areas near Seattle might be able to qualify for more.

Pierce, King and Snohomish counties are the only areas to have the $776,250 limit, as they are in the Seattle-Tacoma-Bellevue metropolitan area. Although the $356,362 limit applies to most Washington counties, folks in places such as Clark, Island and Kitsap counties may qualify for $400,000 or more.

If you’ve been pondering a move to Washington’s coast, its lush forests or to one of its bustling, hip cities, this may be the perfect time to buy a home or refinance. And thanks to the Federal Housing Administration (FHA), some Washingtonians can qualify for federally backed loans to help get them into a new house. This year, residents will be able to borrow more with an FHA loan in some areas to make their homeownership goals in the Evergreen State a reality.

Washington FHA loan limits by county

FHA Loan Limits in Washington
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Adams $356,362 $456,275 $551,500 $685,400 $171,000
Asotin $356,362 $456,275 $551,500 $685,400 $248,000
Benton $356,362 $456,275 $551,500 $685,400 $306,000
Chelan $371,450 $475,500 $574,800 $714,350 $323,000
Clallam $384,100 $491,700 $594,350 $738,650 $288,000
Clark $517,500 $662,500 $800,800 $995,200 $450,000
Columbia $356,362 $456,275 $551,500 $685,400 $165,000
Cowlitz $356,362 $456,275 $551,500 $685,400 $272,000
Douglas $371,450 $475,500 $574,800 $714,350 $323,000
Ferry $356,362 $456,275 $551,500 $685,400 $115,000
Franklin $356,362 $456,275 $551,500 $685,400 $306,000
Garfield $356,362 $456,275 $551,500 $685,400 $184,000
Grant $356,362 $456,275 $551,500 $685,400 $205,000
Grays Harbor $356,362 $456,275 $551,500 $685,400 $185,000
Island $431,250 $552,050 $667,350 $829,350 $375,000
Jefferson $356,362 $456,275 $551,500 $685,400 $306,000
King $776,250 $993,750 $1,201,200 $1,492,800 $675,000
Kitsap $435,850 $557,950 $674,450 $838,200 $379,000
Kittitas $356,362 $456,275 $551,500 $685,400 $306,000
Klickitat $356,362 $456,275 $551,500 $685,400 $185,000
Lewis $356,362 $456,275 $551,500 $685,400 $235,000
Lincoln $356,362 $456,275 $551,500 $685,400 $203,000
Mason $356,362 $456,275 $551,500 $685,400 $253,000
Okanogan $356,362 $456,275 $551,500 $685,400 $164,000
Pacific $356,362 $456,275 $551,500 $685,400 $151,000
Pend Oreille $356,362 $456,275 $551,500 $685,400 $279,000
Pierce $776,250 $993,750 $1,201,200 $1,492,800 $675,000
San Juan $497,950 $637,450 $770,550 $957,600 $401,000
Skagit $405,950 $519,700 $628,200 $780,650 $353,000
Skamania $517,500 $662,500 $800,800 $995,200 $450,000
Snohomish $776,250 $993,750 $1,201,200 $1,492,800 $675,000
Spokane $356,362 $456,275 $551,500 $685,400 $270,000
Stevens $356,362 $456,275 $551,500 $685,400 $270,000
Thurston $405,950 $519,700 $628,200 $780,650 $353,000
Wahkiakum $356,362 $456,275 $551,500 $685,400 $208,000
Walla Walla $356,362 $456,275 $551,500 $685,400 $270,000
Whatcom $442,750 $566,800 $685,100 $851,450 $385,000
Whitman $356,362 $456,275 $551,500 $685,400 $249,000
Yakima $356,362 $456,275 $551,500 $685,400 $240,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets limits on how expensive a house the FHA will insure in each county in the United States. These limits are set based on the current year’s conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2021, that conforming limit is $548,250, up roughly $38,000 from 2020’s limit of $510,400.

The FHA “floor” is the largest mortgage the agency will issue in most of the country and is 65% of the conforming loan limit. In 2021, the FHA floor is set at $356,362, an increase of about $24,600 above the 2020 limit of $331,760.

The FHA “ceiling” is a higher limit that only applies to high-cost areas. This is set at 150% of the conforming loan limit, or $822,375 for single-family homes. With a few exceptions, this is generally the largest mortgage amount the agency will insure for a single-family home. In many parts of the country, loan limits fall somewhere between the FHA floor and ceiling.

Outside of the lower 48 states, FHA maximum loan limits are higher because of more expensive construction costs. These include the special exception areas of Alaska, Hawaii, Guam and the U.S. Virgin Islands.

Here are the 2021 standard FHA limits for all property types:

  • One-unit: $356,362
  • Two-unit: $456,275
  • Three-unit: $551,500
  • Four-unit: $685,400

Here are the 2021 standard FHA limits for high-cost areas:

  • One-unit: $822,375
  • Two-unit: $1,053,000
  • Three-unit: $1,272,750
  • Four-unit: $1,581,750

Do you qualify for an FHA loan in Washington?

FHA loans are a great deal for qualified buyers, thanks to lower down payments and closing costs. Find out if your credit score and income will help you qualify for one of these loans.

 

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