Information for Single-Family Lending and Real Estate Professionals

Program Announcement

May 16, 2014
Lower Income and Acquisition Limits for Some Counties

Per IRS guidelines, effective immediately Acquisition Limits have been lowered in Island, Jefferson, and Whatcom Counties.

Effective immediately Income Limits have been lowered in Island, Kitsap, and Thurston Counties.

The Commission will honor all loans currently reserved in the Mitas system with the higher Acquisition and Income Limits.

Here are the links to the new limits for House Key and MCC:

wshfc.org/buyers/key.htm

Manual updates have been posted: wshfc.org/sf/downloads.html

House Key Manual (Section 3, page 3.4; Section 4, page 4.5)

MCC Manual (MCC 2.1-2)

Home Advantage manual (Section 2, page 2.1) - Special feature codes have been updated.

Please contact Lisa DeBrock at lisa.debrock@wshfc.org or 206-287-4461 with additional questions.