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Information for Single-Family Lending and Real Estate Professionals
Program Announcement
December 16, 2024
2025 Loan Limit Changes
Dear Lending Partners,
The Commission will adopt 2025 new loan limits in accordance with Fannie Mae, Freddie Mac and FHA agency guidelines to our Home Advantage and Covenant first mortgage programs.
Effective with reservations made on and after 12/18/2024 , the new conforming one-unit loan limit of $806,500 for Fannie Mae HFA Preferred and Freddie Mac HFA Advantage will be implemented on our Home Advantage and Covenant first mortgage programs.
One-unit loan amounts greater than $806,500 and up to $1,037,300 in King, Pierce and Snohomish counties, the high balance add-on fee will apply on our Home Advantage and Covenant Fannie Mae and Gov't first mortgage loans. See our rate sheet for applicable high-balance fee.
For FHA the applicable one and two-unit loan limits are effective with case numbers assigned on and after January 1, 2025. The new loan limits will be implemented to our FHA Home Advantage and Covenant first mortgage programs with reservations made on and after January 2, 2025.
New loan limits of $1,032,650 for two-unit properties (duplexes) and up to $1,327,950 in King, Pierce and Snohomish Counties will be implemented on our Home Advantage and Covenant first mortgage loans. Loan amounts greater than $1,032,650 and up to $1,327,950 in King, Pierce and Snohomish counties, a high balance add-on fee will apply. See our rate sheet for applicable high-balance fee.
Please note: Loan amounts greater than $806,500 (one-unit) or $1,032,650 (two-unit) including high-cost areas, are not permitted with Freddie Mac's HFA Advantage.
Questions: Email Corinna.Obar@wshfc.org.