BIG NEWS for Homebuyers in 2018

If you're looking to buy a home or your FIRST home in 2018, THIS is big news for YOU! Your purchase price just jumped up $80,000 MORE than you originally thought, with only 3%-5% down. 


Wow, big news and a huge relief to these future home buyers looking to buy in 2018. Chris Siegfried of Homestreet Bank and I discuss an OPPORTUNITY for you to get into the door, at a higher purchase price. Here are the details. 


SUMMARY:

Chris, what JUST broke for these future homebuyers?

  • Conventional loan limits are GOING UP in 2018! 

What does this mean for future homebuyers?

  • This is important you're looking to buy a home and putting 3%-5% down.
  • Loan limits are going up:
    • Before you could only borrow: ~$430,000
    • NOW you can borrow ~$470,000!
    • Before you could only borrow: ~$620,000
    • NOW you can borrow ~$700,000
  • This is PARAMOUNT, especially in the Seattle market and what the home prices are doing here.
  • This should open up NEW inventory for YOU as you search.

IN SHORT:

  • You may be able to borrow $40,000-$80,000 MORE than you originally would be able to.

  • Loan limits are going UP in 2018.

  • All with 3%-5% down.

  • This will open up NEW inventory for you future homebuyers!



Are you thinking about starting your home buying journey?

Reach out, we can help you. 


Get in touch!