Resources
Congress Reinstate Higher FHA Loan Limits
On October 1, 2011 the increased loan limit for FHA Loans expired reducing the limit in the Seattle area from $567,500 to $506,000 for FHA back loans, potentially affecting upper-end purchases. Last week, FHA got a reprieve from Congress, which reinstated the higher loan limits in 42 states through 2013. For the Seattle/King County area…
Pet Friendly Seattle Condos
If you have pets, be sure to keep them in mind when looking for condos since not every condo will allow pets or may have limitations. We’ve updated our list of pet friendly condos in Seattle.
Building Envelope Study – Should You Be Concerned?
Building envelope studies are a fact of life for condo owners, buyers and homeowner associations in the Seattle area.
HUD Condos for Sale
We normally don’t see HUD condos on the market very often, but there’s a handful currently on the available in Seattle including units at Arbor Place Tower and the Florentine.
Seattle condos sell for 10% less than listed
On average, Seattle condos sell for 10% less than the original list price.
Search for FHA Approved Condos
We’ve enhanced our online home search – you can now search specifically for FHA Approved condos in the Seattle area.
Deadline Ticking for EHLP’s Forgivable Bridge Loan
The deadline for HUD’s Emergency Home Loan Program for at-risk homeowners facing foreclosure is coming up this Friday.
FHA and Conforming Loan Limits Expected to Reduce
The FHA and conforming loan limits are expected to reduce by $61,500 effective October 1, 2011.
Historic Mortgage Interest Rates
Mortgage interest rates are at a year-to-date low, the lowest in 20 years. Plus, Wells Fargo offers a 3% down no mortgage insurance program.
Resale Certificate Fee Cap Increased
The fee cap for condo Resale Certificates in Washington State to increase 83%.
