{"id":83549,"date":"2023-05-15T14:15:36","date_gmt":"2023-05-15T21:15:36","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/?p=83549"},"modified":"2024-01-24T11:26:08","modified_gmt":"2024-01-24T19:26:08","slug":"what-is-a-jumbo-loan-in-washington","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/","title":{"rendered":"What is a Jumbo Loan in Washington in 2024?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">For many individuals and families, owning a home is a lifelong dream. However, with rising real estate prices, some may find themselves seeking financing beyond the conforming loan limit. In this instance, you&#8217;d need to apply for a <\/span><a href=\"https:\/\/www.redfin.com\/guides\/what-is-a-jumbo-loan\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">jumbo loan<\/span><\/a><span style=\"font-weight: 400;\">. Whether your sights are set on a <a href=\"https:\/\/www.redfin.com\/city\/16163\/WA\/Seattle\/filter\/property-type=condo\" data-wpel-link=\"exclude\">condo in Seattle<\/a> or a charming <a href=\"https:\/\/www.redfin.com\/city\/9148\/WA\/Kirkland\" data-wpel-link=\"exclude\">home in Kirkland<\/a>, join us as we delve into the intricacies of jumbo loans in Washington in 2024.\u00a0<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-83555\" src=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE.jpg\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE.jpg 1200w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE-300x200.jpg 300w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE-1024x683.jpg 1024w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE-768x512.jpg 768w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE-225x150.jpg 225w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE-945x630.jpg 945w, https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE-450x300.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">What is a jumbo loan?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A jumbo loan in Washington state is a type of mortgage that enables homebuyers to borrow more than the limits set by the Federal Housing Finance Agency (FHFA) for conforming loans. The conforming loan limit (CLL) is the maximum amount of money that a lender will provide to borrowers at a specific interest rate and is established each year. Jumbo loans are necessary for homebuyers who want to purchase a high-value property, such as a luxury home, that exceeds the conforming loan limit.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the home you&#8217;re purchasing will require you to borrow more than the CLL, you&#8217;ll need to apply for a jumbo loan. Because of the larger loan amounts, jumbo loans typically carry stricter requirements and higher interest rates than conforming loans. Lenders may require a higher down payment, a lower debt-to-income ratio, and a stronger credit score to qualify for a jumbo loan in <\/span><a href=\"https:\/\/www.redfin.com\/state\/Washington\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">Washington<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What is the jumbo loan limit in Washington?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In 2024, the conforming loan limit for a single-family home in most U.S. markets is $766,550 However, this limit can be higher in areas where the median home price is significantly above the national average, such as in Seattle. In Washington, the jumbo loan limit varies between counties.<\/span><\/p>\n<ul>\n<li><b>$766,550 is the conforming loan limit in most Washington counties<\/b><\/li>\n<li><b>$977,500 is the maximum limit in Washington\u2019s more expensive counties<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Keep in mind that the loan amount is what determines whether or not you\u2019ll need a jumbo loan, not the price of the home you&#8217;re buying. So, if you were to put $50,000 down on a $750,000 <\/span><a href=\"https:\/\/www.redfin.com\/county\/3076\/WA\/Clark-County\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">home in Clark County<\/span><\/a><span style=\"font-weight: 400;\">, the loan would be $700,000, which is under the CLL for this area. In this case, your loan wouldn\u2019t be considered a jumbo loan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The following counties in Washington have a conforming loan limit <\/span><i><span style=\"font-weight: 400;\">beyond <\/span><\/i><span style=\"font-weight: 400;\">$766,550 for 2024:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>County<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>FHFA Conforming Loan Limit<\/strong><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">King County<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$977,500<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Pierce County<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$977,500<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Snohomish County<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$977,500<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Additional information regarding the conforming loan limits in Washington can be found <\/span><a href=\"https:\/\/www.fhfa.gov\/DataTools\/Tools\/Pages\/Conforming-Loan-Limit-Map.aspx\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What are the requirements for a jumbo loan in Washington?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As previously mentioned, the requirements for a jumbo loan are much more stringent than a conforming loan. The specific requirements may vary from lender to lender, but below are the typical requirements for borrowers seeking a jumbo loan in Washington state.<\/span><\/p>\n<p><b>Higher credit score:<\/b><span style=\"font-weight: 400;\"> When it comes to receiving a jumbo loan, credit score requirements are typically more stringent than for conventional mortgages. While some lenders may accept a lower score, a credit score of at least 720 is generally required to qualify for a jumbo loan. It&#8217;s important to have a strong credit profile and a solid financial history to increase your chances of being approved for a jumbo mortgage.<\/span><\/p>\n<p><b>Larger down payment: <\/b><span style=\"font-weight: 400;\">Jumbo loans are a popular financing option for buyers purchasing high-end, expensive properties. However, compared to conventional loans, jumbo loans typically require a larger <\/span><a href=\"https:\/\/www.redfin.com\/guides\/down-payments-and-home-loans\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">down paymen<\/span><\/a><span style=\"font-weight: 400;\">t. The exact amount required will vary depending on the lender and the borrower&#8217;s finances, but down payment requirements for jumbo loans can be as high as 20%, sometimes 30%. It&#8217;s worth noting that putting down a larger sum upfront can often help borrowers secure a better interest rate on their jumbo loan.<\/span><\/p>\n<p><b>More assets: <\/b><span style=\"font-weight: 400;\">To qualify for a jumbo loan in Washington, lenders require borrowers to demonstrate that they have sufficient liquid assets or savings to cover at least one year of loan payments. The exact amount of assets needed can vary depending on the lender and the size of the loan, but having more assets can increase the chances of approval and potentially lead to better terms and interest rates.<\/span><\/p>\n<p><b>Lower debt-to-income ratio (DTI):<\/b><span style=\"font-weight: 400;\"> Mortgage lenders typically look for a <\/span><a href=\"https:\/\/www.redfin.com\/guides\/buy\/calculate-debt-to-income-ratio\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">debt-to-income (DTI)<\/span><\/a><span style=\"font-weight: 400;\"> ratio of no higher than 43%, and ideally closer to 36%. The DTI is calculated by dividing the sum of all monthly debt payments by the borrower&#8217;s gross monthly income. This requirement ensures that borrowers have a strong ability to repay their loan and manage their debt.<\/span><\/p>\n<p><b>Additional home appraisals:<\/b><span style=\"font-weight: 400;\"> For a jumbo loan, a mortgage lender may require an additional <\/span><a href=\"https:\/\/www.redfin.com\/guides\/home-appraisal-everything-you-need-to-know\" data-wpel-link=\"exclude\"><span style=\"font-weight: 400;\">home appraisal<\/span><\/a><span style=\"font-weight: 400;\"> as a second opinion, especially if the property is located in an area with few comparable sales. This is to ensure that the home is worth the loan amount or more and to mitigate the lender&#8217;s risk. The cost of the appraisal may also be higher in cities with limited\u00a0 property sales.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let\u2019s break down what a jumbo loan is in Washington, the 2024 conforming loan limits, and what\u2019s needed to qualify for this type of loan.<\/p>\n","protected":false},"author":665,"featured_media":83555,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2656],"tags":[34393],"coauthors":[34795],"class_list":["post-83549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-insights","tag-wa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What is a Jumbo Loan in Washington in 2024? | Redfin<\/title>\n<meta name=\"description\" content=\"Let\u2019s break down what a jumbo loan is in Washington, the 2024 conforming loan limits, and what\u2019s needed to qualify for this type of loan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is a Jumbo Loan in Washington in 2024?\" \/>\n<meta property=\"og:description\" content=\"Let\u2019s break down what a jumbo loan is in Washington, the 2024 conforming loan limits, and what\u2019s needed to qualify for this type of loan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin | Real Estate Tips for Home Buying, Selling &amp; More\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-15T21:15:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-24T19:26:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dawn Tinebra | Redfin Real Estate Agent\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dawn Tinebra | Redfin Real Estate Agent\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/what-is-a-jumbo-loan-in-washington\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/what-is-a-jumbo-loan-in-washington\\\/\"},\"author\":{\"name\":\"Dawn Tinebra | Redfin Real Estate Agent\",\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/#\\\/schema\\\/person\\\/9c9f1bb95b868e8351fec399c2286d42\"},\"headline\":\"What is a Jumbo Loan in Washington in 2024?\",\"datePublished\":\"2023-05-15T21:15:36+00:00\",\"dateModified\":\"2024-01-24T19:26:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/what-is-a-jumbo-loan-in-washington\\\/\"},\"wordCount\":808,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/what-is-a-jumbo-loan-in-washington\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/blog\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/33507-143rd-Pl-SE.jpg\",\"keywords\":[\"wa\"],\"articleSection\":[\"Local Insights\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/what-is-a-jumbo-loan-in-washington\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/blog\\\/what-is-a-jumbo-loan-in-washington\\\/\",\"name\":\"What is a Jumbo Loan in Washington in 2024? | Redfin\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/what-is-a-jumbo-loan-in-washington\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/what-is-a-jumbo-loan-in-washington\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/blog\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/33507-143rd-Pl-SE.jpg\",\"datePublished\":\"2023-05-15T21:15:36+00:00\",\"dateModified\":\"2024-01-24T19:26:08+00:00\",\"description\":\"Let\u2019s break down what a jumbo loan is in Washington, the 2024 conforming loan limits, and what\u2019s needed to qualify for this type of loan.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/what-is-a-jumbo-loan-in-washington\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/blog\\\/what-is-a-jumbo-loan-in-washington\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/what-is-a-jumbo-loan-in-washington\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/blog\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/33507-143rd-Pl-SE.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/blog\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/33507-143rd-Pl-SE.jpg\",\"width\":1200,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/what-is-a-jumbo-loan-in-washington\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What is a Jumbo Loan in Washington in 2024?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/blog\\\/\",\"name\":\"Redfin | Real Estate Tips for Home Buying, Selling &amp; More\",\"description\":\"Real estate on Wall Street, Main Street and your street.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/Redfin-logo-512x512-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/Redfin-logo-512x512-1.jpg\",\"width\":512,\"height\":512,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCMIuo1QSGcmWnevT9jdC_Ow\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/blog\\\/#\\\/schema\\\/person\\\/9c9f1bb95b868e8351fec399c2286d42\",\"name\":\"Dawn Tinebra | Redfin Real Estate Agent\",\"description\":\"Serving homebuyers and sellers in the Seattle area, Dawn Tinebra is a top real estate agent at Redfin with the latest market insights and local expertise. With years of experience as a real estate agent in the greater Seattle area, Dawn Tinebra possesses a wealth of knowledge and expertise in the local market.\",\"url\":\"https:\\\/\\\/www.redfin.com/blog\\\/author\\\/dawn-tinebra\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What is a Jumbo Loan in Washington in 2024? | Redfin","description":"Let\u2019s break down what a jumbo loan is in Washington, the 2024 conforming loan limits, and what\u2019s needed to qualify for this type of loan.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/","og_locale":"en_US","og_type":"article","og_title":"What is a Jumbo Loan in Washington in 2024?","og_description":"Let\u2019s break down what a jumbo loan is in Washington, the 2024 conforming loan limits, and what\u2019s needed to qualify for this type of loan.","og_url":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/","og_site_name":"Redfin | Real Estate Tips for Home Buying, Selling &amp; More","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2023-05-15T21:15:36+00:00","article_modified_time":"2024-01-24T19:26:08+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE.jpg","type":"image\/jpeg"}],"author":"Dawn Tinebra | Redfin Real Estate Agent","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Dawn Tinebra | Redfin Real Estate Agent","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/"},"author":{"name":"Dawn Tinebra | Redfin Real Estate Agent","@id":"https:\/\/www.redfin.com\/blog\/#\/schema\/person\/9c9f1bb95b868e8351fec399c2286d42"},"headline":"What is a Jumbo Loan in Washington in 2024?","datePublished":"2023-05-15T21:15:36+00:00","dateModified":"2024-01-24T19:26:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/"},"wordCount":808,"publisher":{"@id":"https:\/\/www.redfin.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE.jpg","keywords":["wa"],"articleSection":["Local Insights"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/blog\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/","url":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/","name":"What is a Jumbo Loan in Washington in 2024? | Redfin","isPartOf":{"@id":"https:\/\/www.redfin.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE.jpg","datePublished":"2023-05-15T21:15:36+00:00","dateModified":"2024-01-24T19:26:08+00:00","description":"Let\u2019s break down what a jumbo loan is in Washington, the 2024 conforming loan limits, and what\u2019s needed to qualify for this type of loan.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/#primaryimage","url":"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE.jpg","contentUrl":"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2023\/05\/33507-143rd-Pl-SE.jpg","width":1200,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/blog\/what-is-a-jumbo-loan-in-washington\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/blog\/"},{"@type":"ListItem","position":2,"name":"What is a Jumbo Loan in Washington in 2024?"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/blog\/#website","url":"https:\/\/www.redfin.com\/blog\/","name":"Redfin | Real Estate Tips for Home Buying, Selling &amp; More","description":"Real estate on Wall Street, Main Street and your street.","publisher":{"@id":"https:\/\/www.redfin.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/blog\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/03\/Redfin-logo-512x512-1.jpg","contentUrl":"https:\/\/www.redfin.com\/blog\/wp-content\/uploads\/2020\/03\/Redfin-logo-512x512-1.jpg","width":512,"height":512,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/www.youtube.com\/channel\/UCMIuo1QSGcmWnevT9jdC_Ow","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/blog\/#\/schema\/person\/9c9f1bb95b868e8351fec399c2286d42","name":"Dawn Tinebra | Redfin Real Estate Agent","description":"Serving homebuyers and sellers in the Seattle area, Dawn Tinebra is a top real estate agent at Redfin with the latest market insights and local expertise. With years of experience as a real estate agent in the greater Seattle area, Dawn Tinebra possesses a wealth of knowledge and expertise in the local market.","url":"https:\/\/www.redfin.com\/blog\/author\/dawn-tinebra\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/blog\/wp-json\/wp\/v2\/posts\/83549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/blog\/wp-json\/wp\/v2\/users\/665"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/blog\/wp-json\/wp\/v2\/comments?post=83549"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/blog\/wp-json\/wp\/v2\/posts\/83549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/blog\/wp-json\/wp\/v2\/media\/83555"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/blog\/wp-json\/wp\/v2\/media?parent=83549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/blog\/wp-json\/wp\/v2\/categories?post=83549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/blog\/wp-json\/wp\/v2\/tags?post=83549"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/blog\/wp-json\/wp\/v2\/coauthors?post=83549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}