Finance
Washington's conforming loan limit for Fannie Mae/Freddie Mac in high-cost areas like Seattle/King County may be:
AThe same as the national baseline limit
BHigher than the national baseline due to high median home prices in the area✓ Correct
CDetermined by the state legislature
DLower than national limits to control housing costs
Explanation
FHFA sets higher conforming loan limits in high-cost areas like King County (Seattle). Loans up to these higher limits are still eligible for purchase by Fannie Mae/Freddie Mac, providing access to conventional financing in expensive markets.
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