Seattle is one of the hottest housing markets in the country and median home values are at a record high. With high demand and very low inventory of available homes for sale, it is a challenging market for buyers. “Jumbo” mortgages used to be reserved for only the most expensive properties but as home prices continue to rise, lenders now consider jumbos to be the norm.

In Seattle, a loan that meets limits set by Fannie Mae and Freddie Mac, is a loan up to $679,950. So any loan greater than $679,950 is considered a jumbo loan. Because jumbo loans are typically held by the financial institution, rather than being sold off to mortgage brokers or to Wall Street, some lenders have more strict standards for qualifying for a jumbo. Credit score and debt-to-income requirements (how much debt you have compared to how much you make) can be stricter as well.  Let us help you determine if you qualify for a jumbo loan.

Verity offers attractive jumbo mortgage options, including a portfolio jumbo 30-year fixed-rate mortgage up to $1,000,000. Find out more and apply now at


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Kira Cox

Hi, I’m Kira. I joined Verity in early 2012 after a seven-year stint as a newspaper reporter. While I never thought my career path would veer off in this direction, I am loving my time at Verity. I recently moved from being a member services representative at the Alderwood Branch to being the marketing coordinator for the credit union.

I’m originally from Texas, but I have lived all over the country and the world, including Boston, Massachusetts, Anchorage, Alaska and Sydney, Australia. But in all my travels, the Pacific Northwest is the only place that has felt like home.

When not at work, I am usually home with playing with my son, husband, dog and three cats. During the rare times I don’t have a to-do list to plow through (and it’s not raining too hard), I can be found digging in the vegetable garden, training for a half-marathon, or grilling in the backyard.

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