FHA VS Conventional loan programs in 2025 for Covington, King County, Washington

For 2025, the established Conventional loan limit in Covington, situated in King County, WA, is $977,500. The FHA loan limit for a single-family home is set at $977,500.

The Lendersa® Conventional loan calculator is your tool for comparing the best rates of today's Conventional, FHA, and USDA loans, helping determine the necessary income, credit, reserves, and documents for qualification. With our advanced mortgage tool, you can review side by side the Conforming Conventional loans, USDA, FHA, and VA programs, assisting in choosing the optimal program for your financial needs in WA.

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Loan Limits and Downpayment Requirements for 2025 In Covington, King County, WA

Loan Type Loan Limit Down Payment
Conventional Conforming $977,500 3%
USDA $713,000 0%
FHA $977,500 3.5%

This table applies to these zip codes: 98042

Options for Conventional and FHA Loans in Covington, WA

Lendersa® is dedicated to securing the best possible Conventional, USDA, or FHA loan for you promptly and efficiently. Choose one of three options to connect with matching lenders and programs.

Lendersa's USDA loan request and matching outcomes


  • Sterling Pacific Mortgage and Real Estate Services Inc.
  • 27762 Forbes Road, Suite 12, Laguna Niguel, CA, 92677
  • At Sterling Pacific Mortgage, we are dedicated to providing you the best service available in the industry today. With a clear focus on standards of excellence, we are determined to make your home shopping and purchasing experience a very positive one. Keir Carney is the president and owner of Sterling Pacific Mortgage and Real Estate Services.
  • Purpose Funding Inc.
  • 27651 La Paz Road, Suite 200, Laguna Niguel, CA, 92677
  • Purpose Funding is a premium mortgage brokerage dedicated to providing affordable home loans for customers with various types of credit history. Whether you want a fixed rate mortgage, adjustable rate mortgage, a home equity loan, refinance, purchase, investment or debt consolidation, we have a loan for you with the best & lowest rates available.
  • Hayward Capital, Inc.
  • 28202 Cabot Road, Suite 300, Laguna Niguel, CA, 92677
  • Founded in 1989, Hayward Capital grew from a builder-based mortgage company to a consumer friendly mortgage operation. This family owned and operated company has funded over a billion dollars in loans. Since our clients only deal with principals of the company Hayward Capital is able to offer our clients unbeatable interest rates
  • True Point Lending
  • 28202 Cabot Road, Suite 300, Laguna Niguel, CA, 92677
  • If you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your loan officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice.
  • JDR Mortgage
  • 30025 Alicia Pkwy, Suite 557, Laguna Niguel, CA, 92677
  • Our mission is to serve our customers with honesty, integrity & competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
  • Private Loan Management
  • 30262 Crown Valley Pkwy B884, Laguna Niguel, CA, 92677
  • Private Loan Management started a loan company together in 1999 and it blossomed into something we could never have imagined. With that said, our experience is 2nd to none. With over 1.5 Billion in loan closings and over 5,000 units, we have certainly done our fair share of underwriting and investing.
  • Premier Members Credit Union
  • 5505 Arapahoe Avenue, Boulder, CO, 80303
  • Premier Members Credit Union (PMCU) is a not-for-profit, eco-conscious financial institution dedicated to providing financial solutions to individuals and businesses in Boulder, Co. and the Denver Metro area, all the way down to Pueblo. With more than 70, 000 members, $1 billion in assets, 14 full-service retail branch locations
  • Brenckman Funding LLC
  • 4450 Arapahoe Avenue, Suite 100, Boulder, CO, 80303
  • Brenckman Funding committed to take the mystery out of the loan mortgage and refinancing process. Most competitive mortgage rates available we fully understand your mortgage needs. Allow us to custom tailor a mortgage loan package that makes sense to you, we pride ourselves on great mortgage interest rates.
  • 1st Nations Mortgage
  • 281 Ponderosa Drive, Boulder, CO, 80303
  • We are a full service mortgage company with many Licensed Mortgage Professionals operating in Virginia and Colorado. We are known for our low rates and our easy loan process. Let our experts take you on an easy journey through the process. 1st Nations specializes in easy and simple. We find the best lender offering the lowest rate
  • Aloha Capital
  • 3601 Arapahoe Ave Building D, Unit 178A, Boulder, CO, 80303
  • Aloha Capital offers fast, flexible and reliable financing at competitive rates to help you leverage your experience and take advantage of real estate investment opportunities. No matter if you are focused on Fix & Flips, Buy & Holds (BRRRR strategy), or Turnkey Investments, we understand your business and are here to help you succeed and grow.
  • 1st Liberty Lending
  • 1215 Reserve Drive, Longmont, CO, 80504
  • 1st Liberty Lending, we will find a loan that fits each borrower. Unlike big banks that have "order takers" helping you with your loan, we have highly skilled loan consultants. Our consultants know what it takes to get through underwriting quickly. Also, the big banks have a limited number of lending options available.