Today’s Mortgage Rates in Kent, WA

Get today’s mortgage and refinance rates plus current home buying and refinance advice for Kent, WA residents.
Kent
  • Interest Rate
    %
  • APR
    %

* $800,000 | 30-Yr-fixed | Credit Score 800+ | 25% Down Payment

Start Your Homeownership Journey in Kent

Finding your ideal home in Kent, WA, is a momentous occasion, and we’re here to assist you every step of the way. At Sammamish Mortgage, we have been committed to helping the people of Kent navigate their path to homeownership for over three decades. From the bustling Kent Station to the peaceful lakeside communities, we understand the unique allure of Kent and are ready to guide you through your mortgage journey.

Current Mortgage Rates in Kent

In Kent’s dynamic real estate environment, staying updated on current mortgage rates is vital. These rates can fluctuate due to various factors, including:

  • Your choice of mortgage lender
  • Prevailing economic conditions and interest rates
  • The size of your down payment
  • Your creditworthiness
  • The mortgage product you select
  • Additional fees and closing costs

Reliable Mortgage Advisors in Kent

To secure an optimal mortgage rate in Kent, it’s essential to collaborate with a lender that values transparency and personalized service. Our Mortgage Advisors average over 15 years of experience and are committed to providing you with tailored advice to meet your specific financial needs.

Kent’s Housing Landscape

Kent offers a broad spectrum of housing options to suit its diverse population. From contemporary townhomes near shopping centers to cozy single-family homes in suburban settings, Kent has a home for everyone.

Customized Loan Programs in Kent

Kent’s varied real estate market calls for a selection of loan programs that can meet the needs of different buyers. Whether you are a first-time homebuyer, looking to refinance, or interested in investment properties, we offer tailored mortgage solutions to fit your needs.

Kent Mortgage Lenders

To get a great mortgage rate, look for a lender who is transparent about their fees. This helps home buyers get the most effective loans for their specific situations, not the biggest loans.

locationHouse4

Kent Home Loan Programs

There are many different types of real estate loans available for Kent borrowers.

30-year fixed-rate loans

A 30-year fixed-rate loan is one of the most popular types of mortgages, since it lets you spread out the cost of buying a home in Washington for a reasonable monthly mortgage payment.

VA loans

VA loans are designed for veterans, service members, and surviving military spouses. Qualifying borrowers can get a home loan with no down payment.

FHA loans

FHA loans are designed for low-income or first-time home buyers who may not have perfect credit or a big down payment. You can achieve home ownership sooner than you think.

Jumbo loans

Jumbo loans can help qualify you to buy a home in a more expensive part of the country, even if the price of the home is higher than conventional loan limits.

License: NMLS: CL-118653
View Live Rates in Kent

Live mortgage rates and costs in seconds!

View Live Rates

FAQs

What types of mortgages are available in Washington State?

Washington residents can access various mortgage types, including conventional loans, FHA loans, VA loans, and jumbo loans.

How do I qualify for a mortgage in Washington State?

Qualifying typically requires a good credit score, stable income, a low debt-to-income ratio, and a sufficient down payment.

How does the VA loan benefit Washington veterans?

VA loans offer Washington veterans competitive interest rates, no down payment, and no private mortgage insurance (PMI).

What are the closing costs for a mortgage in Washington?

Closing costs generally range from 2% to 5% of the purchase price and include fees for appraisal, title, and lender services.

How does credit score affect mortgage approval in Washington?

Higher credit scores improve approval chances and can secure better interest rates. Most mortgage lenders in Washington prefer scores above 620.

What is the process for applying for a mortgage in Washington?

The process includes pre-approval, house shopping, loan application, processing, underwriting, and closing.

Can I refinance my mortgage in Washington State?

Yes, homeowners can refinance to lower interest rates, change loan terms, or access equity through various refinancing options.

What is a jumbo mortgage, and is it available in Washington?

Jumbo mortgages exceed conforming loan limits and are available in Washington for higher-priced homes.

What not to do when applying for a mortgage?

Avoid making large new purchases, opening new credit accounts, or changing jobs during the mortgage approval process.

What credit score do you need to buy a house in Washington?

Most lenders require a minimum credit score of 620 for conventional loans in Washington, but higher scores improve approval odds and rates.

Who are the big 6 mortgage lenders?

The “Big 6” mortgage lenders in the US are United Wholesale Mortgage, Rocket Mortgage, CrossCountry Mortgage, Bank of America, Navy Federal Credit Union, and Loan Depot. That said, working with a local lender, like Sammamish Mortgage, comes with distinct benefits, like personalized service, faster communication, and deep knowledge of your area’s housing market to help you secure the best loan for your needs.

Is it better to get a mortgage through a bank or a lender?

It depends, though mortgage lenders may provide more competitive rates and faster processes compared to banks.

Who is the easiest lender to get a mortgage with?

Typically, lenders with flexible qualification criteria and personalized service make it easier to secure a mortgage. Sammamish Mortgage will work with you and your circumstances to help you get the mortgage you need to finance a home purchase.

Who is the best mortgage lender to go through?

The best mortgage lender varies by individual needs, but reputable options include Sammamish Mortgage, which boasts strong customer reviews.

Connect with a Mortgage Advisor Today!

Whether you’re buying a home or ready to refinance, our professionals can help.

Compare Mortgage Rates in Your Area Instantly

No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.

Subscribe to our newsletter