Today’s Mortgage Rates in Pasco, WA

Get today’s mortgage and refinance rates plus current home buying and refinance advice for Pasco, WA residents.
Pasco
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* $800,000 | 30-Yr-fixed | Credit Score 800+ | 25% Down Payment

Make Your Homeownership Dreams a Reality in Pasco

Pasco, WA, is a growing city with a vibrant community and diverse housing market. Whether you’re drawn to its scenic parks, family-friendly neighborhoods, or thriving local economy, Sammamish Mortgage is here to help make your homeownership dreams come true. With over 30 years of experience, we offer personalized mortgage solutions tailored to your unique needs.

Pasco Mortgage Rates

Understanding mortgage rates is crucial in Pasco’s competitive real estate market. Factors influencing your rate include:

  • Your chosen lender
  • Current market trends
  • Down payment amount
  • Credit history and score
  • Type of mortgage
  • Closing costs and additional fees

Expert Mortgage Advisors in Pasco

Our Mortgage Advisors bring over 15 years of experience, offering personalized advice to guide you through the home buying or refinancing process. We prioritize transparency and customer care, ensuring you secure the best mortgage rates and terms for your situation.

Explore Pasco’s Housing Market

Pasco offers a wide variety of housing options, from charming single-family homes to modern townhouses and new developments. Whether you’re a first-time buyer, upgrading, or investing in property, Pasco’s housing market has something for everyone.

Tailored Loan Options for Pasco Residents

We offer a range of mortgage programs designed to fit your needs:

  • 30-Year Fixed-Rate Loans: Spread your payments over time with stable, predictable rates.
  • VA Loans: Exclusive benefits for veterans, active service members, and surviving spouses.
  • FHA Loans: Ideal for first-time buyers or those with lower credit scores.
  • Jumbo Loans: For properties exceeding conventional loan limits.

Pasco 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.

Pasco house

Pasco Home Loan Programs

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

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