Today’s Mortgage Rates in Seattle, WA

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

Discover Seattle’s Premier Mortgage Lenders Since 1992

When it comes to finding your dream home in the heart of Seattle, we’re your guiding light. At Sammamish Mortgage, we’ve been assisting the vibrant community of Seattle in achieving their home ownership goals. From the historic Pike Place Market to the stunning views of Mount Rainier, we understand the unique charm of this city and can guide you through every step of the mortgage process.

Current Mortgage Rates in Seattle

Navigating Seattle’s real estate market? It’s essential to be aware that mortgage rates in our beautiful Emerald City can fluctuate based on several factors:

  • Your choice of mortgage lender
  • The prevailing interest rates
  • The size of your down payment
  • Your individual credit standing
  • The specific mortgage product you opt for
  • Ancillary fees and the eventual closing costs

Trusted Seattle Mortgage Professionals

To ensure you secure the most favorable mortgage rate in Seattle, it’s vital to partner with a lender that prioritizes transparency. This approach ensures that our clients receive recommendations tailored to their unique needs, rather than being pushed towards larger loans.

Seattle’s Housing Scene

From modern condos overlooking the Puget Sound to classic craftsman homes nestled in vibrant neighborhoods, Seattle offers a diverse housing landscape.

Diverse Home Loan Programs in Seattle

Seattle’s dynamic housing market offers a variety of loan programs tailored to meet the needs of its diverse community of borrowers. Whether you’re a first-time homebuyer or looking to refinance, we have a solution for you.

Seattle 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.

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Seattle Home Loan Programs

There are many different types of real estate loans available for Seattle 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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