* $800,000 | 30-Yr-fixed | Credit Score 800+ | 25% Down Payment
Owning a home in Tacoma, WA, is a significant life event, and we’re here to make the process as seamless as possible. At Sammamish Mortgage, we’ve been helping Tacoma residents realize their homeownership goals for over three decades. From the vibrant arts scene to the picturesque waterfront, we understand the unique charm of Tacoma and are committed to guiding you through every aspect of the mortgage process.
Understanding the current mortgage rates is essential when navigating Tacoma’s diverse real estate market. These rates can be influenced by multiple factors, including:
To lock in the mortgage rate in Tacoma, it’s crucial to work with a lender that values transparency and personalized service. Our Mortgage Advisors average over 15 years of experience, ensuring you receive advice tailored to your unique financial needs.
Tacoma offers a wide array of housing options, from historic Victorian homes to modern condos near the city center. Whether you’re a first-time homebuyer or looking to invest, Tacoma has something for everyone.
Tacoma’s multifaceted community requires a variety of loan programs to meet its unique needs. Whether you’re a first-time buyer, interested in refinancing, or exploring investment properties, we have a mortgage solution designed just for you.
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.
There are many different types of real estate loans available for Tacoma borrowers.
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 are designed for veterans, service members, and surviving military spouses. Qualifying borrowers can get a home loan with no down payment.
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 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.
Historically, average mortgage rates in Washington State have tended to be slightly lower compared to the national average figures.
Mortgage rates fluctuate frequently, often changing daily and sometimes multiple times within a single business day.
Federal Reserve policies, though indirect, influence overall Treasury yields, which mortgage rates often follow closely.
A higher credit score demonstrates lower risk to the lender, generally qualifying the borrower for a better interest rate.
Mortgages for investment or secondary properties typically carry a slightly higher interest rate than those for a primary residence.
Yes, a rate lock guarantees the quoted interest rate for a specific period while the loan moves toward closing.
A jumbo loan is financing for an amount that exceeds the official conforming loan limit for Pierce County.
A lower DTI ratio indicates a better ability to manage monthly payments, making the borrower eligible for lower rates.
The interest rate is the cost of borrowing, while the APR (Annual Percentage Rate) includes additional fees and closing costs.
ARMs usually start with a lower introductory rate compared to fixed-rate mortgages, which later adjusts based on market conditions.
Choosing the right lending company can secure massive savings. Look for a full-service lending company, like Sammamish Mortgage, staffed with seasoned, professional advisors. The goal is to obtain expert guidance on selecting the perfect loan program for your situation, not merely to be pushed toward the highest possible borrowing amount.
Whether you’re buying a home or ready to refinance, our professionals can help.
{hours_open} - {hours_closed} Pacific
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.
