Redmond, WA Mortgage Rates

Live mortgage rates and costs in seconds! – No email, Social Security Number or Personal Information is required. Serving home buyers in Redmond, WA since 1992!

Your Best Rates Here

$ 3,992
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
/mo
7.000%
7.253%
2.112
$0
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$ 4,093
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
/mo
7.250%
7.405%
1.127
$0
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$ 4,247
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
/mo
7.625%
7.668%
-0.080
$0
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Whether you’re buying a home or ready to refinance, our professionals can help.

Live Mortgage Rate Quote Tool – Live Rates 24/7 

Over 15 years ago we decided to be one of the first mortgage companies to allow our clients to get rates and costs online with our online rate quote tool. This transparency has helped us build trust with our clients and empowered them to take control of the mortgage process and with guidance from our experienced Mortgage Advisors make informed decisions on what loan structure works best for their specific situation.

Redmond Mortgage Rates

Well-known as the home to the primary campus of Microsoft, the city of Redmond is one of the most attractive areas to live in the Greater Seattle-Bellevue metropolitan complex. The city of Redmond currently has a median home value of around $1,220,034 as of August 2023.

Redmond boasts high-quality neighborhoods, a vibrant town center, low crime, excellent employment opportunities, and a host of other perks. To the south of Redmond, you’ll find one of the city’s most appealing attractions: Lake Sammamish. Residents can take out their boats and enjoy this highly attractive body of water.

The city also has several very attractive parks, such as Grass Lawn Park and Marymoor Park. Redmond is very close to Bellevue, and so those who need to commute to work will have a quick travel time. What’s more, commuting to Seattle from Redmond will also be fairly easy because Redmond is located close to Highway 520.

A few of Redmond’s top-notch neighborhoods include Bear Creek, Campton, Education Hill, Sammamish Valley, Avondale, and English Hill. Anyone of these neighborhoods would be a great place to call home. Learn more about buying a home in Redmond, WA.

Understanding Your Quote and Percentage Rate

Your rate quote is based on a variety of factors (including your credit score, down payment, and purchase price) and delivers the most accurate results possible based on your inputs.

  • Detailed costs breakdown: Click on the “view” tab under “details” to see an itemized list of all estimated costs.
  • Rate & APR: Your rate is the anticipated interest rate. The APR is the total cost of your loan, expressed as an annual percentage rate.
  • Origination charges: Sammamish Mortgage doesn’t charge industry-standard lender fees, so the amount for “origination fee” will typically be zero.
  • Discount points: You can buy “points” by paying an amount for each point equal to 1% of the purchase price, and lower your interest rate by up to a quarter of a percent for each point purchased.
  • Monthly mortgage payment: This includes the principal and interest included in your base monthly payment.
  • Estimated third-party charges: This includes the wide range of fees included in your closing costs.
  • Closing costs: The closing cost total listed includes everything except prepaid items such as property taxes, homeowner’s insurance, and daily interest.
  • Private mortgage insurance premiums: PMI is required on loan to value (LTV) ratios over 80% (except on VA loans). We offer reduced PMI options with as little as 3% down.
  • Rate locks: We can lock your rate from 30 up to 180 days.

Why Sammamish?

One of the big advantages of applying for mortgage rate quotes and preapproval through Sammamish Mortgage is that we charge none of the traditional lender fees added by mortgage brokers.

We also pay our Loan Officers a salary instead of a commission based on the loan amount, so they are motivated to help you find the best home loan, not just sell you the biggest loan.

If you are ready to move forward, you can view rates, obtain a customized quote using our Instant Rate Quote tool, or apply for preapproval directly from our website.

Rates Depend on Multiple Factors

Mortgage rates depend on a wide range of different factors. Just one of these factors is points and closing costs paid at closing. Additional factors that can affect your mortgage rate is credit score, down payment, property type, occupancy, loan program and number of days you are locking your rate. The rate quote tool quotes custom rates and costs based on your specific criteria to give you the most accurate reflection of what your rate will be without submitting a full application.

Understanding which rate and cost option best suites your situation isn’t easy. This is where the mortgage specialists at Sammamish Mortgage come into play. Our specialists are available to answer any questions you have, but they can also counsel you on which loan structure will best fit into your long-term financial plan.

Rate quote isn’t what you expected?

If your instant rate quote isn’t what you expected, we can provide counsel on how to potentially transform your quote into something more acceptable. Sammamish Mortgage is a family-owned mortgage company with over 30 years of experience in the industry. We proudly serve customers in the Pacific Northwest region. We serve WA, ID, OR, CO and CA. If you’re looking to buy a home in one of these states, we can help!

Our Reviews

James F.
October 3, 2023
Trevor Nick and Jana were all great Thanks for getting it done on a compressed timeline. Only reason we got this house was because of you
Isaly D.
September 26, 2023
Very easy, friendly, knowledgeable and communicative. I really enjoyed work with Chris and Jana, they were very thorough and made the process easy. I appreciate that they were very real and I never felt pressured. Everything was laid out so there werent any hidden surprises which I appreciate. Thanks for making it so easy!
Darci E.
September 20, 2023
They were awesome !! Always answered my questions and kept me updated on progress. Both Stacey and Trevor were great!
Sherry B.
September 17, 2023
It was a very stressful time in my life. Sammamish Mortgage made the transition smooth!
Meghan M.
September 12, 2023
Everyone involved was excellent. Chris Lewis and Barb Kite were so professional and went above and beyond to assist us in closing early. Wonderful hard working people.
Juliah H.
September 7, 2023
The experience was exceptional, from beginning to end. All the questions we had were answered promptly and clearly. Working with Ryan Shane made our experience less stressful. I would recommend the mortgage company to my family and friends. Thank you!
Oriana Xin W.
September 7, 2023
Fantastic experience! We found the best rates with Sammamish and the fact that there were no origination fees made this a no-brainer. I only wish I found Sammamish Mortgage sooner!

Sammamish Mortgage Can Help You with a Rate Quote

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We proudly serve customers in the Pacific Northwest region. We serve WA, ID, OR, CO & CA. If you’re looking to buy a home in one of these states, we can help!

  • Sammamish Mortgage No Cost Program
  • Live Real-Time Custom Rates and Costs
  • Low Mortgage Rate Quotes and Fees
  • Detailed Cost Breakdown
  • On Time Closing
  • Transparency In All We Do
  • Unparalleled Reputation
  • Communication Is Key
  • Reduced Monthly PMI
  • Fast Appraisals
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