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Summary: Find out the jumbo loan threshold in Seattle, along with current jumbo mortgage rates for Seattle, Washington. You can also compare the costs with or without points.
Are you in the market for a jumbo home loan in Seattle, Washington? If so, our Seattle jumbo mortgage rates table is a great place to begin your research. It shows you the current average interest rates across a variety of loan types, and with different levels of points paid.
Go there now: Seattle jumbo mortgage rates
In short, when you view the current Seattle jumbo mortgage rates on our website, you’ll get more information than you might glean from other sources. We can also give you a personalized rate quote tailored to your particular situation. Please contact our staff to get started.
A “jumbo” mortgage loan is one that exceeds the conforming loan limits established by the Federal Housing Finance Agency (FHFA). These limits represent the maximum mortgage amounts for home loans that can be purchased by Freddie Mac and Fannie Mae, the two government-sponsored enterprises that operate in the secondary market.
Conforming loan limits vary by county because they are based on median home prices. In Seattle, and for all of King County, the 2021 loan limit for a single-family home is $776,250. Anything above this amount would be considered a jumbo mortgage loan in Seattle. (Here are the limits for all counties in Washington.)
As with other types of home loans, jumbo products are available with different terms and rate structures. Our website shows you the current Seattle jumbo mortgage rates for a variety of options, including the popular 30-year fixed home loan, the 15-year fixed, the 5-year adjustable (ARM) loan, and more.
The rates and APRs shown on our Seattle jumbo loan page offer detailed insight into current mortgage pricing. But the rate you receive might vary, based on a variety of factors.
As you can see, there are several variables that can influence your borrowing costs. So the best way to move forward is to get a rate quote tailored to your specific situation.
Sammamish Mortgage is a local mortgage company serving the broader Pacific Northwest region, including Washington state, Idaho, Colorado, and Oregon. We are proud to offer a wide variety of mortgage programs and products with flexible qualification criteria. Please contact us if you have any questions or are ready to apply for a home loan.
Last week’s economic reporting included readings on job openings, inflation, and consumer sentiment. Weekly reports on mortgage rates and jobless claims were also released.
Mortgage rates play a key role in determining how expensive your mortgage will be over the life of the loan. A low interest rate will mean you will be paying less in interest overall, making your mortgage more affordable.…