Seattle, WA Mortgage Rates

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

Your Best Rates Here

$ 2,178
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
$ 2,271
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
$ 2,398
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
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Connect with America’s Lending Experts today!

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.

Current Seattle Mortgage Rates

With a median home value of approximately $888,202 as of January 2022, the city of Seattle has seen significant increases in its real estate market in recent years. Right now could be an excellent time to become a homeowner in the Seattle area.

If you’re planning to obtain financing, and you’re considering the Seattle market, Sammamish Mortgage can be of assistance. We’ve been serving customers in Seattle since 1992, and provide highly competitive mortgage rates for home buyers. If you’re like to learn more, contact Sammamish Mortgage today and we can get you a current mortgage rate quote right away.

Maximize Mortgage Rates in Seattle, Washington

Seattle’s real estate market has grown significantly in recent years. This is because Seattle offers many valuable things to local residents, including dozens of highly desirable neighborhoods. Areas such as Ballard, Crown Hill, Fremont, Queen Anne, Magnolia, and Capitol Hill are widely known as attractive living spots. Seattle also hosts a number of prominent employers, such as Amazon and Google, which draw in talented professionals from all over the country.

The desirability of Seattle has had an unexpected side effect: Seattle’s home prices have gone up and up, and this has made homeownership a bigger hurdle to overcome for many would-be buyers. Obtaining a good interest rate on a Seattle mortgage loan can be essential if you’re planning to buy a home in Seattle. This means you need to maximize the various factors which contribute toward your mortgage interest rate. Knowing what current rates mortgage lenders are offering for home loans can help.

Worried About Your Credit Score?

If you’re not sure what your credit score is, we’ll still provide accurate Seattle, Washington, mortgage rates based on your provided data. We always encourage borrowers who aren’t sure what their credit report contains to request the free copies provided by each credit bureau annually, so you don’t run into surprises.

However, don’t give up hope if your credit isn’t perfect: there are plenty of loan programs available for borrowers with less than perfect credit, even if you have to pay a slightly higher interest percentage rate. You won’t know what offer you could receive unless you check out your rate. We make it easy by giving you a free tool to get an accurate quote without providing personal information, and it only takes a few seconds of your time!

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 lenders 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

Sammamish Mortgage makes use of an innovative software platform that provides you with an instant rate quote. The system does this by comparing multiple lenders and investors from across the US, providing real-time results. All you need to do to get your rate quote is to input a few pieces of information, and within seconds, you’ll receive an accurate breakdown of the interest rates and costs available for you. You won’t have to supply any personal information to obtain this data, either. The mortgage experts at Sammamish Mortgage always work to ensure that the best interests of our clients are always met.

Loan Purpose

The term “loan purpose” is used in the mortgage industry in the US to describe the reason why an applicant is looking to apply for a loan. The lender will use the purpose of the loan to make decisions on the risk level of the borrower. The loan purpose could also affect the interest rate offered by the lender. The most common examples include purchase, rate/term refinance (no cash-out refinance) and cash-out refinance.

Down Payment

The down payment refers to the equity amount that the buyer puts towards the purchase price of a home. For instance, a home being purchased for $500,000 with a $100,000 down payment means the buyer will have 20% equity in the new home. In general a larger down payment results in better rates and closing costs for your loan. Down payments below 20% usually require some form of mortgage insurance which would be an added cost to you. The exception is for VA financing.

Loan Amount

This term refers to the amount that the borrower must pay back to the lender as stipulated in the loan contract. The loan amount is one of the main factors in determining what rate and loan program you’ll be eligible for. For the most common loan programs such as conforming or FHA financing there are loan limits. Anything above those limits results in a borrower being ineligible for that program and subject to different rates and fees. In general VA loans have the best terms followed by conforming loans and select jumbo loans for really qualified borrowers or high net worth clients.

Credit Score

A credit score is a numerical figure that expresses the creditworthiness of a consumer. A higher credit score is better when it comes to taking out a loan, as it reduces the lender’s risk when loaning out funds. A credit score is affected by repayment history, number and age of open accounts, total debt levels, and credit utilization. Credit is a key deciding factor in determining what rates and costs you’re eligible for. High credit scores over 740 will get you the best rates available. Adjustments to the terms available for most loan programs occur in 20 point increments. For example the second best credit score range would be 720-739, then 700-719 and so on.  Once your scores drop below 640 the programs you will qualify for will be severely limited.

Purchase Price

The purchase price refers to the price that a buyer pays for a property.

Property Type

Property type refers to the characteristics and configuration of a dwelling. For instance, detached homes, townhomes, and condos are all examples of different property types. Single Family Home will have the best terms when compared to other property types. Provided you put down more than 25% condos will be second best followed by multi-family 1-4 units. Properties like co-ops and manufactured homes will usually have higher rates and it will be more difficult to find lenders that will accept those property types.


Occupancy refers to the status of the people living in a home. For example, a home may be occupied by the owners, or by tenants who pay the owner rent in exchange for the right to live in the home. Owner Occupied homes will have the best rates followed by second homes (vacation homes that are not rented) and investment properties which include any property that does not fit the classification of a primary residence or second home. This includes rental properties, homes a family member occupies for free or a speculative property that is vacant.

Loan Program

A loan program or loan type refers to the type of loan being taken out to finance the purchase of a property. In the US, common mortgage loan programs include fixed-rate mortgages, variable-rate mortgages, conforming loans, FHA loans, and VA loans. Fixed-rate loans can come with different terms such as a 30 year fixed, 20 year or 15 year fixed. ARM’s or adjustable rate mortgages are usually fixed for a specified period of time and then adjust annually after the initial fixed rate period.

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

Our Reviews

Jacob K
January 24, 2023
Sandra and the team were excellent throughout the process. Knowledgeable and professional, they kept us all on track for a timely close without delays. Thanks!!
Santi K
January 24, 2023
Amazing people to work with! Nick was very responsive to any questions or inquiries that I had. They are a great company to work with and have excellent customer service!
Andrew R
January 18, 2023
You guys were great! Speedy responses to all of my questions, and of course you guys had the best rates available at the time I checked.
John L
January 18, 2023
Overall, great experience with Sammamish Mortgage driven by Sandra and Suzanne. Sandra and Suzanne were a pleasure to work with and made the process painless compared to my two prior home purchases. Quick communication, reasonable requests, customer centric, and handled basically everything for me. Would definitely recommend Sammamish Mortgage.
Andy Reed
January 11, 2023
These guys have been awesome in helping me through the home-buying process! I switched over to Samammish part way through when I realized they had better rates and WAY lower closing costs than the lender I was working with previously. Their online portal for completing all of the necessary paperwork was clean and easy to use, which I very much appreciate, and their staff (Trevor and Stacey) were always quick to respond when I had questions. Trevor proactively reached out near closing to inform me that if we could close a couple of days early, I'd be able to avoid a second credit check, and they made it happen without a hitch. Attention to detail like this throughout really impressed me. I never felt like I was being sold something I didn't need, and always got honest, straight answers. Really couldn't ask for more. I'd highly recommend going with these guys over one of the big banks that assuredly have worse customer service and higher rates. Big thumbs up
Jacki A
January 10, 2023
I had an excellent experience with Sammamish. Not only were the rates and closing costs highly competitive, but also everyone was competent and friendly and helped my transaction close SO quickly. Thank you!
Scott J
January 6, 2023
Nick and Stacey were absolutely great to work with through the entire process. Huge thank you to them for all the help. Will definitely work with Sammamish Mortgage in the future and would not hesitate recommending to friend and family.

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 and CO. 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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