Washington can be an excellent place to settle, and you are not the only one who thinks so. Evergreen State has about 3.1 million housing units Homemade at the rate of 62.8%, according to the US Census Bureau 2018 American Community Survey.
The median housing price for the state is $ 373,100, compared with the national average price of $ 229,700, although some counties are more expensive than others.
What are the mortgage rates in Washington?
House interest rates Range from 2.5% Service 4% In Washington.
What are today’s mortgage rates?
By locking in a low mortgage rate today, you can save thousands over the life of your loan. Compare your mortgage rate offers with national average trends.
|
Loan type |
Rate of this week |
Last week rate |
| 30-Year Fixed Rate Mortgage | 3.01% | 3.03% |
| 15-Year Fixed Rate Mortgage | 2.58% | 2.56% |
| 30-Year Fixed-Rate Jumbo Mortgage | 3.03% | 3.09% |
| 5/1 ARM | 3.04% | 3.06% |
| 5/1 Jumbo ARM | 2.86% | 2.87% |
* Rates up to October 28, 2020
US News’ Best Washington Mortgage Lender
US News conducted an in-depth review of major direct mortgage lenders. Research was based on program availability and customer satisfaction ratings. Because each consumer has different needs, the top finishers were chosen in several key areas.
Before you apply
- Mortgage Type: ARM, Traditional, FHA, Refinance, USDA and VA
- Minimum FICO Credit Score: 660
- Maximum loan amount: $ 1.5 million
- Better Business Bureau Rating: A +
Lender highlights
- Mortgage Type: ARM, traditional, FHA, first time homebuyer program, home equity lines of credit, refinance, VA
- Minimum FICO Credit Score: 600
- Maximum loan amount: $ 5 million
- Better Business Bureau Rating: A +
Best counter
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Different types of mortgages
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Annual percentage rate or closing cost rebate for qualifying Bank of America and Merrill Lynch clients
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No closing costs and no annual cash balance fees for balance transfers and HELOCs
Before you apply
- Mortgage Type: Traditional, FHA, Jumbo, Refinance, USDA and VA
- Minimum FICO Credit Score: 580
- Maximum loan amount: $ 3 million
- Better Business Bureau Rating: a
Best counter
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Homebuyer offers programs for the first time
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FICO accepts mortgage applicants with credit scores as low as 580
Before you apply
- Mortgage Type Offered: ARM, Traditional, FHA, Jumbo, Refinance and VA
- Minimum FICO Credit Score: 620
- Maximum loan amount: $ 3 million
- Better Business Bureau Rating: A +
Best counter
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Accepts up to 3% down payment
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Receives high marks from Better Business Bureau
Before you apply
- Mortgage Type: ARM, Traditional, FHA, Jumbo, Manufactured Homes, Refinance, Reverse, USDA & VA
- Minimum FICO Credit Score: 600
- Maximum loan amount: Different
- Better Business Bureau Rating: A +
Best counter
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Receives strong customer service rating from Better Business Bureau
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Offers a wide range of mortgage products
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Offers exclusive mortgage programs for first time buyers and manufactured homebuyers
main characteristics:
- Mortgage Type Offered: Traditional, FHA, VA, ARM, Refinance (Conventional), Refinance (FHA), Refinance (VA), Home Equity Loan
- Minimum FICO Credit Score: 500 with conditions
- Maximum debt-to-income ratio: 43% for FHA
- Maximum combined debt-to-value ratio: 90%
- JD Power Satisfaction Rating: Four out of five
Best counter
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The LoanDepot mortgage has a lifetime guarantee, meaning that if you ever decide to refinance an existing LoanDepot loan, the company will waive the lender fee and reimburse the appraisal fee.
main characteristics:
- Loan Type: Traditional, FHA, VA, USDA, ARM, Refinance
- Minimum FICO Score: 600
- Maximum debt-to-value ratio: Not disclosed
- Maximum debt-to-income ratio: 43%
- Total Closing Cost: 2% to 6% of the loan amount
- Equity required: Not disclosed
- JD Power Satisfaction Rating: Not rated
Best counter
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Offers various types of mortgage loans.
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Nationwide offers mortgage loans.
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Helps with closing costs.
Highlight:
- Mortgage Type Offered: ARM, FHA, VA, Refinance (FHA), USDA, Traditional, Refinance (Traditional)
- Minimum FICO Credit Score: 580 (FHA), other loans vary
- Maximum debt-to-income ratio: 60%
- JD Power Satisfaction Rating: Five out of five
Best counter
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The complete loan procedure is available online.
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Wide variety of mortgage products.
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Good customer service rating.
mortgage calculator
Is your dream home within reach? US News’ mortgage calculator will show you how much home you can buy.
What are some Washington homebuyer programs?
The Washington State Housing Finance Commission offers several down payment assistance programs to make the purchase of a home in the state more affordable.
- available to: Qualified Washington Homebuyers First Mortgage Loan with WSHFC Home Advantage
- Income Range: $ 145,000.
- Homebuyers for the first time only? No.
- Payment and closing cost assistance: This second mortgage has a 0% interest rate. Payment occurs when the house is sold, the loan is refinanced or after 30 years. Eligible homebuyers can borrow up to 4% or 5% of the total loan amount using the state’s traditional HFA Preferential or HFA Advantage loan.
- available to: Eligible Washington Homebuyers First Mortgage Loan with WSHFC Home Advantage.
- Income Range: $ 108,600 in King and Snohomish counties and $ 86,300 in all other counties.
- Homebuyers for the first time only? No.
- Payment and closing cost assistance: This second mortgage up to $ 10,000 has a 1% interest rate. Payment occurs when the house is sold, the loan is refinanced or after 30 years. Eligibility is based on need, but veterans are not required to show evidence of financial need to qualify.
- available to: Qualified Washington homebuyer with a WSHFC opportunity first mortgage loan.
- Income Range: Varies by county.
- First time homebuyers only? No.
- Payment and closing cost assistance: This second mortgage up to $ 10,000 has a 1% interest rate. Payment occurs when the house is sold, the loan is refinanced or after 30 years. Eligibility is based on need, but veterans are not required to show evidence of financial need to qualify.
- available to: Eligible Washington veterans and their dependents with WSHFC Home Advantage or House First Mortgage Loan.
- Income Range: $ 108,600 in King and Snohomish counties and $ 86,300 in all other counties.
- First time homebuyers only? No.
- Payment and closing cost assistance: This second mortgage up to $ 10,000 has a 3% interest rate. Payment occurs when the house is sold, the loan is refinanced or after 30 years.
- available to: Eligible Washington homebuyers with a disability or who have a family member with a living disability and who have a WSHFC Home Advantage or House First Mortgage Loan.
- Income Range: $ 108,600 in King and Snohomish counties and $ 86,300 in all other counties.
- Homebuyers for the first time only? No.
- Payment and closing cost assistance: This second mortgage up to $ 15,000 has a 1% interest rate. Payment occurs when the house is sold, the loan is refinanced or after 30 years.
Advertisement Disclosure: Some of the loan offers on this site are from companies that are advertising clients of US News. Advertising ideas can influence offers that appear on the site, but do not affect any editorial decisions, such as which loan products we write and how to evaluate them. This site does not include all loan companies or all loan offers available in the market.