Washington Mortgage Rates

If you’re looking to settle in a place with scenic natural views, an established art culture and a booming economic vista, The Evergreen State easily tops the list.

Home to 7.8 million Americans, the Washington state in the Pacific Northwest lives up to its nickname with a terrain that spans the snow-capped Cascade Mountains and the lush green forests of the Puget Sound islands.

Its cities support active tech hubs and a vibrant arts and music culture. These and a lot more are wonderful reasons to call Washington a home.

Take that first step towards getting the right mortgage.

But what would it be like to get a mortgage in the state?

Getting a mortgage in Washington

If you’re shopping for a home in the state, expect to find expensive homes than most states.

According to Zillow’s Home Value Index, the average valuation of a home in the state of Washington is $342,000. Median state values have increased by 10.9 percent during the course of a year and is projected to increase by 4.4 percent in 2018.

That is pricier than the national home value average of $201,900. The conforming loan limit in most of its counties sits at $424,100.

The state’s Housing Finance Commission offers state homebuyers assistance in procuring properties. You can participate in a Commission-Sponsored Homebuyer Education Seminar or take advantage of their offered home loan programs such as the:

  • Home Advantage Program
  • House Key Opportunity Program
  • Mortgage Credit Certificate; or the
  • EnergySpark Home Loan

There are also existing down payment assistance programs to aid cash-strapped buyers.

Are the rates affordable?

Mortgage rates in Washington may be slightly higher than national averages though your ultimate rate is a combination of personal and market factors.

Feel free to get real-time rates from lenders in Washington at MortgageSum.

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© 2018 Mortgage.Info is not a government agency or a lender. Not affiliated with HUD, FHA, VA, FNMA or GNMA. We work hard to match you with local lenders for the mortgage you inquire about. This is not an offer to lend and we are not affiliated with your current mortgage servicer.