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Seattle Home Mortgage Rates
Check with Loan Officer for State Specific Pricing
Seattle homeowners are blessed with a beautiful area to live with a history of appreciating real estate. With this in mind, it is important that Seattle residents take advantage of financing opportunities to maximize their home equity. Nationwide offers unique incentives for Washington consumers with fixed rate home refinance loans, equity lines of credit, 2nd mortgage refinancing and debt consolidation loans. Borrowers can qualify to for loans with good or bad credit scores.
Check out the Home loan Incentive Programs offered for home equity loans and second mortgages: Free AVM
New Seattle Loan Limits for FHA, Fannie Mae and Freddie Mac home loans.
MSA Name |
County Name |
State |
One-Family |
Two-Family |
Three-Family |
Four-Family |
SEATTLE-BELLEVUE-EVERETT , WA |
KING |
WA |
$567,500 |
$726,500 |
$878,150 |
$1,091,350 |
SEATTLE-BELLEVUE-EVERETT |
SNOHOMISH |
WA |
$567,500 |
$726,500 |
$878,150 |
$1,091,350 |
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FHA Loans Help Seattle Homeowners Refinance
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Many Seattle borrowers have found it difficult to qualify to traditional refinance loans because lenders have tightened guidelines and property values have dropped. The FHA refinance loans enable borrowers to refinance into a fixed rate mortgage without requiring much equity.
FHA home loans provide competitive 30-year fixed interest rate terms. FHA loans are offered up to 97% rate and term or 95% for refinancing terms with cash back for home improvements.
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FHA loans offer WA low fixed mortgage rates |
By Nick Rian
 A sellers market in Seattle, as climbing home prices, sales and interest rates create a booming market. Home sales in King County have skyrocketed from 2,141 in January to 3,975 in August.
Mike Skahen, the owner/broker of Lake & Co. Real Estate near Greenlake in Seattle says the rising interest rates pushes buyers to act quickly. He says homes priced from $400,000 to $500,000 pulled multiple offers before selling for $80,000 or more over list price.
In fact, the average home selling price in Metro Seattle has steadily climbed from $424,346 in January to $477,059 in August.
Rising home equity loan and purchase interest rates may have some impact on escalating prices, says MLS Director Dick Beeson. (According to Freddie Mac, the rate on a 30-year mortgage for the week ending June 30 was 6.78 percent; twelve months ago it was 5.53 percent.)
Economist Lawrence Yun, predicts Metro Seattle's boom will continue, "albeit a bit slower," he says. "Real estate in the Pacific Northwest is still being pumped up by fleeing Californians," says Yun. Economists expect a "soft landing," for the housing boom, as home sales slow during the next two quarters. Sam Pace, housing specialist for the Seattle-King County Association of Realtors says "When inventory shortages exist, we should not be surprised if the number of pending sales is somewhat lower in the following months."
Additional Washington Home Loan Resources |
| Lock the rate of your variable HELOC and get a fixed payment and term.
Washington 2nd mortgage application volumes have been on the rise in cities like; Seattle, Spokane, Tacoma, Vancouver, Bellevue, Everett, Kent, and Bellingham.
Seattle is one of the Washington cities that show a significant increase in consumers taking out Home equity loans. These second liens are more popular than ever because they give you access to your home's equity at any time. Choose from variable credit lines to fixed rate installment loans. Check the >> Prime Rates for Seattle Home Equity.
Washington Homeownership Assistance - The Office of Housing offers funds up to $45,000 per household in home purchase assistance to eligible home buyers through partnerships with local nonprofits and lending companies. Designated partners of the WA Office of Housing use funds in their programs to accommodate real estate opportunities for Seattle residents. >> 1st Time Home Buyer Assistance at seattle.gov/housing/buying/default.htm |
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