Mortgage - Washington

As of , the Washington mortgage market is characterized by stabilizing interest rates and a move toward a more balanced "buyer's market". While affordability challenges persist, various state-backed programs continue to provide paths to homeownership through down payment assistance and competitive loan structures. Current Mortgage Rates in Washington

The offers several programs to help with closing costs and down payments: Current Washington Mortgage & Refinance Rates - Bankrate mortgage washington

: Ideal for those with credit scores as low as 580, requiring a 3.5% down payment. As of , the Washington mortgage market is

Borrowers in Washington can choose from several loan types based on their financial profile: Borrowers in Washington can choose from several loan

: Effective April 1, 2026, low-income borrowers in rural areas may qualify for a 5.00% fixed interest rate, potentially as low as 1% with payment assistance. Down Payment Assistance (DPA) Programs

Rates have remained relatively steady recently, showing a slight decrease from previous peaks. : 6.28% APR. 15-Year Fixed-Rate Mortgage : 5.49% APR. 5-Year Adjustable-Rate Mortgage (ARM) : 6.38% APR. FHA 30-Year Fixed : 5.99% (6.72% APR). VA 30-Year Fixed : 5.80% (5.80% APR). Washington State Mortgage Options