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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.830%APR 6.864% | 0 pts$0 | $4,591/moP&I $4,591 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.955%APR 6.722% | 0 pts$0 | $4,589/moP&I $4,262 · MI $327 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.873%APR 5.920% | 0 pts$0 | $4,152/moP&I $4,152 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.554%APR 6.587% | 0 pts$0 | $4,462/moP&I $4,462 · MI $0 | See details |
| Investment Property FixedConforming | 7.513%APR 7.551% | 0 pts$0 | $4,915/moP&I $4,915 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 5.873% | 5.920% | 0 pts ($0) | $5,876/mo | $115,728 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.875% | 5.923% | 0 pts ($0) | $7,346/mo | $161,822 |
Condo 10% Down | 10% | 720 credit score | 7.029% | 7.193% | 0 pts ($0) | $5,270/mo | $184,134 |
Conventional 10% Down | 10% | 720 credit score | 6.514% | 6.666% | 0 pts ($0) | $4,999/mo | $171,881 |
Conventional 20% Down | 20% | 740 credit score | 6.830% | 6.864% | 0 pts ($0) | $4,591/mo | $141,563 |
Conventional 5% Down | 5% | 700 credit score | 6.955% | 7.428% | 0 pts ($0) | $5,521/mo | $192,504 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.271% | 7.308% | 0 pts ($0) | $5,999/mo | $205,732 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $5,193/mo | $175,944 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.701% | 7.072% | 0 pts ($0) | $5,493/mo | $197,703 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.554% | 6.587% | 0 pts ($0) | $5,578/mo | $186,771 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $7,241/mo | $172,646 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.955% | 6.722% | 0 pts ($0) | $5,141/mo | $180,099 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $5,316/mo | $186,122 |
FHA Streamline Refi | 0% | 640 credit score | 6.077% | 6.846% | 0 pts ($0) | $5,397/mo | $189,905 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.929% | 7.170% | 0 pts ($0) | $5,506/mo | $199,353 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $5,490/mo | $107,486 |
Investment Property 25% Down | 25% | 740 credit score | 7.513% | 7.551% | 0 pts ($0) | $4,608/mo | $146,271 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $4,730/mo | $147,805 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $5,102/mo | $156,451 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.317% | 7.090% | 0 pts ($0) | $5,343/mo | $189,477 |
Second Home 10% Down | 10% | 720 credit score | 5.968% | 6.539% | 0 pts ($0) | $4,719/mo | $158,913 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $4,616/mo | $142,705 |
VA 0% Down | 0% | 700 credit score | 5.953% | 6.194% | 0 pts ($0) | $5,347/mo | $175,971 |
VA Cash-Out Refi | 0% | 640 credit score | 5.959% | 6.323% | 0 pts ($0) | $5,351/mo | $176,132 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.972% | 6.121% | 0 pts ($0) | $5,358/mo | $176,483 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $4,829/mo | $152,759 |
Frequently Asked Questions
What are today's mortgage rates in 98262, , WA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 98262, , WA is 6.830% (with an estimated monthly payment of $3,265). Active program rates also include FHA 30-year fixed loans at 5.955% and VA 0%-down fixed loans at 5.953%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 98262, , WA?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 98262, , WA have fluctuated between a low of 6.450% and a high of 6.910%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 98262, , WA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $877,507 in 98262, , WA, a standard 20%-down Conventional loan requires an upfront cash down payment of $175,501 but keeps your monthly payment lower at $3,265/mo (at 6.830% interest) with no monthly PMI. In comparison, an FHA loan requires only $30,713 (3.5% down) but has an estimated payment of $3,657/mo (at 5.955% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $846,794 falls comfortably within the local HUD FHA loan limit of $1,009,133 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 98262 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 98262 is $806,501. With a typical local home value of $877,507 in , a standard 20%-down mortgage requires a loan size of $702,006. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 98262, , WA impact estimated mortgage payments?
The median home value in 98262, , WA is estimated at $877,507. Buying a typical home here with a standard 20% down payment ($175,501) translates to an estimated starting monthly mortgage payment of $3,265 (principal and interest). Compared to the local area median household income of $83,000 ($6,917/mo), this basic housing payment represents approximately 47.2% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.