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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 | 6.959%APR 6.997% | 0 pts$0 | $1,660/moP&I $1,660 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.957%APR 6.728% | 0 pts$0 | $1,639/moP&I $1,522 · MI $117 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.113%APR 6.168% | 0 pts$0 | $1,521/moP&I $1,521 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.983%APR 7.022% | 0 pts$0 | $1,664/moP&I $1,664 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.700% | 0 pts$0 | $1,774/moP&I $1,774 · 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 | 6.113% | 6.168% | 0 pts ($0) | $2,130/mo | $43,052 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.056% | 6.111% | 0 pts ($0) | $2,653/mo | $59,406 |
Condo 10% Down | 10% | 720 credit score | 7.283% | 7.456% | 0 pts ($0) | $1,929/mo | $67,889 |
Conventional 10% Down | 10% | 720 credit score | 6.782% | 6.943% | 0 pts ($0) | $1,835/mo | $63,631 |
Conventional 20% Down | 20% | 740 credit score | 6.959% | 6.997% | 0 pts ($0) | $1,660/mo | $51,508 |
Conventional 5% Down | 5% | 700 credit score | 7.095% | 7.578% | 0 pts ($0) | $1,999/mo | $69,973 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.403% | 7.444% | 0 pts ($0) | $2,169/mo | $74,687 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,854/mo | $62,806 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.833% | 7.212% | 0 pts ($0) | $1,988/mo | $71,782 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.983% | 7.022% | 0 pts ($0) | $2,080/mo | $70,719 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,585/mo | $61,629 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.957% | 6.728% | 0 pts ($0) | $1,836/mo | $64,308 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,898/mo | $66,439 |
FHA Streamline Refi | 0% | 640 credit score | 6.079% | 6.852% | 0 pts ($0) | $1,927/mo | $67,809 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.052% | 7.299% | 0 pts ($0) | $1,990/mo | $72,266 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,960/mo | $38,369 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.700% | 0 pts ($0) | $1,663/mo | $53,008 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,688/mo | $52,762 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,821/mo | $55,848 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.319% | 7.096% | 0 pts ($0) | $1,908/mo | $67,655 |
Second Home 10% Down | 10% | 720 credit score | 6.067% | 6.644% | 0 pts ($0) | $1,702/mo | $57,565 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,648/mo | $50,941 |
VA 0% Down | 0% | 700 credit score | 6.081% | 6.327% | 0 pts ($0) | $1,935/mo | $64,047 |
VA Cash-Out Refi | 0% | 640 credit score | 6.085% | 6.456% | 0 pts ($0) | $1,936/mo | $64,085 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.075% | 6.229% | 0 pts ($0) | $1,934/mo | $63,989 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,724/mo | $54,530 |
Frequently Asked Questions
What are today's mortgage rates in 98859, , WA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 98859, , WA is 6.959% (with an estimated monthly payment of $1,765). Active program rates also include FHA 30-year fixed loans at 5.957% and VA 0%-down fixed loans at 6.081%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 98859, , 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 98859, , WA have fluctuated between a low of 6.621% and a high of 7.080%. 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 98859, , WA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $313,241 in 98859, , WA, a standard 20%-down Conventional loan requires an upfront cash down payment of $62,648 but keeps your monthly payment lower at $1,765/mo (at 6.959% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,963 (3.5% down) but has an estimated payment of $1,952/mo (at 5.957% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $302,278 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 98859 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 98859 is $806,501. With a typical local home value of $313,241 in , a standard 20%-down mortgage requires a loan size of $250,593. 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 98859, , WA impact estimated mortgage payments?
The median home value in 98859, , WA is estimated at $313,241. Buying a typical home here with a standard 20% down payment ($62,648) translates to an estimated starting monthly mortgage payment of $1,765 (principal and interest). Compared to the local area median household income of $55,688 ($4,641/mo), this basic housing payment represents approximately 38.0% 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.