Select your Scenario
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.
See Safe Rate's top scoring lenders for Paterson
We rank active Paterson lenders across our 5 P's of mortgage shopping. No pay to play, independent rankings.
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 | 7.068%APR 7.113% | 0 pts$0 | $1,365/moP&I $1,365 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.107%APR 6.885% | 0 pts$0 | $1,352/moP&I $1,257 · MI $95 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.314%APR 6.380% | 0 pts$0 | $1,263/moP&I $1,263 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.044%APR 7.089% | 0 pts$0 | $1,361/moP&I $1,361 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.754% | 0 pts$0 | $1,442/moP&I $1,442 · MI $0 | See details |
Personalize the rates on this page
Tell us your home budget and credit score to see exact payments and find your best-fit loan program instantly.
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 | 6.314% | 6.380% | 0 pts ($0) | $1,754/mo | $36,189 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.191% | 6.256% | 0 pts ($0) | $2,175/mo | $49,294 |
Condo 10% Down | 10% | 720 credit score | 7.391% | 7.573% | 0 pts ($0) | $1,586/mo | $55,940 |
Conventional 10% Down | 10% | 720 credit score | 6.846% | 7.014% | 0 pts ($0) | $1,501/mo | $52,174 |
Conventional 20% Down | 20% | 740 credit score | 7.068% | 7.113% | 0 pts ($0) | $1,365/mo | $42,545 |
Conventional 5% Down | 5% | 700 credit score | 7.135% | 7.626% | 0 pts ($0) | $1,632/mo | $57,180 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.500% | 7.548% | 0 pts ($0) | $1,781/mo | $61,466 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,507/mo | $51,061 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.791% | 7.173% | 0 pts ($0) | $1,609/mo | $58,046 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.044% | 7.089% | 0 pts ($0) | $1,702/mo | $57,963 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,101/mo | $50,104 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.107% | 6.885% | 0 pts ($0) | $1,516/mo | $53,409 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,543/mo | $54,015 |
FHA Streamline Refi | 0% | 640 credit score | 6.301% | 7.082% | 0 pts ($0) | $1,604/mo | $56,858 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.092% | 7.345% | 0 pts ($0) | $1,625/mo | $59,044 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,593/mo | $31,194 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.754% | 0 pts ($0) | $1,352/mo | $43,095 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,373/mo | $42,895 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,481/mo | $45,404 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.466% | 7.250% | 0 pts ($0) | $1,575/mo | $56,110 |
Second Home 10% Down | 10% | 720 credit score | 6.100% | 6.684% | 0 pts ($0) | $1,389/mo | $47,028 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,340/mo | $41,415 |
VA 0% Down | 0% | 700 credit score | 6.120% | 6.372% | 0 pts ($0) | $1,580/mo | $52,375 |
VA Cash-Out Refi | 0% | 640 credit score | 6.133% | 6.511% | 0 pts ($0) | $1,582/mo | $52,476 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.136% | 6.296% | 0 pts ($0) | $1,582/mo | $52,500 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,401/mo | $44,333 |
Frequently Asked Questions
What are today's mortgage rates in 99345, , WA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 99345, , WA is 7.068% (with an estimated monthly payment of $1,038). Active program rates also include FHA 30-year fixed loans at 6.107% and VA 0%-down fixed loans at 6.120%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 99345, , 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 99345, , WA have fluctuated between a low of 6.941% and a high of 7.194%. 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 99345, , WA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $254,664 in 99345, , WA, a standard 20%-down Conventional loan requires an upfront cash down payment of $50,933 but keeps your monthly payment lower at $1,038/mo (at 7.068% interest) with no monthly PMI. In comparison, an FHA loan requires only $8,913 (3.5% down) but has an estimated payment of $1,154/mo (at 6.107% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $245,751 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 99345 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 99345 is $806,501. With a typical local home value of $254,664 in , a standard 20%-down mortgage requires a loan size of $203,731. 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 99345, , WA impact estimated mortgage payments?
The median home value in 99345, , WA is estimated at $254,664. Buying a typical home here with a standard 20% down payment ($50,933) translates to an estimated starting monthly mortgage payment of $1,038 (principal and interest). Compared to the local area median household income of $73,864 ($6,155/mo), this basic housing payment represents approximately 16.9% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.