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Washington Mortgage Lenders and Rates (WA)

In Washington, finding the right mortgage can save you thousands of dollars. Mortgage-Info.us was created for that purpose. If you are looking for Lenders, Mortgage Rates, or Mortgage Brokers - we've have them. When you fill out our mortgage quote form, you'll get offers from 2-4 different lenders that will compete to save you money.

Request a free online Washington Mortgage Quote>>

Featured Mortgage Lenders in Washington

• CitiMortgage
• Eloan
• Countrywide
• Indymac Bank

Washington Mortgage Quick Facts

Washington State Population: 5,894,121*
Median Washington Home Price: $168,300*
Total Washington Housing Units: 2,530,215*
House Ownership Rate in Washington: 64.6%*

Types of Mortgage Loans Available in Washington

• Fixed Rate Mortgage Loan
• Adjustable Rate Mortgage Loan
• Interest Only Mortgage loan
• LIBOR Mortgage Loan
• Cash Out Mortgage Loan
• Refinance Mortgage Loan
• Second Mortgage Loan
• Home Purchase Mortgage Loan
• Reverse Mortgage Loan
• HELOC Mortgage Loan
• Home Equity Loans
• Special Mortgage Loans

How Your Credit Score Affects Your Mortgage Rate

To start with, you need to know what your current credit score is . You should compare that against the average Washington consumer credit score of 690, and the national average credit score of 677. Your credit score impacts what your home mortgage rate will be. Historically home mortgage rates have varied from 5% to over 13%. Lenders create their home mortgage rates by using the Federal Discount Interest Rate and then increase it by using an internal formula to create their own home mortgage rate. When you apply for a home mortgage, your home mortgage rate will be determined by a whole host of factors, but your credit score is definitely an important factor.

Washington Mortgage State Laws:

Only in Washington

In 2002 a Companion Bill was introduced to regulate single premium credit insurance. Also in 2002, a Bill was introduced that establish a committee to study consumer lending issues. In 2003, a Bill regulating mortgage lending practices was introduced. Also in 2003, the “Mortgage Lending Fraud Prosecution Account Act” was created.

Foreclosure

Washington practices judicial and non-judicial foreclosure laws Most foreclosures are non-judicial At least thirty days before setting the sale date, a registered mail letter must be sent to the borrower, describing the circumstances. It must include all foreclosure costs and fees. Non-judicial loans may be reinstated up to eleven days before the sale. If the borrower wishes to reinstate his/her loan after that time, it is up to the lender to decided whether or not to do so.

WA Mortgage Fraud Office
White Collar Crime Supervisor
http://richmond.fbi.gov/
1110 Third Avenue
Seattle, Washington 98101-2904
Phone: (206) 622-0460

Washington Counties:

Adams County, Asotin County, Benton County, Chelan County, Clallam County, Clark County, Columbia County, Cowlitz County, Dougla County, Ferry County, Franklin County, Garfield County, Grant County, Grays Harbor County, Island County, Jefferson County, King County, Kitsap County, Kittitas County, Klickitat County, Lewis County, Lincoln County, Mason County, Okanogan County, Pacific County, Pend Oreille County, Pierce County, San Juan County, Skagit County, Skamania County, Snohomish County, Spokane County, Stevens County, Thurston County, Wahkiakum County, Walla Walla County, Whatcom County, Whitman County, Yakima County

*Source
-US Census

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.