Current Mortgage Rates in Bellingham, Washington

Compare mortgage rates and fees for leading lenders in Bellingham, WA. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Bellingham.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Bellingham. Plus, shopping lenders is free and there is no obligation.

Mortgage Rates in Bellingham, WA as of October 1, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Bellingham, WA Mortgage Rates Compare?

October 1, 2020

The current average rate for a 30 year fixed rate mortgage in Bellingham is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Bellingham, WA Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Bellingham, Washington?

Below we provide helpful information on the real estate market, home prices and housing affordability in Bellingham. Understand how much you need to earn to afford a home in Bellingham, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Bellingham fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Bellingham is right for you.

The median home value for Bellingham, WA (Whatcom County) is $437,733

Based on current mortgage rates and a 10% down payment, you need to make $78,781 per year to buy the median priced home in Bellingham

With this income, you could qualify for a $393,960 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Bellingham is $1,824

The median household income for Bellingham, WA (Whatcom County) is $59,502

Based on this income, you can afford a home valued at approximately $330,613

The home price you can afford to buy based on household income in Bellingham is 76% of the median home value which means housing prices are very expensive. Bellingham (Whatcom County) ranks 37 out of 39 counties in Washington and 3,098 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Bellingham, WA is very expensive


Loan Limits for Bellingham, Washington

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bellingham (Whatcom County) below.

Conforming loan limits for Bellingham, WA

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Bellingham, WA

1 unit: $411,700
2 units: $527,050
3 units: $637,050
4 units: $791,750

VA loan limits for Bellingham, WA

1 unit: $510,400

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