Compare Bellingham, WA mortgage rates and fees from top lenders. 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 lowest mortgage rates in Bellingham.
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May 23, 2022
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 $519,383
Based on current mortgage rates and a 10% down payment, you need to make $85,099 per year to buy the median priced home in Bellingham
With this income, you could qualify for a $467,445 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 $1,971
The median household income for Bellingham, WA (Whatcom County) is $74,982
Based on this income, you can afford a home valued at approximately $457,639
The home price you can afford to buy based on household income in Bellingham is 88% of the median home value which means housing prices are expensive. Bellingham (Whatcom County) ranks 35 out of 39 counties in Washington and 3,081 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 expensive
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
FHA loan limits for Bellingham, WA
VA loan limits for Bellingham, WA