Compare Moses Lake, 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 Moses Lake.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Moses Lake. Plus, shopping lenders is free and there is no obligation.
January 19, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Moses Lake. Understand how much you need to earn to afford a home in Moses Lake, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Moses Lake 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 Moses Lake is right for you.
The median home value for Moses Lake, WA (Grant County) is $262,470
Based on current mortgage rates and a 10% down payment, you need to make $43,005 per year to buy the median priced home in Moses Lake
With this income, you could qualify for a $236,223 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 Moses Lake is $996
The median household income for Moses Lake, WA (Grant County) is $61,606
Based on this income, you can afford a home valued at approximately $376,002
The home price you can afford to buy based on household income in Moses Lake is 143% of the median home value which means housing prices are average. Moses Lake (Grant County) ranks 5 out of 39 counties in Washington and 2,677 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Moses Lake, WA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Moses Lake (Grant County) below.
Conforming loan limits for Moses Lake, WA
FHA loan limits for Moses Lake, WA
VA loan limits for Moses Lake, WA