Moses Lake

Compare Current Moses Lake, Washington Mortgage Rates

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.

Moses Lake, WA Mortgage Rates as of June 22, 2024
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Moses Lake, WA Mortgage Rates

June 22, 2024

Current mortgage rates in Moses Lake, WA are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

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

How Affordable is Housing in Moses Lake, Washington?

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 $304,642

Based on current mortgage rates and a 10% down payment, you need to make $63,553 per year to buy the median priced home in Moses Lake

With this income, you could qualify for a $274,178 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 $1,472

The median household income for Moses Lake, WA (Grant County) is $63,135

Based on this income, you can afford a home valued at approximately $302,640

The home price you can afford to buy based on household income in Moses Lake is 99% of the median home value which means housing prices are expensive. Moses Lake (Grant County) ranks 13 out of 39 counties in Washington and 2,814 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 expensive


Loan Limits for Moses Lake, Washington

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

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Moses Lake, WA

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Moses Lake, WA

1 unit: $726,200

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