Compare mortgage rates and fees for leading lenders in Pasco, 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 Pasco.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Pasco. Plus, shopping lenders is free and there is no obligation.
February 24, 2020
The current average rate for a 30 year fixed rate mortgage in Pasco 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Pasco. Understand how much you need to earn to afford a home in Pasco, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Pasco 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 Pasco is right for you.
The median home value for Pasco, WA (Franklin County) is $260,374
Based on current mortgage rates and a 10% down payment, you need to make $46,861 per year to buy the median priced home in Pasco
With this income, you could qualify for a $234,337 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 Pasco is $1,085
The median household income for Pasco, WA (Franklin County) is $63,569
Based on this income, you can afford a home valued at approximately $353,209
The home price you can afford to buy based on household income in Pasco is 136% of the median home value which means housing prices are average. Pasco (Franklin County) ranks 5 out of 39 counties in Washington and 2,719 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Pasco, WA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Pasco (Franklin County) below.
Conforming loan limits for Pasco, WA
FHA loan limits for Pasco, WA
VA loan limits for Pasco, WA