Seattle Mortgage Broker · Keith Akada
Seattle Mortgage Rates
Every loan type. Current rates. Straight answers from a local broker who has closed $500M+ in King County loans over 25+ years.
Current Rates
See This Week’s Seattle Mortgage Rates
Rates are updated every week by Keith Akada and reflect current market conditions for well-qualified buyers in King County. Click below for full rate details, APR disclosures, and loan assumptions.
Loan Programs
Choose Your Loan Type
Every buyer’s situation is different. Here’s how the major loan programs compare for Seattle and King County homebuyers.
Seattle Mortgage Rates
Current 30-year fixed, high balance, jumbo, 15-year, FHA, and VA rates — all in one place, updated weekly.
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FHA Loans Seattle
Low down payment, flexible credit requirements. Ideal for first-time Seattle buyers with 580+ credit scores.
FHA loan details →
VA Loans Seattle
Zero down payment, no PMI, competitive rates for eligible veterans and active-duty service members.
VA loan details →
Jumbo Loans Seattle
For loan amounts above $1,063,750. Common in Seattle’s luxury market — Laurelhurst, Madison Park, Bellevue.
Jumbo loan details →
First-Time Buyer Guide
Everything Seattle first-time buyers need to know — loan programs, down payment help, pre-approval, and more.
First-time buyer guide →
Not sure which loan fits?
Talk to Keith directly. A 15-minute call is all it takes to know exactly which loan program makes sense for your situation.
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Seattle Mortgage Guide
Choosing the Right Mortgage in Seattle
Why Loan Type Matters More in Seattle
Seattle’s high home prices mean loan type decisions carry more weight here than in most markets. With a median home value near $860,000 in King County, many buyers are automatically pushed into high balance or jumbo loan territory — even with a solid down payment. Understanding which loan program fits your purchase price, credit score, and down payment can save you tens of thousands of dollars over the life of your loan.
King County Loan Limits — What You Need to Know
King County has elevated conforming loan limits compared to the national baseline. Here’s how the tiers break down:
- Conforming (up to $832,750): Standard conventional loan underwriting, lowest rates for strong-credit buyers
- High Balance ($832,751–$1,063,750): Still Fannie/Freddie backed, slightly higher rates, as little as 5% down
- Jumbo (above $1,063,750): Portfolio lending, stricter underwriting, typically 20% down required
First-Time Buyers in Seattle
First-time buyers in Seattle face a challenging market — high prices, competitive offers, and a wide range of loan options that can feel overwhelming. FHA loans offer the lowest barrier to entry (3.5% down, 580+ credit), while conventional loans with 3% down are available for buyers with stronger credit. Down payment assistance programs through the Washington State Housing Finance Commission (WSHFC) can also bridge the gap for qualified buyers.
Veterans and Active Duty — VA Loans in Seattle
VA loans are one of the strongest mortgage products available anywhere, and Seattle’s high home prices make the benefit even more valuable. A qualified veteran purchasing a $900,000 home with a VA loan saves approximately $180,000 in down payment compared to a conventional loan requiring 20% down — plus no PMI for the life of the loan. If you’ve served, always explore your VA benefit first.
Common Questions
Seattle Mortgage FAQ
The most common questions Seattle homebuyers ask about choosing the right loan and rate.
Not Sure Which Loan Is Right for You?
A 15-minute call with Keith will give you a clear answer. No obligation, no pressure — just honest guidance from a local Seattle broker.
Keith Akada · Seattle Mortgage Broker · NMLS #112443 · Licensed in Washington State