Bellingham WA Home Loan Rates and Tips

The jumbo loan rates took a nice tumble this last week – down by over half a percentage point.  A jumbo loan in Bellingham & Whatcom County is for an amount greater than $417,000.  Everything else remained stable – still excellent rates!

A financing tip from Sidney: 

            Define your budget and get yourself approved for a loan before you find a house you want to buy.  This will take very little time and will allow you to identify your price range so that you can be comfortable with your monthly payment.  It is important to factor in all your debts (and let your lender know them) when getting a pre-approval.  Debts are not just credit cards, auto loans & student loans – they may also include alimony, child support or any other regularly scheduled payments.

Home loan rates as of Wednesday, March 17 are in the following table.  For more details, or a custom quote, contact SidneyStonecypher at People’s Bank, 360-676-4597 or sidney.stonecypher@peoplesbank-wa.com.  Remember that many variables come into play in determining the rate a lender will give a borrower.  If you are getting a rate quote from a lender who does not have all your information, that rate may not be real.  What with the low rates and the tax credits, it is a great time to buy a house!

 If you have other questions about financing, don’t hesitate to contact us and we will get you the answer.  If you are wondering, other people probably are as well.  For general financing and market information, check out our website.

For more information on Bellingham Real Estate or to search for homes in the Bellingham and Whatcom County area visit www.JohnsonTeamRealEstate.com, your one stop Bellingham real estate and community information resource!