WA Mortgage Rates July 2, 2010
Findlocalmortgagerates.com has surveyed Washington mortgage rates with two of the top ten largest banks based in The Evergreen State, Cascade Bank and HomeStreet Bank, as well as two of the top ten largest banks in the U.S., Bank of America and SunTrust Bank, in order to get a snapshot of local mortgage rates.
Buying or refinancing a home is an important decision that requires a certain amount of shopping. By shopping and comparing the largest bank mortgage lenders and local bank mortgage lenders, prospective borrowers can obtain the knowledge to make an informed choice about the home loan that’s right for their needs.
Current mortgage rates in Washington from these four lenders include the following rates, points and APR’s:
Cascade Bank, the seventh largest Washington based bank offers a 30 year fixed rate mortgage with a rate of 4.500% and zero points and a 4.527% APR. The 15 year mortgage rate in Washington from Cascade is currently 4.000% with 0.875 points with a 4.177% APR.
HomeStreet Bank, the sixth largest Washington based bank, offers a 30 year mortgage rate in WA at 4.50% with a 1% origination fee and an APR of 4.657%. The 15 year mortgage from the bank is at 3.875% with a 1% origination fee and an APR of 4.145%.
Bank of America 30 year fixed rate mortgage rate in Washington is 4.625% with 1.0 point and an APR of 4.78%. A 15 year mortgage rate from Bank of America is at 4.125% with 1.0 point and a 4.391% APR.
SunTrust Mortgage rates in Washington include the 30 year fixed rate home loan at 4.625% with 1.125 points and an APR of 4.754% as well as the 15 year loan with a mortgage rate of 4.125% with 1.25 points and a 4.363%.
The interest rates, annual percentage rates and points shown are for illustration purposes and are based on $200,000.00 loan amounts with a 20% or greater down payment for an owner occupied property with a borrower that has an excellent credit history. These WA mortgage rates are subject to change without notice and bank approval is required for all home loans.
Other mortgage loan programs, rates and fees may be available from these WA mortgage lenders. The following contact numbers can be used to reach these banks for more information on their loans products and current mortgage rates:
HomeStreet Bank is based in Seattle and is one of the largest privately owned banks in the Northwest. The bank can be reached at 800-719-8080.
Cascade Bank has 22 bank branch offices throughout Snohomish, King and Skagit Counties and can be reached at 800-326-8787.
Bank of America mortgage information can be obtained at 888-233-4124.
SunTrust Mortgage rate information is available at 800-634-7928.
Washington Mortgage Rates with West Coast Bank
West Coast Bank is a Northwest bank that operates 65 bank branches in Oregon and Washington and offers, among a number of consumer products, home mortgages with competitive mortgage rates in Washington and Oregon.
West Coast Bank is headquartered in Lake Oswego, Oregon. The bank combines a wide array of mortgage loan products with consumer service and local decision making.
Along with mortgage loans, West Coast Bank offers personal and business checking and saving accounts, credit solutions, treasury management, personal loans, credit cards, and certificate of deposit. West Coast Bank offers an array of personal and commercial banking products and services in addition to commercial, residential, construction, and mortgage loans.
When it comes to home financing options presented by West Coast Bank, there are many different alternatives to choose from. The bank’s home loan choices include fixed rate mortgages and adjustable rate mortgages. The mortgage loans come with several different terms and different mortgage rates and point combinations.
Since there are such a variety of loans available and financial decisions involved in either obtaining a home loan for purchasing or refinancing a home, West Coast Bank has a number of loan representatives to answer questions and assist with home lending needs.
Borrowers can call or e-mail one of the mortgage professionals to answer questions or to ask for advice. West Coast Bank also offers easy free pre-qualifications to help borrowers understand the process and allow prospective home buyers to search for a new home knowing that they can afford the mortgage.
Current mortgage rates in Washington offered by West Coast Bank include the following rates and terms:
A 30 year mortgage in Washington has a mortgage rate of 5.125% and 0.875 points with an APR of 5.258%.
A 15 year mortgage in has a mortgage rate in Washington of 4.500% and 0.125 points with an APR of 4.611%.
For an adjustable rate mortgage, West Coast Bank offers a 3/1 ARM with a mortgage rate of 3.875% with 0.500 points and an APR of 3.084%.
The longer fixed period adjustable rate mortgage is the 5/1 ARM. West Coast Bank offers the 5/1 ARM with a mortgage rate of 3.875% with 0.25 points and a 3.211% APR.
The mortgage interest rates in Washington, annual percentage rates (APRs) and points offered by the bank are subject to change without notice. All loans and mortgage rates listed are based on an owner occupied single family property with a loan to value of 75%. All loans are subject to bank approval. Additional terms as well as mortgage rates in Washington are available.
For current mortgage rates and additional home loan information from West Coast Bank a bank representative can be reached at 800-981-7999. The bank offices are open 7-4 Mon-Fri.