What credit score do I need for va loans in Seattle, WA?
For va loans in Seattle, King County, most lenders typically require a minimum credit score of 620 for conventional loans, 580 for FHA loans, and no minimum for VA loans. However, better rates are available with scores above 740. Our loan officers in Seattle can help you find the best options for your credit profile.
How long does it take to close on va loans in Seattle?
In Seattle, WA, the average closing time for va loans is typically 25-35 days, depending on the loan type and property. We work with local lenders familiar with King County to expedite the process and help you close faster.
What's the average down payment for va loans in Seattle?
With median home prices around $825,000 in Seattle, a typical 20% down payment would be approximately $165,000. However, many va loans options require as little as 3% down ($24,750), and VA/USDA loans may require 0% down.
What are current va loans rates in Seattle, WA?
Current va loans rates in Seattle are averaging around 7.05% APR, though your actual rate depends on credit score, down payment, and loan type. We work with multiple lenders in King County to secure you the most competitive rates available.
Are there first-time home buyer programs in Seattle, WA?
Yes! Seattle and WA offer several programs for first-time buyers, including down payment assistance, lower interest rates, and tax credits. As a Seattle resident, you may qualify for state and county-specific programs. Contact us to learn which programs you're eligible for.
What are property taxes like in King County, WA?
Property tax rates in King County vary by municipality, but we can help you estimate your monthly PITI payment (Principal, Interest, Taxes, Insurance) for any Seattle property. Your va loans payment will include these taxes in escrow for convenience.
Is now a good time to buy in Seattle, WA?
The Seattle market is currently expensive. Current market conditions may present opportunities for buyers in Seattle. Our local experts can help you navigate the Seattle real estate market.
What documents do I need for va loans in Seattle?
For va loans in Seattle, you'll typically need: pay stubs (last 30 days), W-2s (last 2 years), bank statements (last 2 months), tax returns (if self-employed), and ID. King County county may have specific requirements - we'll guide you through the entire documentation process.