Washington Mortgage Guide
Complete Washington mortgage guide with median home prices, property tax rates, denial rates, and down payment assistance programs for 2026.
In Washington, the median home price is $601,978 and median household income is $94,605. The mortgage denial rate for home purchases is 6.76% according to 2025 HMDA data. 2 down payment assistance programs are available, including Home Advantage DPA (3%, 4%, or 5% of first mortgage loan amount at 0% interest; statewide income limit of $215,000; deferred payment loan.).
Washington at a Glance
Median prices based on 2025 FHFA data. Income from 2024 Census ACS. Denial rates from 2025 HMDA data.
Mortgage Calculator for Washington
Estimate your monthly payment with the interactive Washington mortgage calculator. Includes property taxes, mortgage insurance, and down payment assistance programs.
Open Calculator →Mortgage Denial Rates in Washington
In 2025 Home Mortgage Disclosure Act (HMDA) data for home purchases, Washington logged 119,193 final-action applications. The mortgage denial rate was 6.76% and the originated share was 72.13%.
These figures show aggregated market outcomes, not an individual buyer's approval odds. Use these figures as context, not a prediction.
Down Payment Assistance Programs in Washington
Home Advantage DPA
Washington State Housing Finance Commission
3%, 4%, or 5% of first mortgage loan amount at 0% interest; statewide income limit of $215,000; deferred payment loan.
House Key Opportunity DPA
Washington State Housing Finance Commission
Up to $15,000 at 1% simple interest; combines with House Key Opportunity first mortgage for first-time homebuyers.
Washington County Calculators
These calculators use local tax and benefit data for each county.
Denial: 6.19% · Tax: 1.05%
Denial: 6.45% · Tax: 0.85%
Denial: 6.91% · Tax: 1.10%
Denial: 6.51% · Tax: 0.90%
Denial: 6.50% · Tax: 1.10%
Denial: 6.49% · Tax: 1.05%
Washington City Calculators
These calculators include local taxes, closing costs, and assistance programs for each city.
Washington Mortgage FAQ
What is the median home price in Washington?
The median home price in Washington is approximately $602,000 as of 2025, based on FHFA housing price index data.
Does Washington have down payment assistance programs?
Yes. Washington offers Home Advantage DPA (3-5% at 0% deferred), House Key Opportunity DPA (up to $15,000 at 1%), and Covenant Homeownership Program (up to $150,000 for eligible buyers with historical housing discrimination).
What is the mortgage denial rate in Washington?
The statewide mortgage denial rate for home purchases in Washington is 6.76% based on 2025 HMDA data, significantly below the national average.
How do Washington property taxes compare to other states?
Washington has moderate property taxes, averaging around 0.87%, below the national average. Washington has no state income tax, which can offset property tax costs.