What credit score do I need for condo loans in Bellevue, WA?
For condo loans in Bellevue, 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 Bellevue can help you find the best options for your credit profile.
How long does it take to close on condo loans in Bellevue?
In Bellevue, WA, the average closing time for condo 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 condo loans in Bellevue?
With median home prices around $1,250,000 in Bellevue, a typical 20% down payment would be approximately $250,000. However, many condo loans options require as little as 3% down ($37,500), and VA/USDA loans may require 0% down.
What are current condo loans rates in Bellevue, WA?
Current condo loans rates in Bellevue 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 Bellevue, WA?
Yes! Bellevue and WA offer several programs for first-time buyers, including down payment assistance, lower interest rates, and tax credits. As a Bellevue 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 Bellevue property. Your condo loans payment will include these taxes in escrow for convenience.
Is now a good time to buy in Bellevue, WA?
The Bellevue market is currently very_expensive. Current market conditions may present opportunities for buyers in Bellevue. Our local experts can help you navigate the Bellevue real estate market.
What documents do I need for condo loans in Bellevue?
For condo loans in Bellevue, 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.