How does Seattle compare with Washington?
The city's median is above the statewide median by $392,300. The higher price-to-income ratio makes the down payment and monthly debt budget particularly important. The median is 85.7% of the conforming limit. A median-valued purchase fits the FHA base-loan limit at 3.5% down.
When does a Seattle purchase become jumbo?
| Purchase benchmark | Down payment | Loan amount | Jumbo? |
|---|---|---|---|
| $912,100 | 10%: $91,210 | $820,890 | No |
| $912,100 | 20%: $182,420 | $729,680 | No |
| $1,063,750 | 10%: $106,375 | $957,375 | No |
| $1,063,750 | 20%: $212,750 | $851,000 | No |
The loan amount, not the purchase price, determines jumbo status. At 10% down the conforming purchase ceiling is $1,181,944; at 20% down it is $1,329,688. A loan exactly at $1,063,750 is conforming. Jumbo down payments, reserves, PMI and rates are lender-specific; 10% and 20% are scenarios, not promised minimums.
Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.
Is there down payment assistance in Seattle?
- Office of Housing Down Payment Assistance — Up to a maximum of $76,000 per household; assistance (see official terms); city-level. City of Seattle Office of Housing; delivered through HomeSight, Habitat for Humanity Seattle-King County, Homestead Community Land Trust, Parkview Services · Verified October 25, 2026
Jumbo loans in the nearest eligible cities
Home loan options in Seattle
Frequently asked questions
Sources
- U.S. Census Bureau — ACS 2019–2023 5-Year Estimates
- FHFA — 2026 Conforming Loan Limit Values
- HUD — 2026 FHA Forward Mortgage Limits (county file)
- Fannie Mae Selling Guide
- NAIC — Homeowners Insurance Report, Data for 2023 (HO-3 average premium)
- Freddie Mac PMMS
- Office of Housing Down Payment Assistance
Data last updated November 5, 2026.
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Get My MatchesFigures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.