The next step is hunting down the best mortgage for that Edmonds home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Edmonds lenders that will compete to provide a loan at the lowest rate, matching you with nearly 6 Edmonds mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.

How much of a Mortgage?

Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Edmonds mortgage payment was $1,476 which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Edmonds home.

Edmonds is a major city in Washington with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: Edmonds Mortgage Incorporated, Central Pacific Mortgage Co, Pyramid Mortgage Inc, Mortgage Broker Associates Inc, Seattle Mortgage Company.Compass Mortgage llc.

Edmonds Mortgage & Real Estate Market

In 2006 Edmonds housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Edmonds was $238,200. This number is big in comparison to the median home value back in 2000 of $238,200. Edmonds has a solid home ownership base with 17,508 houses and apartments and 66% of those are occupied by their owners. Despite the current market, historically Edmonds has been a city where people move, buy and stay - with 53% of homeowners currently paying off a mortgage. About 18% of the city's current homeowners are carrying a second mortgage or home equity loan.

America One Finance, Inc.
7310 Smoke Ranch Rd Ste P Las Vegas, NV	Phone: 702-851-1111 x 107 Ask for: Fitzgerald, MBA, CMPS, CMP Charlie
Special Mortgage Programs
Purchase Money Loans - Rate & Term Refinance Loans - FHA Approved Lender - VA Approved Lender - 100% Financing Loans - Wealth Builder Loan Programs - Reverse Mortgages - College Tuition Loans - Debt Consolidation Loans Expert Residential and Commercial mortgage broker! Call Charlie Fitzgerald at 702-851-1111 x 107 or Apply On-Line Today!
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Housing	Edmonds, WA	United States
Median Home Cost	$435,000	$217,200
Home Appreciation	11.20%	9.80%
Homes Rented	31.26%	21.45%
Homes Owned	65.33%	64.07%

Location	Population	Median Family Income (2005)
Auburn	40,314	$39,208
Bellevue	109,569	$62,338
Bellingham	67,171	$32,530
Edmonds	39,515	$53,522
Everett	91,488	$40,100
Federal Way	83,259	$49,278

Category	Value
Homes With No Mortgage	29%
Second Mortgage Only	8%
Home Equity Loan Only	10%
First Mortgage Only	53%
2nd Mortgage or Home Equity	18%

Mortgage Type	Today	Last Week	Change
30 yr fixed	6.03	6.24	0.035%
15 yr fixed	5.47	5.72	0.046%
5/1 ARM	5.34	5.43	0.017%
3/1 ARM	5.48	5.42	0.011%

Your dream of home ownership, refinancing, or using your homes equity might just be an
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