Mortgage Rates in Bellingham, Washington — March 2026
Updated March 2026 | Based on Bellingham market data and regional lending conditions
Bellingham is a growing city in Washington with a population of 95,368. The current 30-year fixed mortgage rate in Bellingham is 6.57%, which is 0.08% below the national average. With a median home price of $585,000 and a 20% down payment of $117,000, homebuyers can expect a monthly principal and interest payment of approximately $2,980.
Current Mortgage Rates in Bellingham, WA
Below are the current average mortgage rates available in the Bellingham area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.57% | 6.65% | -0.08% |
| 15-Year Fixed | 5.81% | 5.89% | -0.08% |
| 5/1 ARM | 6.07% | 6.15% | -0.08% |
| FHA | 6.17% | 6.25% | -0.08% |
| VA | 5.97% | 6.05% | -0.08% |
| Jumbo | 6.77% | 6.85% | -0.08% |
Bellingham Housing Market Overview
The Bellingham housing market is competitive with prices well above the national median. The median household income in Bellingham is $52,250, and the cost of living index is 115.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $147,129 to comfortably afford the median-priced home in Bellingham, which exceeds the current median household income.
Monthly Payment Breakdown for Bellingham
Based on the median home price of $585,000 with 20% down ($117,000), here is what you can expect to pay monthly in Bellingham:
15-Year vs. 30-Year Mortgage in Bellingham
Choosing a 15-year mortgage in Bellingham at 5.81% instead of a 30-year at 6.57% would save you $370,620 in total interest over the life of the loan. However, your monthly payment would be $3,901 instead of $2,980 — an increase of $921 per month.
Calculate Your Bellingham Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Bellingham
What are the current mortgage rates in Bellingham, WA?
As of March 2026, the average 30-year fixed mortgage rate in Bellingham, Washington is 6.57%, while the 15-year fixed rate is 5.81%. FHA loans average 6.17% and VA loans 5.97%. These rates are 0.08% below the national average of 6.65%.
How much is a monthly mortgage payment in Bellingham?
Based on the median home price of $585,000 with 20% down, the estimated monthly mortgage payment in Bellingham is $2,980 for principal and interest. Including property taxes of $453/month, the total monthly housing cost is approximately $3,433.
What income do I need to buy a home in Bellingham?
Using the 28% rule, you would need an annual income of approximately $147,129 to afford the median-priced home in Bellingham at $585,000. The median household income in Bellingham is $52,250. This means most households would need to either earn above the median or consider homes below $585,000.
Is Bellingham a good place to buy a home in 2026?
Bellingham has a moderate cost of living with a cost of living index of 115.5 (national average = 100). The property tax rate in Washington is 0.93%, which is near the national average. Bellingham has a population of 95,368 and offers a balanced lifestyle.
Mortgage Rates in Other Washington Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Bellingham, Washington area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.