County data
Mortgage costs in Skagit County, Washington
These are loans that already closed in Skagit County in 2025, reported to the government by the lenders themselves. They are not offers and not a forecast of your rate. They tell you what normal looked like here.
What 958 borrowers here actually got
Note rate, 30-year fixed purchase loans. HMDA does not publish APR, so no APR is shown.
Total loan costs. Of that, $3,717 was the lender's own origination charge.
More than half of buyers here bought their rate down. Those who did paid a median $3,746.
Half of the buyers here paid more than $6,748 to close and half paid less. That is the number to hold your own Loan Estimate against. Check your Loan Estimate.
Who got turned down, and why
Lenders reported 1,109 applications in Skagit County in 2025. 102 were denied, a rate of 9.2%.
Top reasons given
- Debt-to-income ratio37.3%
- Collateral17.6%
- Credit history13.7%
A denial can list more than one reason, so these do not add to 100 percent.
Denial rate by debt-to-income
| Your DTI | Applications | Denied |
|---|---|---|
| <36% | 305 | 8.9% |
| 36%-43% | 268 | 2.6% |
| 43%-50% | 407 | 4.2% |
| 50%+ | 53 | 66.0% |
Applicants at 50%+ debt-to-income were turned down 66.0% of the time here, against 2.6% at 36%-43%. Debt-to-income is the line most people cross without knowing it. Work out your payment first.
How much you can borrow here
Every loan type sets its own ceiling, and they are not the same number. This is the one people get wrong most often.
Borrow more than this on a single-family home and the loan is a jumbo, priced on its own rules and not backed by Fannie Mae or Freddie Mac.
Two unit: $1,066,250. Skagit County uses the $832,750 national baseline.
FHA stops $211,750 lower than the conforming limit here. A loan between the two cannot be an FHA loan in this county, however small your down payment.
FHA sets its own cap county by county. It is not the conforming number.
Since 2020 the VA has published no county loan limit. A veteran with full entitlement has no cap on what a lender will finance with a VA loan; the lender's own underwriting is the limit.
Without full entitlement, the $832,750 conforming figure applies. The VA is the authority: check your entitlement.
The median loan here was $475,000, which is below the conforming limit and below the FHA cap.
Where these numbers come from
- Closed-loan medians and denials: Home Mortgage Disclosure Act loan-level data, Consumer Financial Protection Bureau, 2025. https://ffiec.cfpb.gov/data-browser/
- Filters: First-lien conventional loans (loan_type 1, lien_status 1) for a home purchase (loan_purpose 1) that were originated (action_taken 1)
- Conforming loan limit: Federal Housing Finance Agency, conforming loan limit values, 2026. https://www.fhfa.gov/data/conforming-loan-limit
- FHA loan limit: US Department of Housing and Urban Development, FHA single family forward mortgage limits (CHUMS), 2026. https://apps.hud.gov/pub/chums/
- VA: no county loan limit has been published since 2020. benefits.va.gov
- Counties with fewer than 100 loans are left out so a handful of loans cannot look like a trend.
lowest.mortgage is not a lender and does not make loans. These are closed loans from 2025, not offers, and not a promise of what you will be quoted. How we make money