Eric Engelland

Sr. Loan Officer  |  Truth Seeker |  Northwest Native
Eric Engelland picture in blue

Eric is a lifelong resident of the Pacific Northwest where he’s been serving homebuyers and the real estate community as a professional mortgage banker for the past 25 years. He loves living in Gig Harbor with his wife of 23 years and their three daughters. Eric graduated from the University of Washington with a degree in finance. Outside of work Eric spends his time being active outside, hanging with family and friends, volunteering at his church, reading and writing.

About Upwell Eric says, “Upwell is truly innovative. Our team is pushing the envelope on delivering low rates and using next gen technology to make mortgage quick, simple and inexpensive. No other Pacific Northwest mortgage bank is doing what we’re doing; it’s not even close.”

Email Me
Email Me
See My Rates
See My Rates
Get Started
Get Started
253.377.8606  |  NMLS# 72324 |  State License
5 blue stars depicting customer reviews
Lower Rates
Lower Fees

30-Year Fixed

98.875
3.625
3.759
Lender Fees:
Discount Points:
1.000%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
100
3.875
3.927
Lender Fees:
Lender Credit:
($469)
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
*Income restrictions apply

15-Year Fixed

98.875
3.125
3.363
Lender Fees:
Discount Points:
1.000%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
100
3.500
3.593
Lender Fees:
Discount Points:
0%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
*Income restrictions apply

30-Year FHA

98.875
3.000
4.134
Lender Fees:
Discount Points:
1.125%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
100
3.375
4.414
Lender Fees:
Lender Credit:
($491)
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0

30-Year VA

98.875
3.250
3.523
Lender Fees:
Discount Points:
0.500%
Admin Fee:
$0
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
100
3.500
3.734
Lender Fees:
Lender Credit:
($1534)
Admin Fee:
$0
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0

30-Year Jumbo

98.875
3.500
3.603
Lender Fees:
Discount Points:
1.000%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
100
3.875
3.897
Lender Fees:
Discount Points:
0%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
Rates as of:
6:50AM Pacific Time on November 15th, 2019

Calculate Your Mortgage Payments

See what your mortgage payment could be with today’s rates.

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Disclosures and Assumptions

30-Year Fixed-Rate Mortgage:

98.875
The payment on a $375,000 30-year Fixed-Rate Loan at 3.625% and 75% loan-to-value (LTV) is $1,710 with 1 points due at closing. The Annual Percentage Rate (APR) is 3.759%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
100
The payment on a $375,000 30-year Fixed-Rate Loan at 3.875% and 75% loan-to-value (LTV) is $1,763 with -0.125 points due at closing. The Annual Percentage Rate (APR) is 3.927%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.

15-Year Fixed-Rate Mortgage:

98.875
The payment on a $375,000 15-year Fixed-Rate Loan at 3.125% and 75% loan-to-value (LTV) is $2,612 with 1 points due at closing. The Annual Percentage Rate (APR) is 3.363%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
100
The payment on a $375,000 15-year Fixed-Rate Loan at 3.500% and 75% loan-to-value (LTV) is $2,681 with 0 points due at closing. The Annual Percentage Rate (APR) is 3.593%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.

30-Year FHA Loan:

98.875
Rate is fixed. The payment on a $386,000, 30-year fixed rate loan at 3.000% and 96.5% loan-to-value (LTV) is $1,927 with 1.125 points due at closing. Payment includes a one time upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 0.85% of the base loan amount. For mortgages with a loan-to-value (LTV) ratio of less than or equal to 90%, the monthly MIP will be paid for the first 11 years of the mortgage term, or the end of the mortgage term, whichever comes first. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. The Annual Percentage Rate (APR) is 4.134%.
100
Rate is fixed. The payment on a $386,000, 30-year fixed rate loan at 3.375% and 96.5% loan-to-value (LTV) is $2,007 with -0.125 points due at closing. Payment includes a one time upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 0.85% of the base loan amount. For mortgages with a loan-to-value (LTV) ratio of less than or equal to 90%, the monthly MIP will be paid for the first 11 years of the mortgage term, or the end of the mortgage term, whichever comes first. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. The Annual Percentage Rate (APR) is 4.414%.

30-Year Fixed-Rate VA Loan:

98.875
Rate is fixed. The payment on a $400,000, 30-year fixed-rate loan at 3.250% and 100% loan-to-value (LTV) is $1,781 with 0.5 points due at closing. The Annual Percentage Rate (APR) is 3.523%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.
100
Rate is fixed. The payment on a $400,000, 30-year fixed-rate loan at 3.500% and 100% loan-to-value (LTV) is $1,837 with -0.375 points due at closing. The Annual Percentage Rate (APR) is 3.734%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military.

30-Year Jumbo Fixed-Rate Mortgage:

98.875
The payment on a $1,000,000 30-year Fixed-Rate Loan at 3.500% and 69.9% loan-to-value (LTV) is $4,490 with 1 points due at closing. The Annual Percentage Rate (APR) is 3.603%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
100
The payment on a $1,000,000 30-year Fixed-Rate Loan at 3.875% and 69.9% loan-to-value (LTV) is $4,702 with 0 points due at closing. The Annual Percentage Rate (APR) is 3.897%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.