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
6.375
6.522
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
99.5
6.625
6.700
Lender Fees:
Discount Points:
0.375%
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
5.625
5.804
Lender Fees:
Discount Points:
0.750%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
99.5
5.750
5.871
Lender Fees:
Discount Points:
0.375%
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
6.000
7.160
Lender Fees:
Discount Points:
0.875%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
99.5
6.375
7.503
Lender Fees:
Discount Points:
0.500%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0

30-Year VA

98.875
6.000
6.326
Lender Fees:
Discount Points:
0.750%
Admin Fee:
$0
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
99.5
6.125
6.429
Lender Fees:
Discount Points:
0.500%
Admin Fee:
$0
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0

30-Year Jumbo

98.875
6.250
6.333
Lender Fees:
Discount Points:
0.625%
Admin Fee:
$1,295
Credit Report:
$0
Processing:
$0
Underwriting:
$0
Doc Prep:
$0
Funding:
$0
Tax Service:
$0
99.5
6.375
6.398
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:
9:16AM Pacific Time on September 29th, 2022

Calculate Your Mortgage Payments

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

Select Loan Purpose

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Enter Loan Details

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How is your Credit?

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What is the property use?

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What type of home?

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Where is the property located?

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Military / Veteran?

Have you or your spouse been in military service?

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Disclosures and Assumptions

30-Year Fixed-Rate Mortgage:

98.875
The payment on a $647,000 30-year Fixed-Rate Loan at 6.375% and 75% loan-to-value (LTV) is $4,036 with 1.125 points due at closing. The Annual Percentage Rate (APR) is 6.522%. 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.
99.5
The payment on a $647,000 30-year Fixed-Rate Loan at 6.625% and 75% loan-to-value (LTV) is $4,143 with 0.375 points due at closing. The Annual Percentage Rate (APR) is 6.700%. 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 $647,000 15-year Fixed-Rate Loan at 5.625% and 75% loan-to-value (LTV) is $5,330 with 0.75 points due at closing. The Annual Percentage Rate (APR) is 5.804%. 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.
99.5
The payment on a $647,000 15-year Fixed-Rate Loan at 5.750% and 75% loan-to-value (LTV) is $5,373 with 0.375 points due at closing. The Annual Percentage Rate (APR) is 5.871%. 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 $420,000, 30-year fixed rate loan at 6.000% and 96.3% loan-to-value (LTV) is $2,858 with 0.875 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 7.160%.
99.5
Rate is fixed. The payment on a $420,000, 30-year fixed rate loan at 6.375% and 96.3% loan-to-value (LTV) is $2,962 with 0.5 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 7.503%.

30-Year Fixed-Rate VA Loan:

98.875
Rate is fixed. The payment on a $625,000, 30-year fixed-rate loan at 6.000% and 100% loan-to-value (LTV) is $3,833 with 0.75 points due at closing. The Annual Percentage Rate (APR) is 6.326%. 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.
99.5
Rate is fixed. The payment on a $625,000, 30-year fixed-rate loan at 6.125% and 100% loan-to-value (LTV) is $3,885 with 0.5 points due at closing. The Annual Percentage Rate (APR) is 6.429%. 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 $1,200,000 30-year Fixed-Rate Loan at 6.250% and 75% loan-to-value (LTV) is $7,389 with 0.625 points due at closing. The Annual Percentage Rate (APR) is 6.333%. 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.
99.5
The payment on a $1,200,000 30-year Fixed-Rate Loan at 6.375% and 75% loan-to-value (LTV) is $7,486 with 0 points due at closing. The Annual Percentage Rate (APR) is 6.398%. 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.