Explore the differences! FHA VS Conventional loan programs in Mercer-Island, King County, Washington

In 2026, the Conventional loan limit in Mercer-Island, located in King County, WA, is $891,250, while the FHA limit for a single-family home is $891,250.

Use the Lendersa® Conventional loan calculator to compare today's top rates for Conventional, FHA, and USDA loans, assessing the required income, credit, reserves, and documentation for qualification. Our sophisticated mortgage calculator presents Conforming Conventional, USDA, FHA, and VA loans side-by-side, assisting you in choosing the best program in WA tailored to your financial needs.

Explore loan offers from 100 lenders

2026 Loan Limits and Down Payment Requirements in Mercer-Island, King, WA

Loan Type Loan Limit Down Payment
Conventional Conforming $891,250 3%
USDA $659,800 0%
FHA $891,250 3.5%

This table applies to the following zip codes: 98040

Explore Conventional and FHA Loan Options in Mercer-Island, WA

Lendersa® aims to swiftly provide you with the best Conventional, USDA, or FHA loans available. Start with one of the three options listed to find matching lenders and loan programs.

Results from Lendersa USDA loan requests and matches


Mercer-Island Lenders

  • Lenders Wholesale
  • 929 108th Ave NE Ste. 1030, Bellevue, WA, 98004
  • Lends in Washington

  • How Private Lending Can Get Your Loan Pipeline Growing Again!
    The best part is we are far more than just lenders. We are strategic partners who will show you and teach you exactly how to tap into the fastest growing, most profitable lending segment in real estate today…and over the next 3-5 years or more.

  • Puget Sound Cooperative Credit Union
  • 11201 SE 8th Street, Suite 208, Bellevue, WA, 98004
  • Lends in Washington
  • Originally chartered in 1934 as Puget Sound Power & Light Employees Credit Union; today’s Puget Sound Cooperative Credit Union (PSCCU) is not only a not-for-profit, member-owned financial cooperative, but we have grown to become a proactive contributor to environmental sustainability, financial security for others, and job creation.

  • Military VA Loan
  • 200 112th Ave NE, Suite 310, Bellevue, WA, 98004
  • Lends in Washington
  • MilitaryVALoan.com is an independently owned, non-government site, operated by Full Beaker, Inc. NMLS #1019791. We make the VA home loan process easy. Call 888-977-5113 to get started.government site, operated by Full Beaker, Inc. NMLS #1019791. We make the VA home loan process easy.

  • Legacy Group Capital, LLC
  • 400 112th Avenue North East, Suite 400, Bellevue, WA, 98004
  • Lends in Washington
  • "A Premier private lending company, we build healthy returns through real estate investing and lending opportunities.

    We partner with builders, real estate investors and homeowners to help them achieve their goals in real estate acquisition through a premier lending platform like no other."

  • American Mortgage Inc
  • 989 112th Ave Ne, Suite 201, Bellevue, WA, 98004
  • Lends in Washington
  • American Mortgage, we believe in helping our clients improve their lives. For the last 20 years, we’ve emphasized building relationships with the people we work with. We feel passionately about bringing transparency and integrity to the mortgage industry. From our very first day, we’ve worked to provide a transformative impact in our client’s lives

  • Quintet Mortgage, LLC
  • 330 112th Avenue Northeast, Suite 301, Bellevue, WA, 98004
  • Lends in Washington
  • Quintet Mortgage LLC is a leading real estate financing firm, providing strategic and resource information for customers, builders, and state agencies. Flexible yet comprehensive in our approach, we are known for being timely and thorough. Clients also know we place an emphasis on details and time tables.

  • Xpro Mortgage Inc.
  • 1601 North East 116th Avenue, Suite 114, Bellevue, WA, 98004
  • Lends in Washington
  • Xpro Mortgage Inc. has been in the mortgage/loan business in great Seattle area since 2013. We have helped hundreds of home owners for their new loans and refinances. We are honest, ethical, knowledgeable and very professional. If you have any needs for mortgage, whether it’s a new loan or refinance, don’t hesitate to contact us.

  • Seattle Pacific Mortgage Inc.
  • 11400 Southeast 8th Street, Suite 410, Bellevue, WA, 98004
  • Lends in Washington
  • The Seattle Pacific Mortgage Inc team is committed to providing clients with the highest quality financial services combined with the lowest rates available in your area. The outstanding mortgage professionals here will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.

  • Upwell Mortgage, Inc.
  • 10400 NE 4th Street, Suite 500, Bellevue, WA, 98004
  • Lends in Washington
  • Upwell as a springboard for opportunity - to help homeowners like you achieve their dreams. The lending industry today is split between two extremes, leaving many of homebuyers' needs unmet. A growing number of tech-centric lenders offer efficient processes and low rates, but not reliable, local expertise to guide decision-making.

  • Sammamish Mortgage
  • 3055 112th Avenue NE, Suite 203, Bellevue, WA, 98004
  • Lends in Washington
  • Sammamish Mortgage has consistently provided clients with superior service along with low rates and fees. Whether you are purchasing your first home, buying your dream home or refinancing, our award winning team of mortgage professionals will help get you the best mortgage for your financial situation.