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Mortgage Lender Bellingham Washington

Home Loans in Bellingham Washington

Bellingham is a seaside community close to the Canadian border in Whatcom County, Washington State. It is the final major city before the coast of Washington meets the Canadian border. The real estate market in Bellingham is very competitive, with an average median price of $460,000, and it sells within 83 days on the market. 

Mortgage Programs in Bellingham

There are various mortgage options when looking to buy a property in Bellingham. From conventional-conforming to government-insured and guaranteed loans, there is a home loan program for every borrower. Here are some to name a few:

  • Conventional – Conforming Loans

A conventional mortgage is any loan not backed, insured, or guaranteed by the federal government, such as FHA, VA, or USDA home loans. Private lenders, banks, or mortgage companies offer them. Conventional loans can either be conforming or non-conforming.

A conforming loan meets the terms and conditions set forth by the Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac. They adhere to the loan limits the Federal Housing Finance Agency (FHFA) set. A credit score of 620 is required to qualify for a conventional-conforming loan.

A non-conforming loan, on the other hand, is a conventional loan that does not comply with Fannie Mae or Freddie Mac’s criteria, typically because the loan amount exceeds the preset limitations or the borrower or property does not meet other requirements.

  • FHA Home Loan

FHA loans are mortgages insured by the Federal Housing Administration, an arm of the US Department of Housing and Urban Development, commonly known as HUD. The Federal Housing Administration nor HUD directly extends this loan. Instead, they are offered by FHA-approved lenders.

FHA-insured loans are the most lenient home loan program. They require a 580 credit score to qualify for a 3.5% down payment. The money may be a gift from a family member, employer, or charitable institution. 

The maximum loan limit for a single-family unit is $603,750. If you plan to get a duplex, the maximum loan limit increases to $772,900.

  • VA Home Loan

A VA home loan is a mortgage offered by private lenders, banks, or mortgage companies and guaranteed by the US Department of Veterans Affairs. The VA guarantees a portion of the loan, allowing the lender to offer better terms to qualified veterans, active-duty service members, and spouses.

To be eligible for a VA home loan, you must first get a Certificate of Eligibility (COE), which proves to your lender that you have the requisite service history and duty requirements. You may obtain a COE through the VA website, the mail, or through your lender. To secure financing, you must also meet your lender’s credit and income lending standards along with the COE.

  • USDA Home Loan

In Whatcom County, Washington, a USDA home loan is a mortgage program that assists low- and very-low-income applicants in obtaining housing in qualifying rural areas. A minimum credit score of 640, property location and condition, and satisfying household income criteria are all required for eligibility. USDA loans have no predetermined maximum loan limit; local limits are based on the area’s maximum income limit and the applicant’s debt-to-income ratio.

  • Jumbo Loans

Jumbo loans are mortgage loans higher than the conforming loan limits established by the government-sponsored enterprises Fannie Mae and Freddie Mac. Because these loans are more extensive and riskier for lenders, they typically have more challenging qualifying requirements and higher interest rates.

Borrowers must meet standards such as a high credit score of at least 700, a low DTI ratio, adequate cash reserves, and a substantial down payment to qualify for a jumbo loan.

Apply for a Home Loan with Capital Home Mortgage

Capital Home Mortgage is a direct mortgage lender that provides a full suite of mortgage-related services. We have a home loan program suited for your needs if you are in the market for a home in Bellingham.

Call us at (360) 474-5656 to speak with one of our Home Loan Specialists; we look forward to serving you.

Why Bellingham HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Payment

Bellingham Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness
Bellingham Mortgage Programs

Bellingham Home Purchase loans

Looking to Purchase a Bellingham Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
  • Primary, 2nd Home, Investment
  • Low Rates & Fees, No fee Options
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo & Renovation
  • Manufactured, Construction, Reverse

Bellingham Renovation Home Loans

Looking to Rehab a Bellingham Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
  • Remodel, Renovate or Repairs
  • FHA 203K Streamline 
  • FHA Full Documentation Rehab
  • Fannie Mae Homestyle Reno
  • Freddie Mac Home Choice Reno

Bellingham FHA Home loans

Great 1st Time Bellingham Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.
  • Smaller Down Payments
  • Flexible Underwriting Guidelines
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Down Payment Gifts Allowed

Bellingham va Home Loans

100% Financing for Bellingham Vets

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
  • No Mortgage Loan Limits
  • Simple Qualifying
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Manual Underwriting Allowed

Bellingham Conventional Home loans

Flexibility for Bellingham Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
  • Primary, 2nd Home, Investment Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

Bellingham Jumbo Home Loans

Bellingham Non-Confirming Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
  • Primary & 2nd Homes
  • Variety of Mortgage Programs
  • Simple Qualifying for Veterans
  • Investor Specific Guidelines
  • Credit Score Minimums

Bellingham USDA Home loans

100% Rural Bellingham Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.
  • Primary Residences
  • No Down Payment Required
  • New Manufactured Homes Allowed
  • Closing Costs / Repairs Rolled In
  • Geographic and Income Limits Apply

Bellingham Native american Home Loans

Bellingham Hud 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.
  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed
  • Purchase, Refinance, and Renovation

Bellingham Manufactured Home loans

Great Alternative Bellingham Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
  • Existing Purchase or Refinance
  • New Construction
  • One Time Close Land/Home Combo
  • Lock at Contract
  • FHA, VA, USDA, Native American

Bellingham Reverse Mortgage Loans

Your Bellingham Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
  • Primary Residence Only
  • Simple Qualifying – Equity Based
  • No Credit Score Requirements
  • Minimum Age 62
  • Purchase, Refinance, and Cash-Out

Bellingham Non QM Home loans

Making Bellingham Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
  • Purchase, Refinance & Cash-out
  • Primary, Secondary, Investment Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Bellingham One Time Close Home Loans

Build Your Bellingham Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.
  • Primary Residences Only
  • One Time Close
  • Lock Rate at Closing
  • Traditional Final Mortgages
  • No Payments During Construction

Bellingham Refinance Mortgage loans

Bellingham Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.
  • Lower Monthly Payment
  • Shorten Mortgage Term
  • Streamline Options Available
  • Appraisal Waivers Allowed
  • VA IRRRL’s

Bellingham Cashout Mortgage Loans

Bellingham Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.
  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Dream Vacation
  • Higher Education

Bellingham Washington Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

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