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Bothell Home Loans

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Mortgage Lender Bothell Washington

Home Loans In Bothell Washington

Bothell is a city in King and Snohomish Counties located near the northeast end of Lake Washington. Voted as one of the best places to live in Washington, it offers residents a dense suburban feel where most residents own their homes.

The housing market in Bothell is very competitive, with an average median price of $638k and an average price per square footage of $444. Bothell is considered one of the higher-cost areas in the state.

Home Loan Programs in Bothell

Bothell has different mortgage loan programs, a conventional-conforming loan is the most widely used by home buyers. Here’s a short list of home loans in Bothell:

  • Conventional – Conforming Loan

A 30-year fixed conventional-conforming loan is Washington state’s most prevalent home loan. They are not insured nor guaranteed by the federal government. They are more challenging to qualify for compared to government-insured loans.

A minimum credit score of 620 and a debt-to-income of less than 43% are the basic qualification requirements of a conventional loan. Depending on the borrower’s credit score, a 3 – 5% down payment is required on all conventional loans. However, if you don’t put a 20% down payment, you must carry a Private Mortgage Insurance of PMI.

The conforming loan limit in King and Snohomish counties for a single-family residence in 2023 is $977,500.

  • FHA Loan

FHA loans are the most lenient and easiest home loan program to qualify for. You only need a credit score of 580 to be eligible for a 3.5% down payment. Moreover, the down payment may come as a gift from a family member, a charitable institution, or an employer. If your credit score is below 580, you may still be eligible for an FHA loan, provided you come up with at least a 10$ down payment and your score is not below 500.

The 2023 FHA loan limit in King and Snohomish counties is the same as a conventional-conforming loan. They are $977,500 for a single-family residence, $1,251,400 for a 2-unit property, $1,512,650 for a 3-unit property, and $1,879,850 for a 4-unit property. 

  • VA Loan

VA home loans are mortgages guaranteed by the United States Department of Veterans Affairs and exclusive to eligible service personnel and their spouses. The VA loan is a no-money-down program since the Veterans Administration guarantees a portion of the loan against default.

To be eligible for a VA home loan, you or your spouse must meet the minimum service requirements set by the US Department of Veterans Affairs, satisfy the lender’s credit and income requirements, and have a valid Certificate of Eligibility (COE).

  • Jumbo Loan

Jumbo loans are mortgages that exceed the conforming loan limits set by the Federal Housing Finance Agency (FHFA) and don’t meet the eligibility requirements of the government-sponsored enterprises Fannie Mae and Freddie Mac. They are mainly used to purchase luxury homes.

The eligibility requirements of a jumbo loan include a higher credit score, low debt-to-income ratios, and healthy reserves. You need a credit score of 700, and some lenders require a score of 720 and above. Your DTI should be less than 43% and have a reserve equal to 6 – 12 months of your monthly mortgage payments.

The minimum down payment for a jumbo loan is 10% of the purchase price for those highly-qualified borrowers. Depending on your credit score and DTI ratio, some lenders require a 20 – 30% down payment.

Apply for a Home Loan in Bothell

Capital Home Mortgage Bothell will assist you every step of the way. Our team of experienced mortgage professionals can answer your questions and walk you through the loan process.

To get started with a no-obligation quote, call us at (425) 324-9505. We look forward to assisting you with your next home loan in Bothell. 

Why Bothell 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

Bothell Washington 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
Bothell Mortgage Programs

Bothell Home Purchase loans

Looking to Purchase a Bothell 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

Bothell Renovation Home Loans

Looking to Rehab a Bothell 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

Bothell FHA Home loans

Great 1st Time Bothell 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

Bothell va Home Loans

100% Financing for Bothell 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

Bothell Conventional Home loans

Flexibility for Bothell 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

Bothell Jumbo Home Loans

Bothell 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

Bothell USDA Home loans

100% Rural Bothell 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

Bothell Native american Home Loans

Bothell 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

Bothell Manufactured Home loans

Great Alternative Bothell 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

Bothell Reverse Mortgage Loans

Your Bothell 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

Bothell Non QM Home loans

Making Bothell 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

Bothell One Time Close Home Loans

Build Your Bothell 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

Bothell Refinance Mortgage loans

Bothell 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

Bothell Cashout Mortgage Loans

Bothell 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

Bothell 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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