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Lacey Home Loans

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Mortgage Lender Lacey Washington

Home Loans In Lacey, Washington

Lacey is a city in Thurston County, a suburb of Olympia. It is called “an urban oasis surrounded by outdoor paradise” due to its vast nature preserve near the state capital.

The real estate market in Lacey is very competitive, with an average median price of $464k and a median price per square footage of $289.

There are several home loan programs in Lacey, a conventional-conforming loan is the most prevalent mortgage loan, followed by an FHA loan.

Home Loan Programs in Lacey

  • Conventional – Conforming Loan

Conforming loans follow the loan limit set by the Federal Housing Finance Agency )FHFA) and the lending guidelines of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. They are not part of a federal program, making them more challenging to qualify for than government-backed mortgages.

About 72% of home buyers in Washington state used a conventional-conforming loan to finance the purchase of a property in Washington last year. Considering more than half of these purchases were made by first-time homebuyers, it is worth noting that people preferred conventional-conforming loans over government-insured or guaranteed loans.

A borrower needs a minimum credit score of 620 to qualify for a conventional-conforming loan. Their debt-to-income (DTI) ratio must be less than 43% and have adequate reserves. The minimum down payment required for a conventional loan is 3 – 5% of the sales price, depending upon the borrower’s credit score. If a borrower cannot come up with a 20% down payment, the loan must carry Private Mortgage Insurance (PMI). The PMI can only be canceled once the loan balance reaches 78% of the original purchase price.

  • FHA Loan

An FHA loan is a mortgage insured by the Federal Housing Administration. They work under the jurisdiction of the United States Department of Housing and Urban Development (HUD). FHA insures the loan against default, hence, the Mortgage Insurance Premium or MIP. If the borrower cannot make their mortgage obligations, the lender has no risk in the event of foreclosure. The FHA’s MIP is for the life of the loan and can only be canceled by either paying off the loan entirely or refinancing to a conventional loan.

FHA loan is the easiest of all mortgages to qualify for, along with a low down payment requirement. The minimum credit score requirement is 580 to qualify for a 3.5% down payment. However, if your scores are between 500 – 579, you may still qualify if you put in a minimum 10% down payment. 

  • VA Loan

VA loans are mortgages guaranteed by the US Department of Veterans Affairs and extended to eligible service members and their spouses. To qualify for a VA home loan, you must meet specific eligibility requirements related to your military service, credit, income, and a valid Certificate of Eligibility (COE).

  • Jumbo Loan

Jumbo loans are mortgages used to finance properties that are too expensive for a conventional-conforming loan. They are called “jumbo” because they exceed the loan limits set by the Federal Housing Finance Agency and the guidelines of the government-sponsored enterprises Fannie Mae and Freddie Mac.

You must have a high credit score to qualify for a jumbo loan. Lenders typically require a credit score of 700; some require a score of 720 and up. Your debt-to-income (DTI) ratio must be below 43%. Also, adequate cash reserves will demonstrate your ability to handle unforeseen expenses and mortgage payments; thus, a 6 – 12 months’ worth of reserve is expected from the borrower.

Apply for a Home Loan in Lacey

Capital Home Mortgage is a direct Washington mortgage lender and servicer that offers a wide range of mortgage products to meet all of its customers’ mortgage-related needs. Whether you have lived in Lacey your entire life or have recently moved here, our highly experienced Capital Home Mortgage Team will work to find the best loan program to suit your budget and individual needs. 

Call us at (360) 474-5656 to get started on your home ownership journey.

Home Loans In Lacey, Washington

The search for a new house can be so intimidating that you resist starting. Contrary to popular misconception, buying a home does not have to be unpleasant, daunting, or time-consuming.

How Long Does Buying a Home Take?
In today’s market, it will take a year to find and buy a property. You might spend most of that time house hunting.

Supply and demand favor sellers, making it difficult to find a home that meets your wants and budget.

Homebuying Timeline
Mortgage Preapproval (One or Two Days)
Pre-approval is the first stage in getting a mortgage. Your lender checks your finances to see how much you can afford. Your lender will send a letter with a loan estimate if you qualify.

Homebuying (3 to 6 Months)
Finding a home takes the most time. In a hot real estate market, it may take months or a year to find the appropriate home.

A local real estate agent can speed up this phase.

Offering (Depending On How The Negotiations Go)
Your real estate agent can help you make an offer and write an offer letter when you find the perfect home.

Include a Proof of Funds letter with an all-cash offer to show you can pay. Attach your mortgage pre-approval letter to your offer to show the seller you’ve been pre-approved.

Closing Your Mortgage (About 1 Month)
After signing your purchase agreement, apply for a mortgage. Most lenders take 30–45 days to complete your loan. Your lender will underwrite your loan after an appraisal to ensure your home fits mortgage criteria.

To discover any hidden issues, consider a house inspection.

Loan Closure (A Week or Less)
Closing occurs once your appraisal is approved and your lender completes underwriting.

Your lender will issue a Closing disclosure before closing, detailing your loan terms. Read it in three days.

Lenders schedule closing meetings after three days. Sign your loan documents, make your down payment and closing charges, and move in here.

Lacey, WA Mortgage Lender
Capital House Mortgage can help you buy a Lacey home. We have conventional, government-backed, and jumbo home financing programs for every buyer.

Capital Home Mortgage, a top Washington mortgage lender, offers flexible underwriting, low fees, and competitive interest rates. We can help first-time homebuyers, veterans, and seasoned buyers.

Lacey Home Loan Application Now!
Capital Home Mortgage strives to make homebuying enjoyable. Real estate transactions require speed. We use technology and resources to accelerate loan application, underwriting, and funding.

We’ll finish your mortgage application swiftly and on time.

Call (253) 528-4417 for your Lacey Home Loan.

Why Lacey 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

Lacey 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

Lacey Mortgage Programs

Lacey Home Purchase

Thinking of Buying a Lacey 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, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Lacey renovation home loans

Looking to Rehab a Lacey Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Lacey FHA Home Loans

Great for 1st Time Lacey 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 Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Lacey VA Home Loans

100% Financing for Lacey Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Lacey Conventional Home Loans

Flexibility for Lacey 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
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Lacey Jumbo Home Loans

Lacey Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Lacey USDA Home Loans

100% Lacey Rural 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.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Lacey Native American Home Loans

Lacey 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

Lacey Manufactured Home Loans

Great Alternative Lacey Housing

Lacey reverse mortgages

Your Lacey 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
  • credit scores not applicable
  • Minimum age 62

Lacey Non QM Home Loans

Making Lacey Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Lacey One Time Close mortgages

Build Your Lacey 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 Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Lacey Refinance Mortgage Loans

Lacey 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.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Lacey Cash-out Home mortgages

Lacey 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
  • Vacation or Education

Lacey Washington Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Lacey Mortgage Company Reviews

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