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Home Loans In Washington

The state was founded from the western half of the Washington Territory, which the British Empire gave in 1846 as part of the Oregon Treaty in settlement of the Oregon boundary dispute. It was named after George Washington, the United States’ first president. The Pacific Ocean borders the state on the west, Oregon on the south, Idaho on the east, and the Canadian province of British Columbia on the north.  If you are considering making Washington state your permanent home — be it in the city, the suburbs, or the country — you are looking into various mortgage programs to find one that would allow you to afford the house of your dreams. Fortunately, there is a plethora of home loan programs available in Washington.

Type Of Washington Home Loans 

There are different home loan programs to finance your home purchase, a conventional-conforming loan being the most commonly used among homebuyers. However, other mortgage options for borrowers wouldn’t qualify for a conventional loan. From government-insured and guaranteed mortgage loans to Non-Conforming home loans, there is a home loan program that meets every borrower’s needs.

  • Conventional-Conforming Loan

Mortgage loans not insured or guaranteed by the federal government fall under conventional loans. Conventional loans can either conform to or not conform to the standards. Mortgages classified as conforming loans adhere to guidelines established by the Federal Housing Finance Agency (FHFA), a government entity overseeing the mortgage industry. Conforming mortgages adhere to the regulations and funding standards Freddie Mac and Fannie Mae set.

Government-sponsored enterprises that dominate the home lending industry include the Federal National Mortgage Association (FNMA, or Fannie Mae) and the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac). Mortgages for one-unit properties (single-family homes) must follow the standardized norms and guidelines established by these quasi-governmental organizations to qualify for the agencies’ support.

Mortgages are not issued by Fannie Mae or Freddie Mac directly. Instead, they serve as secondary market makers and insure mortgages issued by lenders like banks if those lenders decide to sell their mortgages.

  • FHA Home Loan

A Federal Housing Administration (FHA) loan is a government-insured home loan granted by a bank or lender approved by the agency. They are prevalent among first-time homebuyers. FHA loans require a smaller minimum payment than many conventional loans, and applicants with low credit scores may be eligible.

Under the FHA loan program, prospective homebuyers have multiple programs they may available, from a 203(b) to a home renovation 203(k) loan that incorporates the repair and renovation cost with the purchase price of the house.

FHA loans are the most lenient and most accessible to qualify for as compared to other home loan programs. They only require a credit score of 580 to be eligible for a 3.5% down payment.

  • VA Home Loan

Private lenders, such as banks and mortgage companies, offer VA home loans. The VA guarantees a portion of the loan, allowing the lender to provide better terms. The Department of Veterans Affairs (VA) offers a benefit called the home loan guarantee and other housing-related programs that can assist you in purchasing, building, repairing, maintaining, or adapting a property for your occupancy.

VA home loans offer no money down, a 0% financing. Benefits associated with a home loan are conditional on the borrower’s duty status, nature of service, and duration of service or commitment to service.

  • USDA Guaranteed Home Loan

The USDA Section 502 Guaranteed Loan Program provides funding to certified lenders so that people from poor and moderate-income backgrounds in rural areas can purchase homes that meet minimum standards for “adequate, modest, decent, safe, and hygienic.” One hundred percent financing is available for qualified borrowers who want to buy, construct, renovate, improve, or relocate a primary residence located in a rural location. Eligible rural homebuyers can get 100% loans with no down payment through this scheme, which guarantees 90% of the loan amount to the lender.

  • Non-Conforming Loans

A loan that does not adhere to the standards set forth by Fannie Mae and Freddie Mac for purchase is referred to as a non-conforming loan. The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) are government-sponsored organizations that invest in mortgage loans. The Federal Housing Finance Agency establishes the guidelines determining the types of mortgages Fannie Mae and Freddie Mac can purchase. There are two primary reasons why a loan might not conform: either it does not fulfill a criterion that the FHFA established, or the loan amount exceeds the loan limit set by the GSEs. A Jumbo Home Loan is a prime example of a Non-Conforming Loan.

Apply For A Home Loan With Capital Home Mortgage

Capital Home Mortgage Washington is a direct mortgage lender and servicer in Washington, offering a wide variety of mortgage options to suit the needs of its consumers. Whether you were born and raised in Washington or are a newcomer to the state, our expert team at Capital Home Mortgage Washington will endeavor to discover the loan program that best suits your needs and your budget. We are here to assist you with your housing needs, whether that be a first mortgage, a refinance, or a debt consolidation loan.

To begin the process please call our mortgage professionals at (253) 528-4417.

Why Washington HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates and Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

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

washington Home Purchase

Thinking of Buying a Washington 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

washington renovation home loans

Looking to Rehab a Washington 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

washington FHA Home Loans

Great for 1st Time Washington 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

washington VA Home Loans

100% Financing for Washington 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

washington Conventional Home Loans

Flexibility for Washington 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

washington Jumbo Home Loans

Washington 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

washington USDA Home Loans

100% Washington 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

washington Native American Home Loans

Washington 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

washington Manufactured Home Loans

Great Alternative Washington 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
  • OTC Land/ Home Combo
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

washington reverse mortgages

Your Washington 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

washington Non QM Home Loans

Making Washington 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

washington One Time Close mortgages

Build Your Washington 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

washington Refinance Mortgage Loans

Washington 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

washington Cash-out Home mortgages

Washington 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

Washington Mortgage Team

Jordan Mowrey

Sr Loan Officer
NMLS 1604319

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brad Rund

Director Native American Lending
Director Manufactured Housing

washington Mortgage Company Reviews

Washington Cities

Seattle Home Loans

Spokane Home Loans

Tacoma Home Loans

Vancouver Home Loans

Bellevue Home Loans

Kent Home Loans

Everett Home Loans

Renton Home Loans

Spokane Valley Home Loans

Kirkland Home Loans

Federal way Home Loans

Yakima Home Loans

Bellingham Home Loans

Auburn Home Loans

Kennewick Home Loans

Pasco Home Loans

Redmond Home Loans

Sammamish Home Loans

Marysville Home Loans

South Hill Home Loans

Lakewood Home Loans

Richland Home Loans

Shoreline Home Loans

Olympia Home Loans

Burien Home Loans

Lacey Home Loans

Bothell Home Loans

Bremerton Home Loans

Puyallup Home Loans

Edmonds Home Loans

State Specific Mortgage Information

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