Capital Home Mortgage Washington

Washington Conventional Home Loans

Conventional Mortgage Lender WASHINGTON

Conventional Home Loans Washington 

Conventional loans are mortgages that a government agency does not guarantee. Instead, private lenders such as banks, credit unions, and online lenders provide this service. Typically, these loans are used to acquire or refinance a residential property. Conforming to the rules established by Fannie Mae and Freddie Mac, government-sponsored firms that purchase mortgages from lenders and sell them to investors are also known as “conforming loans.” This permits lenders to give more funds to qualified purchasers. Conventional loans are less expensive than FHA loans but more challenging to qualify for. Conventional mortgages make for a significant share of home purchases and refinance and are offered by various lenders. They are the most prevalent type of home loan and are issued by private lenders to meet Fannie Mae and Freddie Mac guidelines.

Types of Conventional Loans

  • Conforming Loans

Conforming loans are mortgages that comply with FHFA loan size limits and other Fannie Mae and Freddie Mac guidelines. For the loans to be sold to Fannie Mae and Freddie Mac, they must comply with the regulations, which eventually adds liquidity and stability to the mortgage market. Not all conventional loans are conforming loans, but all conforming loans are conventional loans. A FICO score of 620 is required to qualify for a conventional-conforming loan. The required payment ranges from 3 to 5 percent of the purchase price. If the borrower makes a 20% down payment, the loan must include private mortgage insurance (PMI).
  • Non-conforming Loans

Loans that do not adhere to the requirements set forth by Fannie Mae and Freddie Mac, two government-sponsored enterprises that invest in mortgage loans, are considered non-conforming loans. The Federal Housing Finance Agency (FHFA) is in charge of establishing these criteria. Jumbo loans, which are larger than the conforming loan limit, are considered non-conforming.
  • FHA Home Loans

A loan insured by the Federal Housing Administration is an FHA loan (FHA). The Federal Housing Administration is a government agency within the Department of Housing and Urban Development (HUD). FHA loans are intended to assist low- and moderate-income applicants in qualifying for a mortgage. One of the primary advantages of an FHA loan is that it allows for a down payment of as little as 3.5% for borrowers with credit scores of 580 or above. Moreover, FHA loans often offer lower closing fees than conventional loans. Lenders must meet the agency’s requirements to qualify for an FHA loan. Once the loan is approved, the FHA insures it, protecting the lender if the borrower defaults on the mortgage.
  • VA Home Loans

VA home loans are guaranteed by the U.S. Department of Veterans Affairs (VA) and offered by private lenders such as banks and mortgage companies. If the borrower defaults on the loan, the VA will pay a portion of the loan. VA home loans are intended to assist qualifying Servicemembers, Veterans, and surviving spouses in becoming homeowners. The program offers a home loan guarantee benefit and other housing-related services to assist borrowers in purchasing, building, repairing, retaining, or adapting a home for personal use. In general, the terms of VA home loans are more advantageous than those offered by private lenders. By acquiring a Certificate of Eligibility (COE) and meeting credit and income requirements, eligible borrowers can apply for a VA home loan.
  • USDA-Guaranteed Home Loans

A USDA-guaranteed home loan, also known as a USDA loan or Rural Development loan, is a mortgage product that requires no down payment and is backed by the United States Department of Agriculture (USDA). These federally guaranteed loans can be used to buy, develop, repair, or refinance a property. They are designed for low-to-moderate-income individuals and families living in rural areas of the country.  The property must be located in an eligible rural area, and the borrower’s income must fulfill specific standards to qualify for a USDA loan. USDA loans are only available through USDA-approved lenders.
  • Jumbo Loans

Jumbo home loans, also known as non-conforming loans, exceed the limits Fannie Mae and Freddie Mac set. These government-sponsored enterprises purchase and package most U.S. home loans for investors. Jumbo mortgages are available for primary residences, second or vacation homes, and investment properties and come with various terms, such as fixed- and adjustable-rate loans. Borrowers must have a low ratio of debt to income and a strong credit score. Due to their bigger size, jumbo loans often have a higher interest rate and more stringent underwriting requirements than conventional mortgages, and they typically require a larger down payment.

Apply For A Conventional Loan

Buying a home is a huge accomplishment, and Capital Home Mortgage can assist in making the process as straightforward and enjoyable as possible. We are a full-service home mortgage company with a diverse range of mortgage products and a commitment to offering unrivaled customer service. Call us at (253) 528-4417 to speak with one of our Home Loan Specialists and get started on your path to homeownership!
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 & Low Fees

Exceptional Service

7  Day a Week Support Application to Final 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 mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Washington Conventional Purchase Loans

Conventional Purchase Mortgage Lender
  • Freddie Mac or Fannie Mae Insured
  • Primary, 2nd or Investment Homes
  • Single and Multi Family
  • Condo’s and Manufactured Homes
  • MORTGAGE INSURANCE OPTIONS
  • LOWER RATES & FLExIXBLE TERMS
  • MAXIMUM LOAN AMOUNT – $766,550
  • HIGH BALANCE (VARIES BY COUNTY)

Washington Conventional Refinance Loans

Conventional Refinance Mortgage Lender
  • Freddie Mac or Fannie Mae Insured
  • Primary, 2nd or Investment Homes
  • Single and Multi Family
  • Condo’s and Manufactured Homes
  • Mortgage Insurance Options
  • Lower Rates & Flexible Terms
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)

Washington Conventional Renovation Loans

Conventional Renovation Mortgage Loans
  • 95% LTV Primary  Residence
  • 97% LTV 1st Time Buyer Single Family
  • 85% LTV on 1 Unit Investment
  • 90% LTV on Second Home
  • Minimum Credit Score 620
  • Luxury Renovations are Eligible
  • Maximum Loan Amount – $766,550
  • High Balance (Varies By County)
Washington Mortgage Programs

Washington Home Purchase loans

Looking to Purchase 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, 2nd Home, Investment
  • Low Rates & Fees, No fee Options
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo & Renovation
  • Manufactured, Construction, Reverse

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 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

Washington FHA Home loans

Great 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 Payments
  • Flexible Underwriting Guidelines
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Down Payment Gifts Allowed

Washington va Home Loans

100% Financing for Washington 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

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 Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

Washington Jumbo Home Loans

Washington 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

Washington USDA Home loans

100% Rural Washington 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

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
  • Purchase, Refinance, and Renovation

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
  • New Construction
  • One Time Close Land/Home Combo
  • Lock at Contract
  • FHA, VA, USDA, Native American

Washington Reverse Mortgage Loans

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
  • No Credit Score Requirements
  • Minimum Age 62
  • Purchase, Refinance, and Cash-Out

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, Refinance & Cash-out
  • Primary, Secondary, Investment Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Washington One Time Close Home Loans

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 Residences Only
  • One Time Close
  • Lock Rate at Closing
  • Traditional Final Mortgages
  • No Payments During Construction

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.
  • Lower Monthly Payment
  • Shorten Mortgage Term
  • Streamline Options Available
  • Appraisal Waivers Allowed
  • VA IRRRL’s

Washington Cashout Mortgage Loans

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
  • Dream Vacation
  • Higher Education

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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