Capital Home Mortgage Federal Way

Federal Way Conventional Home Loans

Conventional Mortgage Lender Federal Way Washington

Conventional Home Loans Federal Way Washignton

Mortgages that are not insured or guaranteed by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), or the Department of Agriculture (USDA) are referred to as conventional home loans. These loans, which are provided by private lenders like banks, credit unions, or mortgage firms, are guaranteed by either Freddie Mac or Fannie Mae.

Investment, secondary, and primary properties can all be bought using conventional home mortgages. Conventional loans are distinguished from other kinds of mortgage loans by permitting a variety of uses for the property. Higher credit score consumers are better suited for conventional mortgages, which have distinct requirements. As a result, conventional mortgage loans typically involve less paperwork than VA, FHA, or USDA loans, which facilitates easier qualifying for purchasers with solid credit. When a borrower applies for a conventional home loan, their credit score, income, and down payment in relation to the home’s sales price are taken into account.

Important features of conventional loans include:

Down Payment: Generally speaking, a larger down payment is needed for conventional loans than for loans backed by the government. Requirements for a down payment can vary, but they often fall between 3% and 20% of the cost of the house. Better financing terms, meanwhile, are occasionally achievable with a higher down payment.

Credit Score: Generally speaking, government-backed loans have less laxer credit score standards than traditional loans. To be eligible for advantageous interest rates, one often has to have a high credit score.

Lenders typically require borrowers to pay for private mortgage insurance (PMI) if the down payment is less than 20% of the home’s worth. In the event that the borrower fails on the loan, PMI safeguards the lender. The borrower may ask to have the PMI canceled after their home equity has reached 20%.

Loan limitations: Fannie Mae and Freddie Mac, the two government-sponsored companies that purchase and sell mortgages, determine the loan limitations for conventional loans. The maximum loan amount that qualifies as a conventional loan is determined by these limitations. Loan restrictions are location-specific and subject to periodic revisions.

Interest Rates: A number of variables, including credit score, down payment, loan length, and market conditions, can affect interest rates on conventional loans. They could be adjustable-rate, where the interest rate can fluctuate over time, or fixed-rate, where the interest rate stays the same for the duration of the loan.

Loan Terms: Conventional loans come with a range of loan terms, usually from 10 to 30 years.

When a person is prepared to make a down payment, has steady income, and good credit, they frequently choose traditional loans. These loans do have stricter qualifying requirements than other government-backed lending programs, but they can be more flexible in terms of loan amount, type, and terms.

Please get in touch with one of our certified loan officers for further details on a certain topic. To speak with a licensed mortgage officer, give us a call now.

Apply For A Conventional Loan

Buying a home is a huge accomplishment, and Capital Home Mortgage Federal Way 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 Federal Way 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 Mortgage Payment

Federal Way 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

Federal Way 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
  • MAXIMUM LOAN AMOUNT – $766,550

Federal Way 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)

Federal Way 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)
Federal Way Mortgage Programs

Federal Way Home Purchase loans

Looking to Purchase a Federal Way 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

Federal Way Renovation Home Loans

Looking to Rehab a Federal Way 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

Federal Way FHA Home loans

Great 1st Time Federal Way 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

Federal Way va Home Loans

100% Financing for Federal Way 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

Federal Way Conventional Home loans

Flexibility for Federal Way 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

Federal Way Jumbo Home Loans

Federal Way 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

Federal Way USDA Home loans

100% Rural Federal Way 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

Federal Way Native american Home Loans

Federal Way 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

Federal Way Manufactured Home loans

Great Alternative Federal Way 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

Federal Way Reverse Mortgage Loans

Your Federal Way 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

Federal Way Non QM Home loans

Making Federal Way 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

Federal Way One Time Close Home Loans

Build Your Federal Way 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

Federal Way Refinance Mortgage loans

Federal Way 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

Federal Way Cashout Mortgage Loans

Federal Way 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

Federal Way Washington Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

Jordan Mowrey

SR Loan Officer
NMLS 210325

Federal Way 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

Accessibility Toolbar