Capital Home Mortgage Kent

Kent home purchase loans

Home Purchase lender Kent

Home Purchase Loans In Kent

Are you interested in acquiring a residential property in Kent, Washington? Facilitate the realization of a home acquisition by utilizing a home purchase loan offered by Capital Home Mortgage. Our range of mortgage offerings enables prospective homeowners to select the most suitable home loan program that aligns with their financial resources and repayment capacity. 

Home Loan Programs in Kent

  The following are some of the most common ways to finance a property purchase in Kent, Washington:

  • FHA Home Loans

An FHA home loan in Kent, Washington, is a mortgage loan insured by the Federal Housing Administration (FHA). This type of financing is beneficial for first-time homeowners or those with a small down payment. FHA loans are noted for their comparatively easy credit standards and the ability to finance up to 96.5% of the home’s value.

Here are some important details about FHA home loans in Kent, Washington:

  • Loan Limits

The 2023 FHA loan limit in Kent, King County is $977,500 for a single-family home, $1m251,400 for a 2-unit property, $1,512,650 for a 3-unit property, and $1,879,850 for a 4-unit property, respectively.

  • Qualification Requirements

In Washington, the minimum down payment required to qualify for an FHA loan is 3.5% for borrowers with credit scores of 580 and above. In addition, the debt-to-income ratio (DTI) should ideally be below 43%. The prospective buyer must occupy one of the units to purchase a multifamily property with a 3.5% down payment.

FHA loans in Kent require appraisal and mortgage insurance, which protects the lender if the borrower defaults.

  • VA Home Loans

A VA home loan in Kent, Washington, is a mortgage loan primarily offered to veterans, active-duty military personnel, and some National Guard and Reserves members. VA home loans are backed by the United States Department of Veterans Affairs and are intended to provide eligible veterans and military members with affordable financing options.

VA home loans in Kent, Washington, provide eligible veterans with favorable terms, including no private mortgage insurance, low-interest rates, and flexible credit requirements. If you are a veteran or active-duty service member interested in obtaining a VA loan in Kent, it is recommended that you contact one of our Home Loan Specialists to discuss your options and receive tailored advice.

  • USDA Home Loans

The United States Department of Agriculture (USDA) administers a mortgage financing program known as a USDA home loan in Kent, King County, Washington. It is a viable financing option for eligible buyers searching for affordable homeownership opportunities in rural areas. This program provides advantageous terms, such as no down payment and competitive interest rates, to make homeownership more accessible to many families.

USDA home loans are available to approximately 70.4% of King County, which includes Kent. The applicants must meet specific income requirements, be without adequate housing, and commit to occupying the financed property as their primary residence. Generally, no down payment is required. The program’s primary objective is to provide affordable homeownership opportunities that foster economic growth and improve the quality of life in rural communities.

  • Conventional Loans

Conventional mortgage loans in Kent, Washington, are home loans that are neither federally insured nor guaranteed. They are the most prevalent form of home loan and are typically made available by private lenders such as banks and mortgage companies. Factors such as county median property prices can affect conventional mortgage loan amounts.

Conventional loans can either be conforming or non-conforming. The 2023 conforming loan limit for Kent, King County, Washington, is $977,500 for a single-family home, $1,251,400 for a 2-unit home, $1,512,650 for a 3-unit home, and $1,879,850 for a 4-unit home, respectively.

Conventional conforming loans typically require a 640 credit score, a debt-to-income ratio of less than 45%, and a 5% down payment. A 3% down payment is available for highly-qualified borrowers.

  • Jumbo Loans

For Kent residents in King County, Washington, a jumbo loan is a type of mortgage that exceeds the FHFA’s conforming loan limit for the county in 2023, which is $977,500. Jumbo loans serve the area’s prestige and upscale real estate market.

A minimum credit score of 700 is typically required to qualify for a jumbo loan. This index measures the creditworthiness of the borrower. Usually, applicants must make a minimum 10% down payment. The standard reserve requirement for jumbo loans is six to twelve months of mortgage payments.

  • Non-Qualified Mortgage Loans

A non-qualified mortgage, Non-QM, is a home loan that does not satisfy the Consumer Financial Protection Bureau (CFPB) guidelines for a Qualified Mortgage (QM). Following the 2008 financial crisis, the QM rules were implemented in the United States as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. These regulations were implemented to ensure that borrowers only received loans they could afford.

Notably, “non-qualified” does not always imply “subprime” or fundamentally risky. Non-QM loans are designed for borrowers who do not fit the standard lending mold, such as self-employed individuals with unpredictable income, real estate investors, or high debt.

Apply for a Home Purchase Loan in Kent

Capital Home Mortgage provides various benefits to Kent home purchasers. For starters, Capital Home Mortgage can assist purchasers in navigating a complex mortgage market with historically high mortgage rates to locate the best interest rates and terms, potentially saving them thousands of dollars over the life of a loan. Their personalized home purchase loan products offer pre-approval, detailed options based on specific criteria and assistance in evaluating interest rates and conditions. Capital Home Mortgage provides experienced advice and assistance to Kent home purchasers.

Call (253) 528-4417 to speak with one of our Kent Home Loan Specialists about your home purchase.

Why Kent 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

Kent 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

Kent Home Purchase Loans

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

Kent fixed rate Mortgage Loans

All Fixed Rate Mortgage Loans are designed to have equal payments for the specified term. These loans offer predictability and are deemed to be less risky for borrowers. Fixed Rate Mortgage Loans are available with all mortgage products and are typically offered in 15 year and 30 year terms. However, Fixed Rate Mortgage Loans are also offer in 10 year, 20 year and 25 year terms although less common due to demand.

Kent Adjustable Rate Mortgage Loans

Adjustable Rate Mortgage Loans known as ARM’s are  available with most mortgage products although limited with FHA, VA and USDA. ARM’s are great fit for homebuyers who plan to sell or refinance their home between 1 and 10 years and are looking for the lowest possible payment.  ARM’s offers lower rates during times where fixed rates are higher. An adjustable rate mortgage is fixed for a specific time then adjusts on a predetermined time period and a predetermined amount based on a financial index and a fixed margin.

Kent Mortgage Programs

Kent Home Purchase

Thinking of Buying an Kent 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

Kent renovation home loans

Looking to Rehab an Kent 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

Kent FHA Home Loans

Great for 1st Time Kent 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

Kent VA Home Loans

100% Financing for Kent 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

Kent Conventional Home Loans

Flexibility for Kent 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

Kent Jumbo Home Loans

Kent 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

Kent USDA Home Loans

100% Kent 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

Kent Native American Home Loans

Kent 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

Kent Manufactured Home Loans

Great Alternative Kent Housing

Kent reverse mortgages

Your Kent 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

Kent Non QM Home Loans

Making Kent 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

Kent One Time Close mortgages

Build Your Kent 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

Kent Refinance Mortgage Loans

Kent 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

Kent Cash-out Home mortgages

Kent 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

Kent 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

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