Jumbo Mortgage Lender Auburn
Jumbo Home Loans in Auburn Washington
A jumbo loan is a mortgage loan that exceeds the Federal Housing Finance Agency’s (FHFA) conforming loan limit. In Washington, the conforming loan limit in most counties is $726,200. For 2023, the single-family loan maximum in more costly areas, like King, Pierce, and Snohomish counties around Seattle, increased to $977,200. A jumbo loan is any mortgage loan that exceeds this threshold. Jumbo loans often require a higher credit score and a more significant down payment than conforming loans, and underwriting conditions may be more stringent. Additionally, jumbo loan interest rates may be higher than conforming loan rates. In Washington State, these loans are typically utilized to acquire more expensive properties, such as luxury residences.Qualification Requirements of a Jumbo Loan
The three prerequisites for jumbo loans are a high credit score, a low debt-to-income (DTI) ratio, and adequate cash reserves.-
Credit Score
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Debt-to-Income Ratio
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Reserves
Downpayment Requirement of a Jumbo Loan
As a general rule of thumb, you can anticipate making a down payment of at least 10% for a jumbo loan. While a 20% down payment is reasonable, certain lenders may ask for a 25% or even 30% minimum down payment. In the end, your credit score and debt-to-income ratio may determine the amount of the down payment required to qualify for a jumbo loan.Apply For A Jumbo Home Loan in Washington
Capital Home Mortgage is committed to providing a one-of-a-kind home-buying experience. Contact our Washington Loan Officers at (253) 528-4417 to begin the application process for a Jumbo loan.Why Auburn 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
Auburn 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
Auburn Jumbo Home Loans
- Primary Residence and 2nd Homes
- Higher Loan Amounts – 3 Million
- Great Interest Rates
- Investor Specific Guidelines
Auburn Mortgage Programs
Auburn Home Purchase
Thinking of Buying an Auburn Home?
- Primary, Secondary, Investment
- FHA, VA, USDA, Native American
- Conventional, Jumbo, Non QM
- Reverse, Renovation, Manufactured
Auburn renovation home loans
Looking to Rehab an Auburn 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
Auburn FHA Home Loans
Great for 1st Time Auburn 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
Auburn VA Home Loans
100% Financing for Auburn 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
Auburn Conventional Home Loans
Flexibility for Auburn 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
Auburn Jumbo Home Loans
Auburn Non Conforming Loans
- Primary Residence and 2nd Homes
- Higher Loan Amounts – 3 Million
- Great Interest Rates
- Investor Specific Guidelines
Auburn USDA Home Loans
100% Auburn 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
Auburn Native American Home Loans
Auburn 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
Auburn reverse mortgages
Your Auburn 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
Auburn Non QM Home Loans
Making Auburn 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
Auburn One Time Close mortgages
Build Your Auburn Dream Home
- Primary Residence Only
- Close Once
- Lock Rate at Contract
- Traditional Final Mortgage
Auburn Refinance Mortgage Loans
Auburn 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
Auburn Cash-out Home mortgages
Auburn 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
