Capital Home Mortgage Washington

Washington home purchase loans

Home Purchase lender Washington

Purchase Home Loans Washington 

If you’re looking to buy a home in the Evergreen State, Capital Home Mortgage is here to help. Because we offer a wide range of mortgage products, homebuyers can pick the program that best suits their budget and level of financial responsibility. In Washington, we have mortgage consultants that can help you find the best lending option.

Home Purchase Loan Programs In Washington

  • Conventional – Conforming

A conventional-conforming loan is the country’s most commonly used home loan program. If a prospective home buyer has a sizable cash reserve and strong credit, they should be approved for a conventional loan. People with good credit qualify for lower interest rates. A down payment of 20% of the total loan amount is required if you wish to avoid paying mortgage insurance.

  • FHA Home Loans

A Federal Housing Administration loan is a mortgage insured by the government (FHA). The FHA insures these loans to safeguard lenders from financial risk. The FHA has specific requirements that lenders must follow for their loans to be considered FHA-approved, after which the FHA backs the lender’s loans if a borrower defaults on the mortgage.

The FHA 203(b) loan program is the most popular option for FHA loans across the country. Borrowers unable to satisfy the stringent requirements associated with conventional loans are the ideal candidates for FHA home loans. Homebuyers with low credit ratings and limited incomes may be eligible for FHA loans.

One of the primary advantages of an FHA loan is that it requires a lesser down payment. FHA loans allow borrowers to finance a home with less than a 3.5% down payment. FHA loans are popular with first-time home buyers. It should be noted, however, that applicants must pay a mortgage insurance premium (MIP) when obtaining an FHA loan. This insurance protects the lender in the event of a borrower default.

  • VA Home Loans

VA home loans are mortgage loans offered to veterans, service members, and their surviving spouses. Private creditors such as banks and mortgage firms provide them, and the Department of Veterans Affairs (VA) guarantees repayment (VA). This assurance allows lenders to offer more advantageous terms to borrowers, such as reduced interest rates and no down payment requirements.

A VA mortgage is a specific home loan, but getting one is like obtaining any other kind of mortgage. You’ll work with a qualified lender to get pre-approved. Once pre-approved, you may shop for a home, make an offer, go through the underwriting and appraisal process, and finally, loan closing.

  • USDA-Guaranteed Home Loans

A USDA-guaranteed home loan is a mortgage guaranteed by the US Department of Agriculture (USDA). These loans are intended to help lower-income rural residents realize their ambition of property ownership. To decrease the risk of offering 100% loans to eligible rural homeowners, the USDA gives a 90% loan note guarantee to licensed lenders, so no money down is necessary for individuals who qualify.

The USDA issues or guarantees these loans as part of the USDA Rural Development program, designed to encourage home ownership in rural regions.

Borrowers must earn at most 115% of the area’s median income to qualify for a USDA-guaranteed loan. The subject property must also be located within the USDA-eligible area map to be considered for financing.

  • Home Renovation Loans

A home renovation loan is used to finance repairs, renovations, expansions, and upgrades. These loans might be mortgages with built-in rehab funds or personal loans. A home renovation loan can finance many home improvement projects, including updating a kitchen or bathroom, finishing a basement, or adding a second story to a house. The borrower’s demands and creditworthiness will determine the sort of loan and its terms. Renovation loans, for example, can have a fixed or variable interest rate and different terms.

There are different types of home renovation loans to choose from. The most popular of which is the FHA 203(k) loan. There’s also FannieMae’s HomeStyle Renovation loan and Freddie Mac’s ChoiceRenovation loan program.

  • Non-Qualified Mortgage Loans

Following the Consumer Financial Protection Bureau’s (CFPB) Qualified Mortgage rule, a non-qualified mortgage (non-QM) is a particular type of home loan that does not adhere to the regular paperwork criteria. As a result, non-QM loans could have alternative conditions, such as longer loan terms or negative amortization and less rigid eligibility requirements.

Non-QM loans are intended to assist house buyers who do not meet the stringent requirements of a qualifying mortgage. If you are self-employed or do not have a traditional income, you may not be able to qualify for a qualified mortgage; thus, a non-QM loan may be a better choice for you. Non-QM loans enable borrowers who would not otherwise qualify for a mortgage to obtain a house loan. A non-QM loan may be appropriate if you have a low credit score, a high debt-to-income ratio, or income that varies enough that a standard mortgage is not an option.

Apply For A Home Purchase Loan in Washington

If you want to apply for a home purchase loan in Washington state, several alternatives are open to you. Capital Home Mortgage is a Washington-based direct mortgage lender. We are committed to providing superior customer service and look forward to assisting you. Please call (253) 528-4443 to speak to one of our loan officers.

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 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

Washington 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.

Washington 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.

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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