Capital Home Mortgage Auburn

Auburn USDA Home Loans

USDA Mortgage Lender Auburn

USDA Home Loans Auburn Washington 

How do USDA home loans operate in the state of Washington, and do you qualify? Following is an explanation of USDA loans and how they can help you acquire a property.

What is a USDA Home Loan?

A USDA home loan is a mortgage with no down payment for homebuyers in qualified rural and suburban locations. The Rural Development Guaranteed Housing Loan Program of the U.S. Department of Agriculture guarantees USDA loans.

The United States Department of Agriculture (USDA) offers two types of single-family rural housing loans: Direct and Guaranteed.

  • USDA Guaranteed Home Loan

The Single-family home Guaranteed Loan Program assists low- and moderate-income individuals and families in securing finance by providing loan guarantees in the event of future default.

The USDA Guaranteed Loan Program aids qualified lenders in giving low- and moderate-income households in qualifying rural areas the chance to own adequate, modest, decent, safe, and sanitary primary residences. 100% financing is available to eligible applicants for purchasing, construction, rehabilitation, improvement, or relocation of a home in an approved rural area. The program gives a 90% loan note guarantee to approved lenders to reduce the risk of granting 100% loans to qualifying rural homebuyers — meaning there is no down payment required!

  • USDA Direct Home Loan

This program helps low- and very-low-income applicants obtain good, safe, and sanitary housing in designated rural areas by increasing their ability to repay their mortgage loans. Payment assistance is a subsidy that temporarily cuts mortgage payments. The amount of aid is determined by the family’s income after adjustments.

Individuals and families can apply directly through their local USDA Rural Development Office.

The property must be located in an appropriate rural location to qualify for a USDA home loan. Suppose you’ve already identified a property you’re interested in acquiring. In that case, you can visit the Property Eligibility page on the United States Department of Agriculture’s website to discover whether the property qualifies.

How To Qualify For Washington USDA Home Loan

To qualify for a USDA Home Loan in the state of Washington, you must satisfy the following criteria:

– Your adjusted income must be at or below the applicable low-income level for the area where you seek to purchase a home.

– Show a willingness and capacity to repay debt

– Lack of decent, secure, and sanitary housing

– The property must be located in a rural region that qualifies.

– Comply with USDA occupancy requirements.

– The property’s physical condition must be satisfactory.

In addition to meeting income standards and identifying a suitable property or area, you must also agree to occupy the home as your principal residence. USDA loans cannot be used to purchase an investment or a second home.

To qualify, you must be unable to acquire traditional financing, but you must also demonstrate the ability to repay the loan. You must also be a citizen of the United States, a national of the United States who is not a citizen, or an eligible alien who has not been barred or suspended from participation in any government programs.

Apply For a Washington USDA Loan 

If you believe you qualify and wish to apply for a USDA loan, call (253) 528-4417 to speak with one of our USDA Home Loan Specialists or use the tools on this website to get started.

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 Mortgage 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 the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Auburn USDA Mortgage 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.

  • Guaranteed by US Depart of Agriculture
  • Rural Properties Only
  • 100% Financing
  • No Restrictions on Seller Concessions
  • Low Monthly Mortgage Insurance
  • Acreage Up to 30% of Total Value
  • FHA/USDA Certified Appraisers only
  • Guarantee Fee May be Rolled In
  • New Manufactured Home Only
Auburn Mortgage Programs

Auburn Home Purchase

Thinking of Buying an Auburn 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

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

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

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 Manufactured Home Loans

Great Alternative Auburn Housing

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

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

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

Auburn Washington Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brad Rund

Director Native American Lending
Director Manufactured Housing

Auburn Mortgage Company Reviews

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