Capital Home Mortgage Sammamish

Sammamish Home Loans

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Mortgage Lender Sammamish Washington

Home Loans In Sammamish, Washington

Sammamish is a city in King County, Washington. It is located on a plateau, a very wealthy suburb 20 miles from Seattle. The real estate market in Sammamish, Washington, has experienced both upward and downward trends, with median sales prices decreasing, median listing prices increasing, and home staying on the market longer than the previous year.

The median sold price of homes in King County was $822,050, with a price per square foot of $500, based on all homes sold in the last 12 months. Among the most prevalent mortgage loans in Sammamish, King County, are as follows:

  • Federal Housing Administration (FHA) Loans

These government-backed loans are designed for borrowers with lower credit scores or smaller down payments. The credit score requirement is 580 to qualify for a 3.5% down payment. The maximum loan limit for King County in 2023 is $977,500 for a 1-unit home, $1,251,400 for a duplex, $1,512,650 for a triplex, and $1,879,850 for a four-plex, respectively.

  • Department of Veterans Affairs (VA)

Veterans, active-duty service members, and some surviving spouses are eligible for VA loans. These loans are often interest-only and do not need a down payment. The US Department of Veterans Affairs guarantees a portion of the loan. To qualify for a VA loan, you must meet specific eligibility requirements. These include:

  • Be an eligible veteran or military spouse with available VA loan entitlement.
  • Use the VA loan for an eligible purpose, such as homeownership.
  • Occupy or intend to occupy the home within a reasonable time, typically within 60 days of closing.
  • Be an acceptable risk. It is generally recommended to have a minimum credit score of 580 – 620.
  • Have satisfactory credit, sufficient income, and a valid Certificate of Eligibility (COE).
  • USDA Loans

USDA home loans are backed and guaranteed by the US Department of Agriculture and are designed for rural and suburban homebuyers who meet specific income and property eligibility requirements. These are no-money-down home loans extended to eligible borrowers in a designated rural area.

  • Jumbo Loans

Jumbo home loans are mortgages that exceed the conforming loan limits set by the Federal Housing Finance Agency (FHFA). The conforming loan limit for 2023 is $977,500 for a single-family residence. A loan that exceeds that amount is considered a jumbo loan.

To be eligible for a jumbo loan, applicants must meet several requirements. These include:

  1. Credit score: Jumbo loans require a higher credit score than conventional-conforming loans. A credit score of 700 is typically required; some lenders require a higher score of 720 and above.
  2. Down payment: jumbo loans always require a larger down payment. A jumbo loan’s usual down payment requirement is 10 – 20%.
  3. Reserves: Lenders generally require large cash reserves for jumbo loans to safeguard themselves from potential mortgage defaults. The exact reserve requirements vary among lenders and the loan amount. Typically, a 12-month minimum reserve is required on all jumbo loans.

In addition to these requirements, lenders will assess the borrower’s debt-to-income (DTI) ratio to ensure their ability to repay the loan. Jumbo loans have stricter underwriting guidelines due to the larger loan amounts and increased risk for lenders. 

Apply for a Home Loan in Sammamish

Capital Home Mortgage Washington is a direct mortgage lender and servicer in the state of Washington, offering several mortgage solutions to meet the needs of its customers. 

Whether you were born and bred in Washington or are a newcomer to the area, the knowledgeable professionals at Capital Home Mortgage Washington will find the best loan program that meets your needs and budget. Whether you need a first mortgage, a refinance, or a debt consolidation loan, we are here to assist you.

Give us a ring at (425) 324-9505, and we’ll assist you in obtaining a mortgage.

Home Loans In Sammamish, Washington

The search for a new home can seem long and hard, so hard that you don’t even take the first step. But, despite what most people think, buying a home doesn’t have to be as stressful, overwhelming, or time-consuming as people say it is.

How long does it take to buy a new house?

Based on how the market is right now, it will probably take you about a year to find and buy your next home. You might spend most of that time looking for a good place to live.

The forces of supply and demand have tipped in favor of sellers, making it harder to find a home that fits your needs and budget.

Homebuying Timeline
Getting a loan approved ahead of time (One or Two Days)

The first step in getting a mortgage is to apply for pre-approval. Your lender will check your financial information to see how much you can afford. If you meet the requirements, your lender will send you a letter with a formal estimate of the loan they are willing to give you.

Looking for a new place to live (3 to 6 Months)

The part of buying a home that takes the most time is often looking for the right house. In a hot real estate market, it could take you a few months to a year to find a home that meets all your needs.

Working with a real estate agent who knows the area and market well is the best way to speed up this step.

Making An Offer (Depending On How The Negotiations Go)

When you’ve found the perfect home and are ready to buy, your real estate agent can help you make an offer and write an offer letter that spells out the terms of the sale.

If your offer is all cash, you should include a “Proof of Funds” letter to show that you have the money to complete the deal. If you’re getting a mortgage, include a pre-approval letter with your offer to show the seller that a lender has already approved you.

Getting your mortgage finalized and getting ready for closing (About 1 Month)

You’re ready to apply for a mortgage now that you’ve signed the purchase agreement. Most lenders need 30–45 days to finish the details of your loan. Your lender will set up an appraisal to make sure your home meets the minimum requirements of your mortgage. After that, your loan will be underwritten.

During this time, you might also want to get a home inspection to see if there are any problems with the property that you weren’t told about.

The End of Your Loan (A Week or Less)

When both your appraisal and your lender’s review of your loan are done, it’s time to close.

Your lender will give you a document called Closing disclosure that explains the terms of your loan before the closing. At least three days are given to you to read it.

Your lender will set up a meeting to close the deal after three days. This is where you sign your loan papers, pay your down payment and closing costs, and take ownership of your new home.

Mortgage Lender In Sammamish, WA

You want to buy a new house in Richland, right? Capital Home Mortgage can help you understand the process and make the best choice. We have a wide range of home loan programs to meet the needs of all buyers, including conventional loans, loans backed by the government, and jumbo loans.

Capital Home Mortgage is one of the most important mortgage lenders in Washington. We offer our clients a flexible underwriting policy, low fees, and competitive interest rates. We are here to help you whether you are a first-time buyer, a veteran in active duty or a veteran who has retired.

Apply for a home loan in Sammamish right away!

Capital Home Mortgage is dedicated to giving our clients a good time when they buy a home. In real estate deals, we know that time is of the essence. Because of this, we make sure we have the right tools and technology to speed up the loan application, underwriting, and funding processes.

You can count on us to finish your mortgage application quickly and easily and to close on time.

Call us at (253) 528-4417, and we’ll help you get a home mortgage.

Why Sammamish HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Control of the Loan from Application to Funding

Great Rates & Low Fees

Direct Lender Providing Competitive Rates and Low Fees

Exceptional Customer Service

7  Day a Week Support Application to Final Mortgage Payment

Sammamish 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

Sammamish Mortgage Programs

Sammamish Home Purchase

Thinking of Buying a Sammamish Home?

Looking to Purchase a Home? We have the loan 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

Sammamish renovation home loans

Looking to Rehab a Sammamish Home?

What 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

Sammamish FHA Home Loans

Great for 1st Time Sammamish 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

Sammamish VA Home Loans

100% Financing for Sammamish 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

Sammamish Conventional Home Loans

Flexibility for Sammamish 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

Sammamish Jumbo Home Loans

Sammamish 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

Sammamish USDA Home Loans

100% Sammamish 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

Sammamish Native American Home Loans

Sammamish 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

Sammamish Manufactured Home Loans

Great Alternative Sammamish 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
  • OTC Land/ Home Combo
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

Sammamish reverse mortgages

Your Sammamish 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

Sammamish Non QM Home Loans

Making Sammamish 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

Sammamish One Time Close mortgages

Build Your Sammamish 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

Bellevue Refinance Mortgage Loans

Bellevue 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

Bellevue Cash-out Home mortgages

Bellevue 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

Bellevue Washington Mortgage Team

Kathy Rubin

Sr Loan Officer
NMLS 204449

Damon Embler

Sr Loan Officer
NMLS 882260

Matt Williams

Sr Loan Officer
NMLS 1945867

Dale Gremillion

NMLS 210325

Bellevue Mortgage Company Reviews

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