Capital Home Mortgage Seattle

Seattle USDA Home Loans

USDA Mortgage Lender Seattle

USDA Home Loans In Seattle

The USDA Home Loan program in Seattle, Washington, is intended to help low- and very-low-income families purchase homes in rural areas. This program helps low- and very-low-income applicants obtain adequate, safe, sanitary housing in eligible rural areas. Payment assistance is a form of subsidy that reduces the mortgage payment. The family’s income determines the quantity of assistance.

Types of USDA Home Loan Programs in Seattle

This initiative is divided into the following sub-programs:

  • Single Family Housing Direct Home Loans (Section 502 Direct Loan Program)

This program aims to assist low- and very-low-income applicants in obtaining appropriate, safe, and hygienic housing in designated rural locations. It provides payment assistance to improve an applicant’s repayment capability. Additional funding was provided under the American Rescue Plan Act (ARPA), signed into law in 2021. Still, this funding was rescinded, but the USDA continues to accept applications for COVID-19-related payment moratoriums.

  • Single Family Housing Guaranteed Loan (Section 502 Guaranteed Loan Program)

This program assists licensed lenders in allowing low-income and moderate-income households in suitable rural areas to possess adequate, safe, hygienic housing. Appropriate candidates may use 100% financing to buy, build, remodel, improve, or relocate a home in a proper rural region. This program provides certified lenders with a 90% loan note guarantee to decrease the risk of issuing 100% loans to qualifying rural homebuyers.

  • Single Family Housing Repair Loans & Grants (Section 504 Home Repair Program)

This program provides loans to low-income homeowners to repair, improve, or modernize their homes and grants to elderly low-income homeowners to alleviate health and safety hazards. It, too, was harmed by the cancellation of ARPA financing, but it continues to accept applications for specific instances.

  • Rural Housing Site Loans

These loans offer low- and moderate-income families two types to purchase and develop home plots. Section 523 loans are only used to acquire and develop land for the Self-Help construction of homes. Section 524 loans are granted to acquire and develop land for low- and moderate-income people, with no restrictions on building methods.

The eligibility for these loans, loan guarantees, and grants is based on income and varies according to each region’s median average income. The USDA provides an Income and Property Eligibility Site to evaluate the likelihood that a prospective applicant would be eligible for program assistance and determine whether a property is in a suitable rural area.

USDA Home Loan Eligibility Requirements

To reduce the risk of extending 100% loans to eligible rural homebuyers, the USDA Guaranteed Home Loan program offers 100% financing and a 90% loan note guarantee to approved lenders. Therefore, no down payment is necessary for those who qualify.

To be eligible for this program, applicants must meet the following requirements:

  • Household Income

Meet the income eligibility requirements (no more than 115% of the median household income).

  • Occupancy

You must agree to live in the house as your primary residence.

  • Citizenship

You must be a US citizen, a US non-citizen national, or a Qualified Alien. 

  • Credit and Income

Although lenders require a minimal credit score of 640 for USDA home loans, the USDA does not have a minimum score requirement. If your credit score is lower, you may still be eligible for a loan, but additional compensating factors may be required. 

  • Location

The eligibility of a property is contingent on its location. The property must be located within a USDA-approved rural area. You can use the USDA’s Eligibility Site to input a specific address to determine eligibility or search the map to view general eligible areas.

Apply for a USDA Home Loan with Capital Home Mortgage

Capital Home Mortgage is the best option for USDA-guaranteed home loans in Seattle, providing homebuyers with unmatched advantages. USDA loans, guaranteed by the USDA Rural Development Guaranteed Housing Loan Program, offer the significant benefit of requiring no down payment, which is a substantial benefit for those who may struggle with initial costs. Typically, these loans have lower interest rates than conventional mortgages, allowing for savings over the loan term. Utilizing Capital Home Mortgage for a USDA loan in Seattle enables applicants to take advantage of the program’s lenient eligibility requirements, which accommodate low-income households and those with imperfect credit. The program encourages homeownership in eligible rural and suburban areas, and due to the expansive definition of “rural” by USDA standards, several locations in and around Seattle may qualify. Consequently, partnering with Capital Home Mortgage can access these benefits, making homeownership more affordable.

Call  (253) 528-4417 to speak with one of our Seattle USDA Home Loan Specialists.

Why Seattle HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates and Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Seattle 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

Seattle 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
Seattle Mortgage Programs

Seattle Home Purchase

Thinking of Buying a Seattle 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

Seattle renovation home loans

Looking to Rehab a Seattle 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

Seattle FHA Home Loans

Great for 1st Time Seattle 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

Seattle VA Home Loans

100% Financing for Seattle 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

Seattle Conventional Home Loans

Flexibility for Seattle 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

Seattle Jumbo Home Loans

Seattle 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

Seattle USDA Home Loans

100% Rural Seattle 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

Seattle Native American Home Loans

Seattle 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

Seattle Manufactured Home Loans

Great Alternative Seattle 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

Seattle reverse mortgages

Your Seattle 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

Seattle Non QM Home Loans

Making Seattle 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

Seattle One Time Close mortgages

Build Your Seattle 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

Seattle Refinance Mortgage Loans

Seattle 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

Seattle Cash-out Home mortgages

Seattle 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

Seattle Washington Mortgage Team

Jordan Mowrey

Sr Loan Officer
NMLS 1604319

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

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