Tacoma Mortgage Lender
Welcome to Capital Home Mortgage Tacoma, your trusted mortgage lender dedicated to serving the unique needs of Tacoma homebuyers and homeowners. We are committed to providing competitive mortgage rates and low fees, all while delivering exceptional customer service.
We deeply value the opportunity to earn your trust and assist you in one of your life’s most important financial decisions. At Capital Home Mortgage Tacoma, we understand that purchasing a home is a significant milestone, so we offer personalized support throughout the mortgage process. We aim to make your experience seamless and stress-free, culminating in a timely and smooth closing.
As a dependable mortgage lender in Tacoma, we manage every step of the lending process in-house. With our efficient processing and underwriting, we ensure quick and informed approvals so you can move forward with confidence. From your initial application to the final funding, we maintain complete oversight, ensuring that your home-buying journey is as straightforward and enjoyable as possible.
Call today (239) 310-5599 to talk to one of our Tacoma Loan Officers.
Home Loans In Tacoma, Washington
A port city and third largest city in Washington, Tacoma serves as the center of business activity for the South Sound region, with a population of about 1 million. Tacoma’s real estate market continues to be a seller’s market, with home prices rising 18% from 2021 to 2022.
A mortgage is an agreement between you, the borrower, and a mortgage lender to purchase or refinance a home without having all of the cash up front. This agreement gives lenders the legal right to repossess a property if the borrower fails to meet the loan terms or fails to pay back the money borrowed plus interest.
Different Types Of Mortgages
There are several types of home loans, each with its own set of requirements, interest rates, and benefits.
Mortgages are classified into two types: conforming loans and non-conforming loans. Conforming loans include most conventional mortgages, while government-backed mortgages and jumbo loans are non-conforming.
Let us discuss some of the most common types of loans you may encounter when applying for a mortgage.
- Conventional Loans
Any loan that is not backed or guaranteed by the federal government is referred to as a “conventional loan.” Conforming loans are frequently used in conjunction with conventional loans. The term “conventional” refers to a private lender’s willingness to make the loan without government assistance, whereas “conforming” refers to the mortgage meeting a set of requirements defined by Fannie Mae and Freddie Mac.
Conventional loans are an excellent option for many homebuyers and only require a down payment as low as 3 – 5% of the home’s purchase price. However, if you put less than 20% down on a conventional loan, you will be required to carry private mortgage insurance, which protects your lender if you default on your loan. It increases your monthly expenses but allows you to move into a new home sooner and with less money required upfront.
- Jumbo Loans
If you want to buy a home that costs more than the conforming loan limit in the United States, you’ll need to apply for a jumbo loan.
Jumbo loans are classified as non-conforming conventional loans. Because jumbo mortgages exceed conforming loan limits and are provided by private lenders without government incentives, obtaining a jumbo loan will require at least a 20% down payment and loads of paperwork.
- Government-Insured Mortgages
Most private lenders offer government-backed mortgages in addition to conventional loans. These mortgages are designed to assist first-time homebuyers, low- to median-wage earners, and those with a history of credit problems in purchasing a home. Lenders may refuse to make these loans to high-risk borrowers without government insurance.
- FHA Loans
Under the Housing and Urban Development (HUD) jurisdiction, the Federal Housing Administration guarantees FHA loans. They are popular among average-income households and individuals because they require a lower down payment and a good credit score. Most lenders will approve an FHA loan with a down payment as low as 3.5 percent and a credit score as low as 580.
- VA Loans
VA loans are provided as a benefit of service to United States armed forces members and are backed by the Department of Veterans Affairs. They are available to veterans, active-duty military personnel, qualified reservists, eligible National Guard members, and surviving spouses.
VA loans are an excellent option because they allow you to purchase a home with no money down and an upfront fee that you can build into the loan.
- USDA Loans
USDA loans are only available for homes in eligible rural areas, though many houses near the suburban peripheries qualify as “rural” under the USDA’s definition. To qualify for a USDA loan, your household income cannot exceed 115% of the area’s median income.
USDA loans are an excellent option for qualified borrowers because they allow you to purchase a home with no money down. For some, the USDA program’s guarantee fees are less expensive than the mortgage insurance premium required for FHA loans.
Tacoma, WA Mortgage Lender
Are you looking to buy a new home in Tacoma, Washington? You owe it to yourself to consult with one of the home loan specialists at Capital Home Mortgage.
Home loans are not a one-size-fits-all product. This is why we conduct a needs-based analysis of your situation to recommend and offer the best possible home loan for your specific needs.
At Capital Home Mortgage, we strive to make home-buying an enjoyable experience for our clients and make a concerted effort to facilitate a smooth and more affordable home buying experience.
Find A Mortgage That Meets Your Needs
Capital Home Mortgage caters to all types of home buyers. Whether you are a first-timer looking for your dream home or an existing homeowner looking for investment properties, we have home loan products that will accommodate your needs, budget, and personal preferences.
You can count on our experienced and knowledgeable loan officers to provide you with sound advice, guidance, and insight so that you can feel more confident about your decisions.
Call us at (253) 528-4417 and get started on the path of homeownership!
Tacoma Mortgage Rates
Tacoma Real estate Market
Tacoma has experienced rapid population growth and economic expansion in recent years, driving demand for housing. The city’s vibrant job market, diverse economy, and quality of life have attracted newcomers across the country. The Tacoma real estate market has seen strong demand for homes, particularly in desirable neighborhoods and suburbs. Low mortgage rates, population growth, and a healthy economy have fueled this demand, leading to competitive bidding wars and rising prices.
Like many other major cities, Tacoma has experienced significant appreciation in home prices. Limited inventory and high demand have pushed prices upward, making it challenging for some buyers, especially first-time buyers or those on a tight budget, to enter the market.
Downtown Tacoma and surrounding urban neighborhoods have undergone revitalization, with new developments, entertainment venues, and amenities attracting residents and investors. Condominiums and townhomes in these areas appeal to buyers seeking a vibrant urban lifestyle.
Tacoma’s suburbs have also experienced substantial growth as residents seek more space, better schools, and a quieter lifestyle. Suburban areas like Franklin, Brentwood, and Hendersonville offer a wide range of housing options and have become increasingly popular among homebuyers.
A shortage of inventory has been a significant challenge in the Tacoma real estate market, contributing to its competitive nature and putting upward pressure on prices. Builders have been working to meet demand, but new construction has struggled with population growth.
Tacoma’s real estate market has attracted interest from investors looking to capitalize on the city’s growth and rental demand. Investment properties, including single-family homes, multi-family units, and short-term rentals, offer opportunities for rental income and long-term appreciation.
The Tacoma real estate market remains competitive and dynamic, offering opportunities for buyers, sellers, and investors alike.
Tacoma Home Mortgages
Capital Home Mortgage Tacoma is a comprehensive mortgage lender in Tacoma, providing a wide array of home loan options tailored to residents’ needs. Our offerings include Tacoma Purchase Home Loans, Tacoma Renovation Home Loans, Tacoma Construction Home Loans, Tacoma Manufactured Home Loans, Tacoma Rate and Term Refinance Home Loans, and Tacoma Cash-Out Home Loans.
Tacoma Purchase Mortgages
Capital Home Mortgage Tacoma is dedicated to offering Tacoma home buyers a complete line of Tacoma Home Purchase Loans. We understand that purchasing a a home can be stressful and is one of the biggest decision in most peoples lives. That is why we provide dedicated contacts to guide buyers through the home buying process while educating them on the different types of home loans. Our goal is to make the home buying experience quick and easy while helping buyers evaluate and make the best decision on the loan that fits their individual needs.
Tacoma REfinance Mortgages
Tacoma Rate and Term Refinance Home Loans are a type of refinance in which the borrower replaces the current mortgage with a new mortgage. A rate & term refinance aims to obtain better loan terms, such as a reduced interest rate, thereby lowering the monthly payment or a different loan duration to either lower the payments or shorten the mortgage term, which may or may not result in a lower monthly payment. Additionally, a rate and term refinance can convert from one loan program to another, possibly eliminating the need for mortgage insurance.
Tacoma Cash out Mortgages
Tacoma Cash-Out Refinance Home Loans differ from rate and term refinances in that they allow homeowners to borrow against the equity in their homes by refinancing their current mortgage for an amount greater than the existing loan balance. The homeowner receives the difference in cash or can use the funds to consolidate date that is paid at closing. The other main differences is that cash-out refinances have lower loan to value limits than rate and term refinances and can have slightly higher rates.
Tacoma Construction Mortgages
Tacoma One-Time Close Construction Home Loans are distinct from traditional construction home loans in combining the construction loan and the permanent mortgage into a single loan. This means you only have to go through the application and closing process once, saving time and money. A traditional construction home loan requires you to apply for a separate mortgage after the construction is completed. A One-time close loan can also be combined with other standard mortgage products, resulting in much smaller down payments.
Tacoma Renovation Mortgages
Want a new Tacoma home? Don’t want to purchase a home from a builder? Do you prefer an older home’s charm or a mature neighbourhood’s elegance? Or do you like the perfect location close to town? Making your dream home come true might be updating that older home. Capital Home Mortgage Tacoma offers all Tacoma Renovation Home Loans to make this happen. Simply put, we will handle and walk you through the complexities of a construction or rehab loan.
Tacoma Manufactured Mortgages
A Tacoma Manufactured Home is a residential structure built off-site in a factory setting, then transported to its permanent location and placed on a foundation. Modern manufactured houses can be quite sophisticated in design and can offer amenities similar to site-built homes. They can be single-wide, double-wide, or even larger, and they’re constructed using materials and techniques that meet stringent quality standards. Manufactured Homes are built on steel chassis which offer a quicker construction and cost advantages. Contact us today to learn about Tacoma Manufactured Home Loans.
Tacoma Home Purchase Mortgage Loans
Capital Home Mortgage Tacoma is a full-service Tacoma Mortgage Lender that offers a complete line of home loans. Whether you are a first-time purchaser seeking a Tacoma FHA Home Loan, looking for a rural property and needing a Tacoma USDA Home Loan, a Native Tennessean wanting to use the HUD 184 Tacoma Native American Home Loan, an active or retired veteran in need of a Tacoma VA Home Loan, wishing to purchase that dream home over conforming limits with a Tacoma Jumbo Home Loan, a seasoned buyer in need of a Tacoma Conventional Home Loan or looking for alternative financing with a Tacoma Non QM Home Loan we are here to assist.
Call today (239) 310-5599 to talk to one of our Tacoma Loan Officers.
Tacoma FHA Home Loans
A Tacoma FHA Home Mortgage is a mortgage insured by the Federal Housing Administration or “FHA” and issued by an FHA-approved lender. FHA loans are designed for low-to-moderate-income applicants and first-time homebuyers who need a smaller down payment. However, FHA home loans can be used by anyone. FHA home loans feature a low down payment, flexible credit score requirements, and the ability to use gift funds for down payments. Other eligibility requirements for a Tacoma FHA home loan are consistent employment history and documented income.
Tacoma VA Home Loans
A Tacoma VA Home Mortgage is an option for qualified veterans, active-duty service members, and select surviving spouses in Tennessee. These loans are made by private lenders but are guaranteed by the United States Department of Veterans Affairs, allowing for favorable terms such as no down payment and no private mortgage insurance (PMI). VA home loans are widely available, with competitive interest rates and liberal credit standards.
Tacoma USDA Home Loans
A Tacoma USDA Home Mortgage is a zero-down mortgage program the US Department of Agriculture (USDA) provides to assist low-to-moderate-income buyers. USDA home loans are classified into two types: USDA-Guaranteed and USDA-Direct. The USDA-Guaranteed Home Loan is made available by a private lender and guaranteed by the USDA, whereas the USDA-Direct home loan is made available directly by the USDA. To be eligible for USDA financing, the residence must be located in an approved rural area, and household income cannot exceed 115% of the median household income in your area for Guaranteed Loans.
Tacoma Native American Home Loans
A Tacoma Native American Mortgage, also known as a HUD 184 Home Loan, is a government mortgage loan specifically for registered Tennessee Native Americans. This loan offers more accessible credit qualifications and tribal grants and can be used to renovate the home along with the purchase.
Tacoma Conventional Home Loans
A Tacoma Conventional Home Mortgage adhere to Fannie Mae and Freddie Mac requirements. These loans can be used for primary residences, secondary and investment properties. Typical eligibility requirements include a minimum credit score of 620, a stable income, and a minimum down payment. Conventional Home Loans are called Conforming loans and have capped loan limits updated annually on January 1st based on the median selling price within a local area.
Tacoma Jumbo Home Loans
A Tacoma Jumbo Home Mortgage is a mortgage that exceeds the standard conventional loan limits. These loans are widely utilized to finance luxury properties and have grown in popularity as values have continued to increase. Jumbo loans frequently include fixed-rate durations such as 30-year and 15-year and adjustable-rate alternatives. Financing of up to $3,000,000 is offered at 90% with no PMI (Private Mortgage Insurance).
Tacoma Non Qualified Home Loans
A Tacoma Non-Qualified Mortgage, also known as a non-QM loan, is a form of mortgage loan that does not meet the government-sponsored enterprise (GSE) requirements for a qualified mortgage. Borrowers who fail to meet the tight standards of a qualifying mortgage, such as those with irregular income or a high debt-to-income ratio, are perfect candidates for this sort of loan.
Tacoma Reverse Home Loans
A Tacoma Reverse Mortgage, also known as a home equity conversion mortgage, is a type of loan available to homeowners typically aged 62 or older. It allows them to convert part of the equity in their home into cash. Unlike a traditional mortgage, where the borrower makes monthly payments to the lender, a reverse mortgage pays the homeowner either through a lump sum, monthly payments, or a line of credit.
Why Tacoma is Choosing Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Competitive Rates & Fees
Direct Lender with Complete Mortgage Programs
Exceptional Service
Customer Support Application to Final Payment
Tacoma Mortgage Company Reviews
Tacoma Mortgage Team
Tacoma Mortgage Programs
Tacoma Home Purchase loans
Looking to Purchase a Tacoma 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
- Competitive Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
Tacoma Renovation Home Loans
Looking to Rehab a Tacoma 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
Tacoma FHA Home loans
Great 1st Time Tacoma 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
Tacoma va Home Loans
100% Financing for Tacoma 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
Tacoma Conventional Home loans
Flexibility for Tacoma 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
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
Tacoma Jumbo Home Loans
Tacoma 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
Tacoma USDA Home loans
100% Rural Tacoma 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
Tacoma Native american Home Loans
Tacoma 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
Tacoma Manufactured Home loans
Great Alternative Tacoma 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
Tacoma Reverse Mortgage Loans
Your Tacoma 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
Tacoma Non QM Home loans
Making Tacoma 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
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
Tacoma One Time Close Home Loans
Build Your Tacoma 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
Tacoma Refinance Mortgage loans
Tacoma Rate & Term Refinance
Refinancing can be a hard decision and may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor for details.
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Tacoma Cashout Mortgage Loans
Tacoma Equity Mortgage Loans
Cash-Out Mortgage Loans make use of the equity in your home. Refinancing may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor.
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
Washington Cities
State Specific Mortgage Information
