Sammamish Mortgage - Bellevue Mortgage Company

The quality and volume of loans we have originated over the years has enabled us to form great relationships with our lending sources, resulting in premium pricing, which we are able to pass on to you the consumer. We do not have a team of loan officers that require us to pay out large commissions, but instead have a core group of loan professionals that do not receive additional compensation for placing our clients into higher rate loans like many of our competitors.

When you show no points, does that also mean no origination fees and/or mortgage broker fees?

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Yes. At Sammamish Mortgage you will find that anytime we offer or advertise no points, it assumes no origination fees as well as no mortgage broker fees. Many banks, credit unions and mortgage companies will advertise 0 points only to disclose later in the loan process that there is a minimum 1% origination fee added to the loan. We feel that this is a deceptive practice and although it is legal, we feel strongly that it should not be allowed.

Do you guarantee your closing costs?

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Yes. At the time of your pre-approval, we can guarantee all the fees associated with your loan. The only exception to this may be caused by your appraised value. Your costs may change if your appraised value comes in lower than expected or if you decide to change your loan amount, as your loan to value is a key factor in pricing your loan.

Is there a cost or obligation for completing an application

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There's no cost for completing an application and getting your loan pre-approved. Upon receiving your preapproval, you will be given an opportunity to lock your rate. When you decide to lock in an interest rate, we will require a credit card to order an appraisal. The cost of the appraisal is generally between $350 and $550 depending on your area, loan size and specifics of your particular property.

Does Sammamish Mortgage charge a fee to lock?

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We do not charge a fee to lock in an interest rate; however, when you decide to lock in an interest rate we will require a credit card to order an appraisal. The cost of the appraisal is generally between $350 and $550 depending on your area, loan size and specifics of your particular property.

Should I submit an application even if I haven’t found a property?

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We recommend that you submit an application and get pre-approved before you begin your property search. This will give you a clear idea of what price, rates and loan types you will qualify for. Since we do not charge a fee for a pre-approval, there is no risk to you

How can Sammamish Mortgage handle my loan if I am not in your area?

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Technology has enabled us the ability to work seamlessly with our clients that do not live within the vicinity of our office. For the majority of our clients, face to face meetings are not necessary; however, if you would like to meet us in person, you can always schedule an appointment to visit us at our office in Bellevue, WA.

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