According to a recent report by Mortgage Bankers Association (MBA), access to jumbo mortgage loan financing has increased during the summer of 2018. In and around Seattle, jumbo loans have become an increasingly popular financing method due to steadily rising…
FHA loans are a popular financing option among home buyers in Washington and Oregon, two of the states we serve. In fact, first-time home buyers account for more than 80% of all FHA loan originations in the current mortgage market.…
With its large military population, Washington State sees its fair share of VA loans. In fact, a recent report showed that Pierce County, Washington was #7 in the country for VA loan usage (among thousands of counties nationwide). It's a…
Earlier this week, we published an article about how Pierce County, Washington is one of the top ten counties in the U.S. for VA loan volume. In a recent report by the Department of Veterans Affairs, Pierce County was ranked…
According to a recent report published by the U.S. Department of Veterans Affairs (VA), Pierce County, Washington is one of the top-ten counties in the country for VA loans. Pierce County appeared at #7 on the department's list of top…
A House resolution that was signed into law in 2016 could make it easier to buy a condo in Seattle with an FHA loan. That is, if HUD actually implements those rule changes. It seems there have been some delays.…
We've written in the past about the expansion of low-down-payment mortgage programs for borrowers in Washington and Oregon. In recent years, policy changes made by Fannie Mae and Freddie Mac have enabled more home buyers to purchase a home with…
The home buying process in Washington State is generally the same for borrowers using a VA-guaranteed home loan, and those who are using a conventional mortgage. But there are a few minor variations. Here's an overview of the home buying…
This article explains how VA loan entitlements work for home buyers in Washington State and Oregon, our main service areas. Specifically, it explains why the actual loan amount could be several times larger than the "entitlement" figure shown in the…
Sammamish Mortgage currently offers high-balance mortgage loans in Washington State, regardless of the county. As of 2018, these loans typically go as high as $679,650. They are well suited for borrowers in higher-priced markets who want to avoid the tighter…