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 $679,250. They are well suited for borrowers in higher-priced markets who want to avoid the tighter…
The FHA home loan program is a popular financing option among borrowers in Washington and Oregon , our primary area of operation. This program offers the advantage of a relatively low down payment along with flexible qualification criteria. Most borrowers…
Summary: Borrowers in Washington and Oregon who use the VA loan program typically have to pay a funding fee. For borrowers who choose not to make a down payment, this fee typically ranges from 2.15% to 3.3% of the loan…
In 2018, the FHA loan limit for Portland, Oregon is $448,500 for a single-family property. The median home value in the city is now catching up to that figure. Federal Housing Administration (FHA) home loans are a popular financing option…
The Tidewater process is an extra step that sometimes occurs with VA home appraisals. It is used in cases where the property appraises below the contract purchase price. Tidewater gives the VA-approved appraiser a way to request additional information that…
With home prices rising steadily in Portland, Oregon, more and more home buyers are turning to jumbo loans to finance their purchase. But what's considered a jumbo loan in Portland, in 2018? And how do they differ from "regular" mortgages.…
The 30-year fixed-rate mortgage loan is still the most popular financing option among home buyers and homeowners in Washington State. But recent reports show that the adjustable-rate mortgage (ARM) loan has risen in popularity during the first three months of…
The VA home loan program offers unique benefits to eligible home buyers in Washington State. VA loans allow qualified military members and veterans to buy a house in Washington with no money down, and often without mortgage insurance. Additionally, it's…
The Federal Housing Administration (FHA) mortgage loan program has been helping home buyers become homeowners for decades. FHA loans are particularly popular among first-time buyers in Washington, because the program allows for a relatively low down payment of 3.5%. One…
Summary: Under current HUD guidelines, sellers can pay money toward a home buyer's closing costs, when an FHA loan is being used. These seller contributions are typically limited to 6% of the purchase price. FHA loans are a popular mortgage…