For buyers who are purchasing a "fixer-upper" home in Washington State, financing can sometimes be a challenge. That's because many home buyers in this situation actually need two kinds of loans -- one to purchase the property, and one to…
Conventional loan limits for the Seattle metro area might go up in 2019, due to significant home-price gains that have occurred over the last year. Currently, the conforming loan limit for Seattle (and all of King County) is $592,250. But…
Washington State has a fairly large military population. That means there are many home buyers in the state who could benefit from using a VA loan. One of the benefits of this program is that it allows sellers to contribute…
We've written in the past how policy changes at Freddie Mac and Fannie Mae have made conventional home loans more competitive with FHA loans, especially when it comes to down payments. Loan origination data from the first quarter of 2018…
Once every quarter, the Department of Housing and Urban Development (HUD) creates a report for Congress that shows how the FHA loan program is doing in several key areas. Their latest report, published back in June, showed that FHA borrowers…
A report published this summer by the Department of Housing and Urban Development revealed the average credit score for borrowers using an FHA loan. Home buyers who used the FHA loan program in Washington and Oregon (our primary service area)…
Washington is one of the top seven states in the country when it comes to military population. That means there are a lot of military folks in the state who could benefit from using a VA loan to buy a…
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…