* $800,000 | 30-Yr-fixed | Credit Score 800+ | 25% Down Payment
Embarking on the journey to homeownership in Everett, WA, is both thrilling and significant. At Sammamish Mortgage, we’ve been assisting the wonderful people of Everett in fulfilling their property aspirations for over 30 years. From the bustling waterfront to the family-oriented neighborhoods, we have in-depth local knowledge to guide you through the mortgage maze.
Keeping an eye on mortgage rates is crucial when entering Everett’s ever-evolving real estate market. Your mortgage rate can be influenced by a variety of factors, including:
Finding a transparent mortgage rate in Everett requires working with a lender that champions both transparency and customer focus. Our Mortgage Advisors are professionals with an average of over 15 years of experience, ensuring that you get personalized advice tailored to your unique financial situation.
Everett offers a diverse array of housing options, from charming craftsman homes to modern downtown condos overlooking the Puget Sound. Whether you’re a first-time homebuyer or looking to invest, Everett provides a rich tapestry of choices.
Everett’s dynamic community requires a range of loan programs to suit its residents. Whether you’re a first-time buyer, considering refinancing, or exploring investment properties, we have the right mortgage solution for you.
Securing a great mortgage rate isn’t just about numbers—it’s about transparency and trust. A reliable lender will clearly outline all fees and terms so you know exactly what you’re committing to.
At Sammamish Mortgage, our goal is to match you with the loan that best fits your financial situation, not simply the largest loan available. With personalized service and decades of experience, we ensure you get the right mortgage solution for your needs.
There are many different types of real estate loans available for Everett borrowers.
A 30-year fixed-rate loan is one of the most popular types of mortgages, since it lets you spread out the cost of buying a home in Washington for a reasonable monthly mortgage payment.
A 15-year fixed-rate mortgage features a fixed interest rate and consistent payments over a 15-year term.
ARMs are loans where the interest rate starts low and adjusts periodically based on market conditions.
VA loans are designed for veterans, service members, and surviving military spouses. Qualifying borrowers can get a home loan with no down payment.
FHA loans are designed for low-income or first-time home buyers who may not have perfect credit or a big down payment. You can achieve home ownership sooner than you think.
Jumbo loans can help qualify you to buy a home in a more expensive part of the country, even if the price of the home is higher than conventional loan limits.
Bridge loans refers to short-term financing that helps cover costs until long-term funding or a property sale is finalized.
Self-employment mortgages are designed for borrowers who earn income through business ownership or freelance work.
Bank statement loans use bank deposits as proof of income instead of traditional tax documents.
Asset-based loans are a type of financing that is secured by personal or business assets rather than just income or credit score.
DSCR loans are a type of investment property loans approved based on the property’s debt service coverage ratio rather than personal income.
1099-only loans are tailored for independent contractors who verify income solely through 1099 forms.
First-time buyer programs are Special loan options offering lower down payments or incentives for new homeowners.
Investment loans are a type of financing designed for purchasing rental properties or real estate intended to generate income.
Second home mortgages are designed for buyers looking to purchase a vacation property or secondary residence.
A Cash Buyer Program lets homebuyers make an offer without the usual financing contingencies required with traditional mortgages. With the Sammamish Mortgage Cash Offer Program, buyers can take ownership immediately and avoid the risk of paying high excise taxes that may apply when a title is transferred from a third-party purchaser.
Key factors include broader market interest rates, your credit score and history, loan type (conventional/FHA/VA), down payment amount, points/fees, loan term, and the specific lender’s pricing and overlays.
No. Even when market rates are similar, lenders can price differently due to margins, risk adjustments, and lender-specific fees, which can change the APR and total borrowing cost.
A larger down payment can reduce lender risk and may improve pricing. For conventional loans, it can also affect whether private mortgage insurance (PMI) is required and how expensive it is.
Higher credit scores generally qualify for better pricing. Lower scores can trigger pricing adjustments, higher PMI costs (if applicable), or reduced program options.
The interest rate is the cost of borrowing expressed as a percentage. APR includes certain finance charges and lender fees, providing a broader measure of the loan’s cost.
Fixed-rate loans offer payment stability. ARMs can start with lower introductory rates but may adjust later. The right choice depends on how long you plan to keep the loan and your risk tolerance.
Most lenders offer rate locks for a set period (commonly 15–60 days, sometimes longer). Longer locks can cost more. Lock terms depend on the lender and closing timeline.
Compare lender fees (origination/underwriting), points (if any), third-party fees (appraisal, title, escrow), and prepaid items (taxes/insurance). Comparing Loan Estimates helps standardize this review.
They can. FHA and VA pricing often differs from conventional due to program structure, mortgage insurance (FHA), and guaranty features (VA). The best option depends on eligibility and total monthly/payment cost.
Refinancing replaces your current mortgage with a new one, potentially to lower the rate, change the term, or access cash-out (if eligible). It makes sense when the long-term savings outweigh closing costs and fits your goals.
Whether you’re buying a home or ready to refinance, our professionals can help.
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