* $800,000 | 30-Yr-fixed | Credit Score 800+ | 25% Down Payment
Gig Harbor, WA, is a charming waterfront community known for its historic downtown, marina lifestyle, and stunning views of the Puget Sound. Just across the Narrows Bridge from Tacoma, it offers the perfect blend of small-town atmosphere and modern conveniences. Whether you are looking to purchase a home, refinance your current mortgage, or explore loan options, Sammamish Mortgage is here to provide expert guidance and competitive financing solutions tailored to your needs.
Real estate in Gig Harbor is highly sought after, with a mix of historic homes, waterfront estates, and newer suburban developments. The city’s proximity to Tacoma and Seattle makes it a desirable location for those who want easy access to urban amenities while enjoying a more relaxed lifestyle. Homebuyers are drawn to the area for its top-rated schools, outdoor recreational opportunities, and thriving local economy.
The housing market in Gig Harbor can be competitive, making it essential to secure the right financing early in the homebuying process. Whether you’re looking for a conventional mortgage, FHA loan, VA loan, or a jumbo loan for a high-value property, our team at Sammamish Mortgage will help you find the best loan program to fit your financial goals.
Refinancing can be a great option for homeowners looking to lower their interest rate, reduce their monthly mortgage payments, or tap into home equity for renovations or other financial needs. With current mortgage rates fluctuating, it’s important to evaluate your options and determine if refinancing is the right move for you. Our experienced loan officers are available to guide you through the refinancing process and help you secure the best possible terms.
With decades of experience in the Pacific Northwest mortgage industry, Sammamish Mortgage is a trusted partner for homebuyers and homeowners in Gig Harbor. Our commitment to customer service, competitive mortgage rates, and a seamless loan process sets us apart. We offer a user-friendly online platform that allows you to apply for a mortgage, upload necessary documents, and track your loan progress with ease.
Our team understands the Gig Harbor real estate market and works closely with borrowers to provide personalized loan solutions. Whether you are purchasing a waterfront home, moving to the suburbs, or refinancing to a better rate, we are here to support you every step of the way.
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 Gig Harbor 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.
Common options include conventional conforming loans, jumbo loans (for higher loan amounts), FHA loans, VA loans (for eligible veterans and service members), and USDA loans (if the property is in an eligible rural area). Availability and terms depend on borrower qualifications and the property.
Mortgage rates change daily and vary by credit score, loan type, down payment, occupancy, and lock period. The most reliable way is to request a same-day quote based on your scenario and ask whether the rate includes points or lender credits.
Key factors include credit score, loan-to-value (down payment/equity), debt-to-income ratio, property type (single-family vs condo), occupancy (primary vs investment), loan program (conventional/FHA/VA), and whether you pay discount points.
Refinancing may make sense to reduce the interest rate, change the loan term (e.g., 30-year to 15-year), switch from an adjustable-rate to a fixed-rate loan, remove mortgage insurance (when eligible), or access equity via a cash-out refinance—subject to program rules and pricing.
FHA loans can be helpful for borrowers with lower down payments or less-than-perfect credit, but they include mortgage insurance costs and must meet FHA appraisal and property standards. Comparing FHA to conventional options is important to determine the best fit.
VA loans can offer competitive rates, no monthly mortgage insurance, and flexible underwriting. Borrowers may pay a VA funding fee unless exempt, and eligibility is based on service requirements and a Certificate of Eligibility (COE).
A jumbo loan is a mortgage that exceeds the conforming loan limit for the county. In higher-priced markets, a jumbo loan may be needed for certain home prices. Jumbo loans often have stricter credit, reserve, and down payment requirements than conforming loans.
Getting preapproved before home shopping is strongly recommended, especially in competitive markets. A full preapproval (with income, assets, and credit reviewed) is generally stronger than a basic prequalification.
Common documents include recent pay stubs, W-2s or tax returns (for self-employed or other income types), bank/asset statements, photo ID, and authorization to pull credit. Additional documentation may be required depending on the loan program and income type.
A rate lock secures a specific interest rate for a set period while the loan is processed, helping protect against rate increases. Floating means you do not lock immediately and accept market changes until you choose to lock, which can be beneficial or risky depending on rate movements.
Whether you’re buying a home or ready to refinance, our professionals can help.
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