* $800,000 | 30-Yr-fixed | Credit Score 800+ | 25% Down Payment
Kennewick, WA, is a thriving city in the heart of the Tri-Cities, known for its sunny climate, scenic river views, and growing economy. Whether you’re a first-time homebuyer, upgrading, or looking to invest in property, Sammamish Mortgage offers personalized solutions to help you navigate Kennewick’s dynamic real estate market.
Understanding the factors that affect mortgage rates can help you secure the best deal:
Our mortgage advisors will guide you through these factors to find the ideal rate for your situation.
With over 30 years of experience, our team is dedicated to providing personalized mortgage advice and competitive rates. We prioritize transparency, customer service, and efficiency to help you achieve your homeownership goals.
Kennewick offers a diverse range of housing options, from new suburban developments to charming riverfront properties. The city’s affordable living, excellent schools, and vibrant community make it a desirable place to call home.
We provide a wide selection of loan options to meet your needs:
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 Kennewick 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.
In Kennewick, WA, loan programs available include conventional mortgages, FHA loans, VA loans, jumbo loans, fixed-rate mortgages, and adjustable-rate mortgages (ARMs).
Qualifying for a mortgage in Kennewick typically requires a good credit score (generally 620 or higher), stable income, a low debt-to-income ratio, and a sufficient down payment.
Loan amounts depend on your income, credit score, and property value, but typically, lenders in Kennewick offer up to 97% of the home’s purchase price, depending on the specific loan program.
A credit score of 620 or higher is generally required for a conventional loan. FHA loans may accept scores as low as 500, though you’ll need a score of at least 580 to get approved for a 3.5% down payment.
The process involves pre-approval, property selection, loan application submission, appraisal, underwriting, and closing. Working with a local lender can streamline this process.
A strong housing market can lead to competitive rates and quicker approval times, while market fluctuations may influence loan terms and property values.
Improve your credit score, reduce existing debts, save for a larger down payment, and maintain stable employment to enhance your approval prospects.
Compare interest rates, loan terms, customer reviews, lender reputation, and additional fees to find the best fit for your financial situation.
Sammamish Mortgage offers several perks, including $1 lender fees, competitive rates from more than 20 lenders, and in-house underwriting for faster approvals.
Whether you’re buying a home or ready to refinance, our professionals can help.
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