* $800,000 | 30-Yr-fixed | Credit Score 800+ | 25% Down Payment
When it comes to finding your dream home in the heart of Seattle, we’re your guiding light. At Sammamish Mortgage, we’ve been assisting the vibrant community of Seattle in achieving their home ownership goals. From the historic Pike Place Market to the stunning views of Mount Rainier, we understand the unique charm of this city and can guide you through every step of the mortgage process.
Navigating Seattle’s real estate market? It’s essential to be aware that mortgage rates in our beautiful Emerald City can fluctuate based on several factors:
To ensure you secure the most favorable mortgage rate in Seattle, it’s vital to partner with a lender that prioritizes transparency. This approach ensures that our clients receive recommendations tailored to their unique needs, rather than being pushed towards larger loans.
From modern condos overlooking the Puget Sound to classic craftsman homes nestled in vibrant neighborhoods, Seattle offers a diverse housing landscape.
Seattle’s dynamic housing market offers a variety of loan programs tailored to meet the needs of its diverse community of borrowers. Whether you’re a first-time homebuyer or looking to refinance, we have a solution for you.
To get a great mortgage rate, look for a lender who is transparent about their fees. This helps home buyers get the most effective loans for their specific situations, not the biggest loans.
There are many different types of real estate loans available for Seattle 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.
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.
Most buyers put down 20%, but many lenders accept as little as 3–5% down depending on the loan program, especially for first-time home buyers.
A minimum credit score of 620 is common for conventional mortgages, though FHA loans may accept scores as low as 580.
Your borrowing amount depends on your income, debts, credit score, and down payment. Seattle’s high home prices may require jumbo loans for some buyers.
A jumbo loan is a mortgage that exceeds conforming loan limits. In Seattle, you may need a jumbo loan for homes above roughly $$1,037,300 (as of 2025).
Mortgage pre-approval can take a few days, but full mortgage approval and closing usually take 30 to 45 days.
Common documents include pay stubs, tax returns, W-2s, bank statements, and proof of assets.
If your down payment is less than 20%, you’ll need PMI on a conventional loan.
Yes, self-employed borrowers can get mortgages in Seattle, but extra documentation will be needed, such as two years of tax returns and profit/loss statements.
You can find conventional, FHA, VA, USDA, and jumbo loans in Seattle.
Yes, you can buy a condo with a home loan in Seattle, but some lenders have additional requirements for condos, such as minimum owner-occupancy rates.
An earnest money deposit shows that you’re serious about buying; it’s common in Seattle and usually 1–3% of the purchase price.
Yes, refinancing is available and can help you secure better rates or terms if your financial situation improves.
Work with a local and experienced mortgage company in Seattle. Sammamish Mortgage offers several mortgage programs in the city, and provides perks such as in-house underwriting and $1 lender fees.
Whether you’re buying a home or ready to refinance, our professionals can help.
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