* $800,000 | 30-Yr-fixed | Credit Score 800+ | 25% Down Payment
Owning a home in Spokane, WA, is a significant milestone, and we’re here to make your journey as smooth as possible. At Sammamish Mortgage we’ve been dedicated to helping the Spokane community achieve their homeownership dreams for over 30 years. From the scenic Riverfront Park to the historic neighborhoods, we understand the unique appeal of Spokane and are here to assist you in every aspect of the mortgage process.
Staying informed about the latest mortgage rates is crucial in Spokane’s real estate market. These rates can vary due to a range of factors, such as:
To secure a great mortgage rate in Spokane, it’s important to collaborate with a lender that values both transparency and customer-centric service. Our Mortgage Advisors average over 15 years of experience, committed to providing you with personalized advice based on your financial situation.
Spokane boasts a diverse housing market, offering everything from historic bungalows to modern downtown apartments. Whether you’re a first-time homebuyer or looking to invest, Spokane provides a wealth of opportunities.
Spokane’s varied community necessitates a suite of loan programs designed to meet its unique needs. Whether you’re a first-time homebuyer, looking to refinance, or exploring investment properties, we have a mortgage solution tailored 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 Spokane 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.
Mortgage rates in the Spokane area can fluctuate daily, and sometimes even multiple times within one day.
The 30-year fixed-rate mortgage is generally the most popular loan term among Spokane homebuyers.
A higher credit score typically qualifies a borrower for a lower and more favorable mortgage interest rate.
A mortgage point is an upfront fee equal to one percent of the loan amount that can be paid to reduce the interest rate.
FHA loans, which have flexible credit and down payment requirements, are readily available to qualified buyers in Spokane.
The conforming loan limit for Spokane County is the standard baseline limit for Washington state, as it is not considered a high-cost area.
Yes, a 15-year fixed-rate mortgage typically offers a lower interest rate compared to a 30-year fixed-rate mortgage.
Making a larger down payment reduces the lender’s risk, which often results in being offered a lower interest rate.
ARMs are available in Spokane and can offer a lower introductory interest rate for an initial fixed period.
Yes, investment properties or multi-unit dwellings generally have slightly higher mortgage rates than a primary residence.
Lenders check your DTI ratio to ensure you can manage the monthly payments, and a lower ratio can help secure a better rate.
A rate lock is a commitment from the lender to secure a specific interest rate for a set period during the loan process.
Yes, Sammamish Mortgage allows borrowers to see live mortgage rates and get accurate estimates tailored to your needs, with no sign-up or personal details needed.
Whether you’re buying a home or ready to refinance, our professionals can help.
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