* $800,000 | 30-Yr-fixed | Credit Score 800+ | 25% Down Payment
Owning a home in Tacoma, WA, is a significant life event, and we’re here to make the process as seamless as possible. At Sammamish Mortgage, we’ve been helping Tacoma residents realize their homeownership goals for over three decades. From the vibrant arts scene to the picturesque waterfront, we understand the unique charm of Tacoma and are committed to guiding you through every aspect of the mortgage process.
Understanding the current mortgage rates is essential when navigating Tacoma’s diverse real estate market. These rates can be influenced by multiple factors, including:
To lock in the mortgage rate in Tacoma, it’s crucial to work with a lender that values transparency and personalized service. Our Mortgage Advisors average over 15 years of experience, ensuring you receive advice tailored to your unique financial needs.
Tacoma offers a wide array of housing options, from historic Victorian homes to modern condos near the city center. Whether you’re a first-time homebuyer or looking to invest, Tacoma has something for everyone.
Tacoma’s multifaceted community requires a variety of loan programs to meet its unique needs. Whether you’re a first-time buyer, interested in refinancing, or exploring investment properties, we have a mortgage solution designed just 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 Tacoma 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.
Washington residents can access various mortgage types, including conventional loans, FHA loans, VA loans, and jumbo loans.
Qualifying typically requires a good credit score, stable income, a low debt-to-income ratio, and a sufficient down payment.
VA loans offer Washington veterans competitive interest rates, no down payment, and no private mortgage insurance (PMI).
Closing costs generally range from 2% to 5% of the purchase price and include fees for appraisal, title, and lender services.
Higher credit scores improve approval chances and can secure better interest rates. Most mortgage lenders in Washington prefer scores above 620.
The process includes pre-approval, house shopping, loan application, processing, underwriting, and closing.
Yes, homeowners can refinance to lower interest rates, change loan terms, or access equity through various refinancing options.
Jumbo mortgages exceed conforming loan limits and are available in Washington for higher-priced homes.
Avoid making large new purchases, opening new credit accounts, or changing jobs during the mortgage approval process.
Most lenders require a minimum credit score of 620 for conventional loans in Washington, but higher scores improve approval odds and rates.
The “Big 6” mortgage lenders in the US are United Wholesale Mortgage, Rocket Mortgage, CrossCountry Mortgage, Bank of America, Navy Federal Credit Union, and Loan Depot. That said, working with a local lender, like Sammamish Mortgage, comes with distinct benefits, like personalized service, faster communication, and deep knowledge of your area’s housing market to help you secure the best loan for your needs.
It depends, though mortgage lenders may provide more competitive rates and faster processes compared to banks.
Typically, lenders with flexible qualification criteria and personalized service make it easier to secure a mortgage. Sammamish Mortgage will work with you and your circumstances to help you get the mortgage you need to finance a home purchase.
The best mortgage lender varies by individual needs, but reputable options include Sammamish Mortgage, which boasts strong customer reviews.
Whether you’re buying a home or ready to refinance, our professionals can help.
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