* $800,000 | 30-Yr-fixed | Credit Score 800+ | 25% Down Payment
Starting the journey to owning a home in Yakima, WA, is both exciting and meaningful. At Sammamish Mortgage, we’ve proudly supported Yakima residents in achieving their home goals for over three decades. From the vibrant downtown to family-friendly neighborhoods, our deep local insights make navigating the mortgage landscape simpler for you.
Monitoring current mortgage rates is essential in Yakima’s ever-changing housing market. A range of factors can impact your mortgage rate, including:
Securing the most affordable mortgage rate in Yakima involves partnering with a lender dedicated to transparency and customer care. Our Mortgage Advisors have, on average, more than 15 years of experience and work, ensuring you receive guidance uniquely suited to your financial goals.
From quaint craftsman houses to sleek, urban condos with scenic views, Yakima has a broad spectrum of homes. Whether you’re a new homebuyer or a seasoned investor, the city offers a wealth of options to match any lifestyle.
Yakima’s diverse community benefits from a variety of mortgage programs to fit different needs. Whether buying your first home, refinancing, or investing in real estate, 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 Yakima 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.
VA loans offer zero down payments for veterans, active-duty service members, and certain military spouses.
Yes, FHA loans come with down payments as little as 3.5% for those with a credit score of 580 or higher. Conventional loans allow down payments as low as 3% for those who meet minimum eligibility criteria.
Common loan options include conventional loans, FHA loans, VA loans, and jumbo loans. The right choice depends on your budget, goals, and long-term plans.
When applying for a mortgage, mistakes to avoid include changing jobs, taking on more debt, maxing out your credit cards, and skipping pre-approval. Working with an experienced lender can help you avoid these issues.
Getting pre-approved for a mortgage can help you pinpoint your budget, demonstrate your qualifications to sellers, and speed up final mortgage approval.
Fixed-rate mortgages have stable payments; adjustable-rate mortgages may start lower but can fluctuate.
To get pre-approved, submit income, credit, and debt information to your mortgage lender for a conditional approval amount.
You typically need a credit score of 620+ for conventional loans; FHA allows scores as low as 500 with a larger down payment.
Your payment is influences by factors such as interest rate, loan amount, property taxes, and insurance.
Sammamish Mortgage offers several perks, including $1 lender fees, competitive interest rates from 20+ lenders, in-house underwriting, and hundreds of 5-star reviews from satisfied clients.
Whether you’re buying a home or ready to refinance, our professionals can help.
{hours_open} - {hours_closed} Pacific
No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.
