wa state

FHA loans are one of the most popular mortgage options among home buyers in the state of Washington, second only to conventional home loans. The FHA mortgage insurance program offers a number of benefits for borrowers, including a down payment as low as 3.5%. In this guide, we will explore the FHA loan down payment rules and requirements for borrowers in Washington. This will help you make a more informed decision about which type of loan you want to use.'

Will the rest of 2024 be a good time to refinance a home in the state of Washington? Can homeowners benefit from the drop in mortgage rates that occurred at the end of 2023? Those are two of the frequently asked questions we'll be addressing in this mortgage market update for 2024. '

As a Seattle-area mortgage company, we do our best to educate local home buyers about their different mortgage options. To continue that tradition, we've created an FHA loan fact sheet for borrowers in the state of Washington.'

In 2024, home buyers in Washington could enjoy lower mortgage rates than last year (on average), along with higher loan limits for FHA and conventional loans. Those are just two of the Washington mortgage trends you should know about in 2024, if you're planning to buy or refinance a home. So let's take a closer look at these trends and what they might mean for borrowers in 2024.'

Surveys have shown there are many myths, misconceptions and misunderstandings surrounding VA loans. Some people who are well-qualified for the VA loan program, and could benefit from it, might be reluctant to apply due to misinformation. As a Washington-based mortgage company that specializes in VA loans, we do our best to educate military members and veterans about their mortgage-related benefits. So today, we will "debunk" seven of the most common myths relating to VA loans in the state of Washington.'

What's the average VA loan amount in the state of Washington? How many VA loans are processed and closed in Washington each year, and how does that compare to the rest of the nation? These are just a few of the questions we can answer by reviewing a recent VA loan usage report published by the U.S. Department of Veterans Affairs, summarizing the previous 12 months.'