Home Loan Solutions in Washington
Washington, the 42nd state to join the Union, is known for it's largest city, Seattle, its massive lumber industry, and its combination of volcanic mountains, temperate rainforests, and fertile agricultural areas. All of that combines to make Washington a particularly popular place to buy a home -- and fortunately, our state-based team of home financing experts is ready and waiting to help teach you about every aspect of the home buying process in the Evergreen State. In Washington, the current median home listing price is $359,000, which is nearly $100,000 higher than the nationwide median home listing price of $261,500.
Some of the priciest places to live in Washington include Mercer Island, with a median home value of $1,548,334, and Sammamish, with a median home listing price of $1,027,995. Seattle is also pretty expensive, with a median home listing price $699,950. In comparison, there are relatively affordable areas. Take Clarkston, which as a median home listing price $244,500, and Spokane, with a median home listing price of $219,900.
The home.loans squad is here to empower you to buy the home of your dreams. Whether you're a first time home buyer who just wants to understand the basics, someone interested in utilizing a VA, FHA, or USDA loan, or someone who wants to tap the equity in their home to take care of their expenses, we can't wait to help educate you about each and every part of the home purchase process.
Best Washington Mortgage Lender: Fairway Independent Mortgage Corporation
A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for conventional, FHA, and VA financing across the country. Home buyers will agree that it’s actually pretty easy to find a Fairway location when its time to get a home loan. Beyond that, their customer service is well known to be top notch.
Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage transaction, as well as facilitating a faster closing.
Fairway may very well be the best option for first time home buyers on this list. Their attention to detail and completely transparent methodology is perfect for obtaining a mortgage loan at a great rate in a stress-free environment.
Best Washington Mortgage Refinance Lender: Axia Home Loans
A company after our own hearts, Axia Home Loans operates on the basis of educating the home buyers who choose them both before and during the refinance process. According to them, A comfortable closing is their goal.
Closings, of course, can be a rough time for any home buyer, but the specialists at Axia are more than capable of creating an environment where the homeowner is confident and ready to for anything. Axia’s loan officers specialize in customer satisfaction, so at no point should a homeowner ever feel as though they have no one to turn to.
User reviews show that past clients are mostly impressed by the companies dedication to providing excellent service and advice to its client base. The level of knowledge and determination will surely be more than capable of getting even the most difficult home loan refinance transactions closed.
Best Washington FHA Mortgage Lender: TILA Mortgage
A lender willing to take on the name of one of the most beneficial consumer protection acts ever written has to be able to back up that confidence with its actions. Luckily, TILA mortgage doesn’t disappoint.
Based in the Northwest, TILA has a reputation when it comes to mortgage transparency. But beyond making sure the borrower understands all aspects of a mortgage loan, it is equally as important to them to actually ensure that their client gets the right mortgage loan first.
To that end, The team over at TILA Mortgage puts the customers needs first and works hard to get borrowers a mortgage that is just the right fit. They are a great example of diligence and truth in lending.
Best Washington VA Mortgage Lender: Bay Equity Home Loans
Bay Equity Home Loans was founded back in 2007 as a full-service mortgage lender, with an extra emphasis on service. With locations across 32 states, the company is still growing to this day, thanks to their fierce dedication to their trade.
For a family owned and operated company, their popularity among the home buyers in the states that they are located is immense. They are deeply passionate about providing affordable mortgage solutions, with an exceptional focus on FHA loans and VA financing. As a matter of fact, a portion of their proceeds from every FHA or VA loan that they service is donated to the Warrior Foundation-Freedom Station.
The high-quality customer service and drive to secure low rates and comfortable loan terms will no doubt put Bay Equity Home Loans at the very top of the mortgage lender food chain some day. For now, home buyers would be wise to check them out and see why they consistently rake in such killer reviews!
Best Washington Home Equity Lender: J P Morgan Chase Bank
Chase Bank is a big name both in and out of the home finance industry. Throughout the region, Chase is highly commended by previous clients as being an incredible mortgage lender, who gets the job done as advertised.
Chase has countless years of experience with and an impressive volume of home equity lines of credit originated under its belt. Home buyers can expect personalized service and readily available advisers while working with the financial giant, and stress free second mortgage financing with some of the best rates on the market.
While chase doesn’t offer home equity loans, it does give borrowers one of the most widely used HELOC products in the country. Chase’s HELOC comes with a variable interest rate that can be locked in at any time by the borrower, a draw period of 10 years, and allows borrowers a term of up to 20 years for their repayment period.
Eligibility for their HELOC product is extended to borrowers with credit scores of at least 680. A HELOC from Chase has a maximum LTV of 80%.
Shop Around Before You Get a Washington Home Loan
Our picks for the best mortgage lenders in Washington may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!