The Best Mortgage Lenders in Aberdeen, WA
Compare verified mortgage lenders serving Aberdeen, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Aberdeen
Featured Mortgage Lenders
Harbor Mortgage
Harbor Mortgage Inc.
Harbor Mortgage is a locally-owned and operated mortgage broker that has been serving Aberdeen and Grays Harbor County for over two decades. They are highly rated for their personalized service, deep local market knowledge, and ability to secure competitive rates for a variety of loan types. Their team provides one-on-one guidance, making them a trusted choice for first-time homebuyers and refinancing clients alike.
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Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a nationally recognized mortgage lender with a strong regional presence in Washington, including service to Aberdeen. They are praised for their efficient digital mortgage process, competitive rates, and extensive loan options. With numerous industry awards and high customer satisfaction scores, Caliber is known for its reliability and support throughout the home financing journey.
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New American Funding
New American Funding
New American Funding is a top-rated mortgage lender with a significant footprint in Washington, offering services to Aberdeen residents. They are acclaimed for their commitment to diversity, customer-centric approach, and flexible loan programs. With a reputation for quick closings and expert advice, they have consistently high reviews for making the mortgage process straightforward and accessible.
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Frequently Asked Questions
Common questions about mortgage lending in Aberdeen, WA
Are there any special mortgage considerations for buying a home in Aberdeen, WA, given its proximity to water and flood zones?
Yes, due to Aberdeen's location at the confluence of the Chehalis and Wishkah Rivers and near Grays Harbor, many properties are in FEMA-designated flood zones. Lenders will typically require flood insurance as a condition of the mortgage, which adds to your monthly costs. It's crucial to review the property's flood certification early in the process.
What first-time homebuyer programs are specifically available for Aberdeen residents?
Aberdeen homebuyers can access the Washington State Housing Finance Commission's (WSHFC) Home Advantage and House Key Opportunity programs, which offer competitive interest rates and down payment assistance. Locally, the Grays Harbor County Community Land Trust may also have affordable homeownership opportunities for income-qualified buyers.
How do local Aberdeen property taxes impact my mortgage payment and qualification?
Grays Harbor County property taxes are a significant component of your monthly escrow payment. While rates can vary, the effective property tax rate in the area is typically around 0.9% to 1.1% of assessed value. Your lender will use the specific tax rate for the property to calculate your debt-to-income ratio, which can affect how much home you qualify for.
Are USDA Rural Development loans a common and viable option for mortgages in Aberdeen, WA?
Absolutely. Most of Aberdeen and the surrounding Grays Harbor area is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a popular program in the local market due to Aberdeen's designation, making homeownership more accessible, especially for buyers with moderate incomes.
How does Aberdeen's housing market, with its mix of historic and newer homes, affect the mortgage appraisal process?
Appraisals in Aberdeen can be challenging due to the diverse housing stock, ranging from historic Craftsman homes to newer constructions. For older homes, lenders may require specific inspections for condition, and comparable sales ("comps") might be less straightforward. Using a local lender familiar with Grays Harbor County appraisers can help streamline this process.
Why Choose a Mortgage Lender in Aberdeen?
Local Market Knowledge
Lenders who understand Aberdeen's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Washington.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Aberdeen and get competitive rates on your home loan.