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Burbank, WA

The Best Mortgage Lenders in Burbank, WA

Compare verified mortgage lenders serving Burbank, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
450+
Reviews
8
Loan Types

Available Loan Programs in Burbank

Conventional
FHA
VA
USDA
Jumbo
Refinance
HELOC
Reverse Mortgages

Featured Mortgage Lenders

1

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.8/5

Fairway Independent Mortgage Corporation is a top-rated lender with a strong regional presence in Eastern Washington, serving Burbank and surrounding areas. Known for competitive rates, exceptional customer service, and a wide range of loan options, they have built a reputation for reliability and personalized mortgage solutions. Their experienced team and efficient processing make them a preferred choice for homebuyers in the region.

Experience:28 years
Reviews:150 customer reviews
7310 W Clearwater Ave, Kennewick, WA 99336

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Caliber Home Loans

Caliber Home Loans Inc.

★★★★☆
4.6/5

Caliber Home Loans offers a comprehensive suite of mortgage products with a focus on customer satisfaction and competitive pricing. Serving Burbank through their Spokane office, they provide flexible loan options and streamlined processes. Their commitment to transparency and community support has earned them high marks from borrowers in Eastern Washington.

Experience:16 years
Reviews:120 customer reviews
421 W Riverside Ave, Spokane, WA 99201

Loan Types:

ConventionalFHAVAUSDAJumboHELOC
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3

New American Funding

New American Funding

★★★★☆
4.7/5

New American Funding is renowned for its diverse loan programs and strong customer service, with a local branch in Spokane that serves Burbank residents. They emphasize accessibility and education for borrowers, offering tailored solutions and competitive rates. Their dedication to community involvement and high ethical standards makes them a trusted lender in the area.

Experience:21 years
Reviews:180 customer reviews
123 S Lincoln St, Spokane, WA 99201

Loan Types:

ConventionalFHAVAUSDAJumboReverse Mortgages
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Frequently Asked Questions

Common questions about mortgage lending in Burbank, WA

What are the current mortgage rates like in Burbank, WA, and how do they compare to the state average?

Mortgage rates in Burbank, WA, are generally aligned with national and state averages, but can be slightly influenced by the rural nature of Walla Walla County. As of recent trends, rates for a 30-year fixed mortgage in the area are competitive. It's advisable to compare offers from local credit unions, like Gesa Credit Union or Banner Bank, which often have strong community lending programs and may offer favorable terms for local buyers.

Are there any down payment assistance programs specifically for homebuyers in Burbank, WA?

Yes, Burbank homebuyers may qualify for the Washington State Housing Finance Commission's (WSHFC) Home Advantage DPA program, which offers down payment assistance in the form of a second, low-interest loan. Additionally, as part of Walla Walla County, buyers with low-to-moderate incomes might access county-specific grants or programs. A local mortgage lender can help determine eligibility based on the home's location in the Burbank area.

How does the appraisal process work for a home in Burbank, given its mix of riverfront properties and agricultural land?

Appraisals in Burbank require specialized knowledge due to the diverse property types, from Columbia River waterfront homes to parcels with irrigation rights. Lenders will use appraisers familiar with the local market who understand the value drivers, such as water access, soil quality for agriculture, and flood zone designations (many areas are in a floodplain), which can affect insurance requirements and loan terms.

What should I know about property taxes and insurance when getting a mortgage in Burbank?

Property taxes in Burbank are based on Walla Walla County rates and can vary, especially if the property is classified as agricultural. Homeowners insurance is a critical and sometimes costly component due to the high risk of flooding; most lenders will require a separate flood insurance policy through the NFIP for properties in the designated floodplain, which must be escrowed as part of your monthly mortgage payment.

Are USDA loans a common and good option for buying a home in Burbank, WA?

Absolutely. Given Burbank's rural designation by the USDA, many homes in the area qualify for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers. This is one of the most advantageous programs for buyers in Burbank, as it directly addresses the challenge of saving for a down payment in a market where incomes may not keep pace with larger urban centers.

Mortgage Insights

Finding Your Financial Partner: How to Choose the Best Mortgage Broker in Burbank, WA

Searching for the "best mortgage broker near me" is more than just finding a local office; it's about finding a financial guide who understands the unique landscape of Burbank, Washington. Nestled along the Columbia River, Burbank offers a blend of rural tranquility and commuter accessibility to the Tri-Cities. This specific market dynamic makes choosing the right mortgage professional a critical first step in your homebuying journey.

In Burbank, you might be considering anything from a river-view property to a more affordable starter home on a larger lot. A top-tier local mortgage broker will understand these nuances. They know how properties with well water or septic systems might be appraised, or the value that proximity to the McNary Wildlife Refuge can add. Their local expertise extends beyond zip codes; they have relationships with appraisers and title companies familiar with Walla Walla County, which can streamline your entire process.

When starting your search, look for a broker with proven experience in Washington State's specific programs. Ask any potential broker directly about their familiarity with the Washington State Housing Finance Commission (WSHFC) programs. These can include down payment assistance for first-time buyers or favorable loan terms for those buying in certain areas. A broker well-versed in these options can be the difference between qualifying now or waiting years to save a larger down payment.

Your action plan should start with interviews. Don't just call and ask for rates. Set up brief consultations with two or three brokers. Come prepared with questions: "How many loans have you closed in the Burbank area in the last year?" or "Can you walk me through a scenario using a WSHFC program for a buyer in my financial situation?" Listen not just to their answers, but to how they explain complex terms. The best broker for you will be an educator, not just a salesperson.

Also, consider the broker's responsiveness and preferred communication style. The Washington housing market moves quickly, and you need someone who will answer your calls when a competing offer appears. Read local reviews and ask for referrals from your real estate agent, who likely has a shortlist of brokers known for closing deals smoothly in the area.

Ultimately, the best mortgage broker near you in Burbank will feel like a trusted partner. They will align your financial picture with the realities of our local market, advocate for you behind the scenes, and provide the clarity you need to confidently make one of life's biggest decisions. By focusing on local expertise, state-specific knowledge, and personal rapport, you'll find more than a service—you'll find a key ally in unlocking your Burbank home.

Nearby Cities

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Why Choose a Mortgage Lender in Burbank?

Local Market Knowledge

Lenders who understand Burbank'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 Burbank and get competitive rates on your home loan.