The Best Mortgage Lenders in Everett, WA
Compare verified mortgage lenders serving Everett, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Everett
Featured Mortgage Lenders
BECU
Boeing Employees Credit Union
BECU is a top-rated credit union with a strong presence in Everett and throughout Washington, renowned for its competitive mortgage rates, exceptional customer service, and community-focused approach. With decades of experience, they offer a comprehensive range of loan options, including specialized programs for first-time buyers, and are praised for their transparent processes and member satisfaction.
Loan Types:
Sound Credit Union
Sound Credit Union
Sound Credit Union has deep roots in Snohomish County, including Everett, and is highly regarded for its reliable mortgage lending and personalized member service. They provide competitive rates, local expertise, and a variety of loan products, with a focus on helping borrowers achieve homeownership through flexible terms and dedicated support.
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Alliance Mortgage Group
Alliance Mortgage Group
Alliance Mortgage Group is a highly-rated local broker serving the Everett area from nearby Kirkland, known for its exceptional customer service, competitive rates, and extensive loan options. With over two decades of experience, they specialize in tailoring mortgage solutions to individual needs, earning a reputation for reliability and high satisfaction in the Puget Sound region.
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Frequently Asked Questions
Common questions about mortgage lending in Everett, WA
What are the current mortgage rates like in Everett, WA, and how do they compare to the national average?
Mortgage rates in Everett are generally aligned with national averages but can be influenced by local market competition and the state's overall economic health. As of recent trends, rates in the Puget Sound region may be slightly higher than the national average due to strong demand and a competitive housing market. It's crucial to shop around with local lenders, credit unions, and national banks to find the best rate for your specific financial profile.
Are there any down payment assistance programs specifically for first-time homebuyers in Everett?
Yes, the Washington State Housing Finance Commission (WSHFC) offers several programs, like the Home Advantage and House Key Opportunity programs, which are accessible to Everett buyers. These can provide down payment assistance in the form of a second, low-interest loan. Additionally, the City of Everett itself has periodically offered local assistance programs, so checking with the city's housing division is highly recommended for the most current opportunities.
How does the competitive Snohomish County market affect the mortgage pre-approval and offer process in Everett?
In Everett's competitive market, a strong pre-approval from a reputable local lender is not just a suggestion—it's a necessity to have your offer taken seriously. Sellers often favor offers with solid local pre-approvals over online pre-qualifications. You may also need to consider waiving certain financing contingencies (with caution) or offering a larger earnest money deposit to make your bid stand out, which requires robust financial preparation.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Everett?
Snohomish County property taxes are a significant component of your monthly payment, typically ranging from 0.8% to 1.2% of the home's assessed value. Furthermore, due to Everett's proximity to water and regional weather patterns, lenders will require flood insurance for homes in designated flood zones, and comprehensive homeowner's insurance is essential. Always factor these costs into your total housing budget.
Are there specific loan considerations for buying a condo in Everett, especially in neighborhoods like the Waterfront or Downtown?
Absolutely. Financing a condo in Everett involves additional lender scrutiny of the homeowners association (HOA). Lenders will review the HOA's budget, reserves, insurance, and the percentage of owner-occupied units. For newer waterfront developments, ensuring the building is FHA or VA approved (if using those loans) is critical. A strong, well-managed HOA is key to securing favorable condo mortgage terms.
Why Choose a Mortgage Lender in Everett?
Local Market Knowledge
Lenders who understand Everett'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 Everett and get competitive rates on your home loan.