The Best Mortgage Lenders in Kent, WA
Compare verified mortgage lenders serving Kent, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kent
Featured Mortgage Lenders
BECU Mortgage Services
Boeing Employees Credit Union
As Washington's largest credit union with multiple branches in Kent and throughout the Puget Sound region, BECU offers exceptional mortgage services with highly competitive rates for members. They maintain a 4.9-star rating across multiple review platforms with particular strength in first-time homebuyer programs, VA loans, and their member-focused approach. Their local mortgage specialists have deep knowledge of the Kent real estate market and provide personalized service throughout the lending process.
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Chris Rector
Fairway Independent Mortgage Corporation
Chris Rector leads one of the highest-rated mortgage teams in Kent with hundreds of 5-star reviews praising their exceptional customer service and local market expertise. Fairway Independent Mortgage has been serving Washington homeowners since 1996 and this Kent-based team specializes in all loan types with particular expertise in first-time homebuyer programs and competitive rate options. Their local office provides convenient in-person service and deep understanding of Kent's unique housing market.
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Cobalt Mortgage
Cobalt Mortgage, Inc.
Cobalt Mortgage is a highly-rated regional lender serving the entire Puget Sound area including Kent, with multiple loan officers specifically dedicated to South King County. They maintain exceptional 4.8-star ratings across review platforms with particular strength in competitive conventional and jumbo loan programs. Their experienced loan officers have extensive knowledge of Kent's diverse neighborhoods and housing markets, offering personalized service and efficient loan processing that has earned them numerous industry awards and customer accolades.
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Frequently Asked Questions
Common questions about mortgage lending in Kent, WA
Are there any special down payment assistance programs for first-time homebuyers in Kent, WA?
Yes, the Washington State Housing Finance Commission offers several programs, like the Home Advantage Downpayment Assistance loan, which can be particularly useful in Kent's competitive market. Additionally, the City of Kent itself may have local initiatives or partnerships; checking with a local HUD-approved housing counselor is recommended to explore all options tailored to the South King County area.
How do Kent's property taxes impact my mortgage payments and affordability?
Kent's property tax rate is a blend of King County, city, and local school district levies, typically averaging around 1.0% to 1.2% of assessed value. This is a critical factor in calculating your total monthly payment (PITI). Your lender will use the specific tax rate for the property's address to provide an accurate estimate, which is important as Kent's rates can vary slightly from neighboring cities like Renton or Auburn.
What type of mortgage is most common for buyers in Kent's current housing market?
Given Kent's median home prices, which are often more accessible than Seattle proper, conventional loans with 5%-20% down are very common. However, with significant competition, many buyers also utilize FHA loans for their lower down payment requirements (3.5%) to make their offers more viable, especially for starter homes in neighborhoods like East Hill or Panther Lake.
Does living in a flood zone in Kent affect my mortgage process?
Yes, parts of Kent, especially areas near the Green River, are in designated flood zones. If your desired home is in a Special Flood Hazard Area (SFHA), your lender will require you to purchase flood insurance as a condition of the mortgage. This is a mandatory and ongoing cost that must be factored into your housing budget alongside your standard homeowner's insurance.
Are there specific lenders or credit unions in Kent known for offering competitive rates or local expertise?
Several local financial institutions, such as BECU (Boeing Employees Credit Union) and First Financial Northwest Bank, have strong community presence and often offer competitive mortgage products with a deep understanding of the Kent and South King County market. Working with a local lender can provide advantages in processing speed and knowledge of area-specific appraisal considerations.
Why Choose a Mortgage Lender in Kent?
Local Market Knowledge
Lenders who understand Kent'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 Kent and get competitive rates on your home loan.