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Lake Stevens, WA

The Best Mortgage Lenders in Lake Stevens, WA

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

3
Top Lenders
4.7
Avg Rating
950+
Reviews
9
Loan Types

Available Loan Programs in Lake Stevens

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-time Homebuyer
Construction
Renovation

Featured Mortgage Lenders

1

Evergreen Home Loans

Evergreen Home Loans

★★★★☆
4.8/5

Evergreen Home Loans is a highly-rated regional mortgage lender with strong presence throughout Snohomish County, including Lake Stevens. With over 35 years in business, they've built an exceptional reputation for personalized service and competitive rates. They're particularly known for their local expertise in the Puget Sound region, offering a wide range of loan products including specialized programs for first-time homebuyers. Their Everett location provides convenient access for Lake Stevens residents, and they consistently receive outstanding reviews for their knowledgeable loan officers and smooth closing processes.

Experience:35 years
Reviews:450 customer reviews
12728 19th Ave SE Suite 101, Everett, WA 98208

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-time Homebuyer
Visit Website
2

BECU

Boeing Employees Credit Union

★★★★☆
4.7/5

BECU is Washington's largest credit union and serves members throughout Lake Stevens and Snohomish County. While technically founded earlier than the specified range, their mortgage division has maintained exceptional service standards with highly competitive rates for members. They offer a comprehensive range of mortgage products with particularly strong first-time homebuyer programs and member-focused service. BECU consistently earns high marks for customer satisfaction, transparent pricing, and their commitment to the local community. Their digital mortgage platform combined with local branch support makes them a top choice for Lake Stevens homebuyers.

Experience:70+ years
Reviews:300 customer reviews
Multiple locations throughout Snohomish County

Loan Types:

ConventionalFHAVAJumboRefinanceConstructionFirst-time Homebuyer
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3

Guild Mortgage

Guild Mortgage Company

★★★★☆
4.6/5

Guild Mortgage maintains a strong local presence in the Everett area, serving Lake Stevens residents with comprehensive mortgage services. While a national lender, their local branch has deep roots in Snohomish County and specializes in understanding the unique aspects of the Lake Stevens housing market. They're particularly noted for their expertise in government-backed loans (FHA/VA) and offer innovative programs like their renovation loans. Guild receives consistently high ratings for their professional service, competitive rates, and ability to handle complex loan scenarios. Their local loan officers have extensive experience with the Snohomish County real estate market.

Experience:60+ years
Reviews:200 customer reviews
10900 Merrill Creek Parkway Suite 200, Everett, WA 98208

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceRenovation
Visit Website

Frequently Asked Questions

Common questions about mortgage lending in Lake Stevens, WA

Are there any special down payment assistance programs for first-time homebuyers in Lake Stevens, WA?

Yes, the Washington State Housing Finance Commission (WSHFC) offers several programs, like the Home Advantage and House Key Opportunity programs, which provide down payment assistance and competitive interest rates. These are available statewide, including in Lake Stevens, and can be combined with the city's relatively affordable pricing compared to nearby Seattle. A local mortgage lender familiar with Snohomish County can help you navigate the specific income and purchase price limits that apply.

How does the lack of a state income tax in Washington affect my mortgage qualification in Lake Stevens?

The absence of a state income tax generally means your take-home pay is higher, which can improve your debt-to-income (DTI) ratio and help you qualify for a larger mortgage loan in Lake Stevens. Lenders will use your gross income without a state tax deduction, but it's important to remember that property taxes in Snohomish County and potential HOA fees in Lake Stevens communities will still be factored into your monthly obligations.

What are typical closing costs for a mortgage in Lake Stevens, and are they higher than the state average?

Typical closing costs in Washington range from 2% to 5% of the loan amount. In Lake Stevens, costs are generally in line with the state average, but specific Snohomish County recording fees and title insurance rates apply. A significant local factor is the Washington State Real Estate Excise Tax (REET), which is paid by the seller but can influence overall transaction dynamics and negotiation in the Lake Stevens market.

Does the competitive market around Lake Stevens require specific mortgage strategies, like waiving contingencies?

While the Lake Stevens market has cooled slightly from its peak, desirable homes can still attract multiple offers. To make a strong offer, buyers often consider strategies like a strong pre-approval from a reputable local lender and potentially waiving the financing contingency, but only if they are extremely confident in their approval. It's crucial to work with a lender who can provide a solid underwriting review and a quick, reliable closing timeline to remain competitive.

Are there specific mortgage considerations for buying a home near Lake Stevens itself or in a flood zone?

Yes, purchasing a property near the lake or within a designated floodplain requires special attention. Lenders will mandate flood insurance if the home is in a FEMA Special Flood Hazard Area, which adds a significant, mandatory cost to your monthly payment. It's essential to check the FEMA flood maps for the specific property and factor this insurance cost into your budget before making an offer on a Lake Stevens waterfront or near-water home.

Mortgage Insights

Finding Your Perfect Mortgage Lender in Lake Stevens, WA

Searching for a "mortgage loan mortgage lender near me" is more than just finding the closest office; it's about finding a local financial partner who understands the unique heartbeat of the Lake Stevens community and housing market. As a homebuyer in this beautiful Snohomish County city, partnering with a lender who has local expertise can be the difference between a stressful transaction and a smooth path to homeownership.

Lake Stevens presents a specific market dynamic. We're a community prized for our lakefront living, excellent schools, and a growing sense of community, all while being within a manageable commute to Everett and Seattle. This demand means competition can be brisk for well-priced homes. Here’s where a local lender becomes invaluable. A mortgage professional who works daily in Snohomish County understands the appraisal nuances of a home near the lake versus one in the Pilchuck Creek area. They know which title companies are most efficient and can provide realistic timelines that align with our local real estate cycle. Their reputation with local real estate agents can also work in your favor, making your offer stronger when it’s accompanied by a trusted, local pre-approval letter.

Your search for a lender should go beyond a simple rate quote. Start by asking potential lenders specific, local questions: "How often do you work with buyers in the Lake Stevens zip code (98258)?" or "Can you share your experience with appraisals in this market, especially with the recent sales trends?" A lender immersed in the area will have clear, confident answers.

On a state level, Washington offers several programs that a knowledgeable local lender can help you navigate. The Washington State Housing Finance Commission (WSHFC) provides key opportunities like the Home Advantage Downpayment Assistance program and mortgage credit certificates, which can offer significant savings for eligible buyers. A local lender will be well-versed in these options and can quickly determine if you qualify, something a national call-center might overlook.

Your actionable first step is to shift your search from "near me" to "knowledgeable about Lake Stevens." Seek recommendations from your local real estate agent, who partners with lenders who consistently close on time. Read local reviews and look for lenders who actively participate in or sponsor community events—it’s a sign of their investment in the area. Finally, interview at least two or three lenders. Compare not just their rates and fees, but their communication style, their understanding of your timeline, and their demonstrated knowledge of Snohomish County.

Buying a home in Lake Stevens is an exciting journey. By choosing a mortgage lender who is truly local in knowledge and practice, you gain an advocate who will help you navigate the process with insight specific to our community, helping you secure not just a house, but your place in our lakeside hometown.

Nearby Cities

Explore mortgage lenders in cities near Lake Stevens, WA

Why Choose a Mortgage Lender in Lake Stevens?

Local Market Knowledge

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