The Best Mortgage Lenders in Lakewood, WA
Compare verified mortgage lenders serving Lakewood, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lakewood
Featured Mortgage Lenders
Sound Credit Union Mortgage Department
Sound Credit Union
Sound Credit Union is one of the most highly-rated mortgage lenders serving Lakewood directly, with deep roots in the Pierce County community since 1940. They maintain exceptional 4.8-star ratings across multiple review platforms for their personalized service, competitive rates, and extensive experience with VA loans - particularly relevant for the military community near Joint Base Lewis-McChord. Their local mortgage specialists provide in-person consultations and understand the unique aspects of the Lakewood housing market, offering specialized first-time homebuyer programs and streamlined digital mortgage processes.
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Harborstone Credit Union Mortgage Team
Harborstone Credit Union
Harborstone Credit Union has been serving the Lakewood community since 1955 and maintains outstanding 4.7-star ratings for mortgage services. They're particularly noted for their expertise in construction loans and VA lending, with dedicated mortgage consultants who provide comprehensive guidance through the entire home financing process. Their local decision-making and community-focused approach make them a top choice for Lakewood residents, offering competitive rates and flexible terms with the personal service of a community financial institution rather than a large national bank.
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Guild Mortgage Company - Lakewood Branch
Guild Mortgage Company
Guild Mortgage maintains a strong physical presence in Lakewood with a dedicated local branch staffed by experienced mortgage professionals. With over 60 years in business and consistently high ratings, they offer an extensive range of loan products including specialized programs for military families and first-time homebuyers. Their local Lakewood team provides personalized service with the backing of a national lender's resources, offering competitive rates and innovative digital tools while maintaining the community connection that Lakewood homebuyers appreciate.
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Frequently Asked Questions
Common questions about mortgage lending in Lakewood, WA
Are there any down payment assistance programs specifically for homebuyers in Lakewood, WA?
Yes, Lakewood homebuyers can access the Washington State Housing Finance Commission's (WSHFC) Home Advantage DPA program, which offers down payment assistance up to 4% of the loan amount as a second mortgage. Additionally, the City of Lakewood itself does not currently run its own program, but buyers should also explore the WSHFC's House Key Opportunity program, which is designed for first-time and repeat buyers in targeted areas, potentially including parts of Lakewood.
How does being near Joint Base Lewis-McChord (JBLM) affect mortgage options in Lakewood?
Proximity to JBLM is a major factor, as many Lakewood buyers are active-duty military, veterans, or civilian base employees. This makes VA loans exceptionally common and competitive here. Local lenders are highly experienced with VA guidelines and the specific appraisal considerations for homes near a military base. It's crucial to work with a lender familiar with the unique military-related transactions and potential noise zone disclosures in the area.
What are typical closing costs for a mortgage in Lakewood compared to other parts of Pierce County?
Closing costs in Lakewood are generally aligned with Pierce County averages, typically ranging from 2% to 5% of the home's purchase price. A city-specific cost to note is the Lakewood Utility Tax, which may be prorated and appear on your settlement statement. Title insurance and escrow fees can also vary slightly between local providers, so it's wise to shop around with title companies familiar with the Lakewood market.
Are there specific loan considerations for buying a home in one of Lakewood's many older neighborhoods?
Absolutely. Many Lakewood neighborhoods feature homes built in the mid-20th century. When using an FHA or VA loan, be prepared for stricter appraisal requirements regarding peeling paint, outdated electrical systems (like knob-and-tube wiring), or aging roofs. A conventional loan with a standard appraisal might offer more flexibility for these older properties, but a thorough inspection is always recommended to avoid costly repairs.
How competitive is the mortgage market in Lakewood, and how can I make my offer stronger?
The Lakewood market can be competitive, especially for well-priced homes. Beyond offering a strong price, getting a solid mortgage pre-approval (not just pre-qualification) from a reputable local lender is critical. Sellers favor buyers who use lenders known for closing on time. Consider waiving certain financing contingencies only if you are extremely confident in your approval, and be prepared for potential bidding wars, which may require appraisal gap coverage.
Nearby Cities
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Why Choose a Mortgage Lender in Lakewood?
Local Market Knowledge
Lenders who understand Lakewood'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 Lakewood and get competitive rates on your home loan.