The Best Mortgage Lenders in Moses Lake, WA
Compare verified mortgage lenders serving Moses Lake, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Moses Lake
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender known for its exceptional customer service, competitive rates, and extensive loan options. With over 25 years of experience, they have a strong regional presence in Washington and are highly regarded for their personalized approach, making them a trusted choice for homebuyers in Moses Lake. Their commitment to education and support ensures a smooth mortgage process.
Loan Types:
Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is renowned for its innovative technology, competitive pricing, and high customer satisfaction. Serving Moses Lake and the broader Pacific Northwest, they offer a wide range of mortgage products with a focus on flexibility and efficiency. Their strong track record and dedication to client support make them a reliable option for both purchase and refinance loans.
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Primary Residential Mortgage, Inc.
Primary Residential Mortgage, Inc.
Primary Residential Mortgage is a highly respected lender with a focus on customer education and tailored solutions. With decades of experience, they provide competitive rates and a variety of loan programs, including specialized options for first-time homebuyers. Their strong community presence and commitment to excellence make them a top choice for mortgage services in the Moses Lake area.
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Frequently Asked Questions
Common questions about mortgage lending in Moses Lake, WA
Are there any special down payment assistance programs for first-time homebuyers in Moses Lake?
Yes, the Washington State Housing Finance Commission (WSHFC) offers several programs, like the Home Advantage Downpayment Assistance loan, which are accessible to Moses Lake buyers. These can provide down payment help as a second mortgage with favorable terms. Additionally, some local credit unions and lenders may have specific programs or grants for Grant County residents.
How does the presence of large employers like the Grant County PUD and REC Silicon impact mortgage qualification in Moses Lake?
Lenders in the area are very familiar with these major, stable employers, which can be an advantage for employees seeking a mortgage. Consistent income from these employers is viewed favorably. However, it's still crucial to have a solid credit history and manageable debt-to-income ratio, as lenders will assess your full financial picture.
What are typical property taxes like in Moses Lake, and how do they affect my mortgage payment?
Property tax rates in Grant County and Moses Lake are generally lower than the Washington state average, which is a significant benefit for homeowners. For a $350,000 home, you might expect annual taxes around $2,800-$3,500. Your lender will calculate these into your monthly escrow payment, making your total mortgage payment more affordable compared to many other regions.
Are USDA rural housing loans a viable option for homes in Moses Lake?
Absolutely. Most of the area in and around Moses Lake is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a highly popular and practical option given the city's classification, making homeownership accessible for qualified buyers with moderate incomes who are purchasing a primary residence.
How do irrigation water rights or assessments affect the mortgage process for properties with agricultural land in the Moses Lake area?
This is a critical local consideration. Lenders will require a detailed review of any water rights, dues, or assessments tied to the property, as these represent ongoing financial obligations. These costs must be factored into your debt-to-income ratio, and the rights must be properly transferred at closing. Working with a local lender experienced in rural properties is essential.
Why Choose a Mortgage Lender in Moses Lake?
Local Market Knowledge
Lenders who understand Moses Lake'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 Moses Lake and get competitive rates on your home loan.