The Best Mortgage Lenders in Port Orchard, WA
Compare verified mortgage lenders serving Port Orchard, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Port Orchard
Featured Mortgage Lenders
John Smith (Loan Officer)
New American Funding
New American Funding is a top-rated mortgage lender with a strong presence in the Puget Sound region, including Port Orchard. Known for its competitive rates and exceptional customer service, the company has built a reputation for streamlining the mortgage process with a focus on first-time homebuyers and diverse loan options. Their local Bremerton branch ensures personalized service, and they are highly regarded for their transparency, quick closings, and extensive educational resources. With over 185 reviews highlighting their reliability and expertise, they are a trusted choice for Kitsap County residents.
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Sarah Johnson (Mortgage Advisor)
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly respected lender with deep roots in Washington State, serving Port Orchard through its Bremerton office. Praised for its competitive rates and dedicated local team, Fairway excels in providing tailored solutions for various home financing needs, including VA loans popular in this military-friendly area. Their commitment to customer satisfaction is evident in over 220 reviews, emphasizing smooth processes, expert guidance, and community involvement. With nearly three decades of experience, they offer stability and reliability for homebuyers in Kitsap County.
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Michael Lee (Branch Manager)
Movement Mortgage
Movement Mortgage is a nationally recognized lender with a strong local presence in the Bremerton area, actively serving Port Orchard homebuyers. They are acclaimed for their fast loan processing, competitive rates, and emphasis on community engagement. Specializing in a wide range of loan types, including VA and FHA, Movement is ideal for military families and first-time buyers. With over 150 reviews praising their responsiveness and professionalism, they have built a loyal customer base through their "More Than a Mortgage" philosophy, focusing on long-term relationships and support beyond the transaction.
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Frequently Asked Questions
Common questions about mortgage lending in Port Orchard, WA
Are there any special down payment assistance programs for first-time homebuyers in Port Orchard, WA?
Yes, the Washington State Housing Finance Commission (WSHFC) offers several programs, like the Home Advantage and House Key Opportunity programs, which are accessible in Port Orchard. These can provide down payment assistance in the form of a second, low-interest loan. Additionally, Kitsap County may have local grants or programs, so consulting with a local mortgage lender familiar with the area is highly recommended.
How does being in a high-cost county like Kitsap affect my loan options in Port Orchard?
Kitsap County is designated a "high-cost" area by the FHFA, which means the conforming loan limit for a single-family home in 2024 is $977,500, significantly higher than the national baseline. This allows buyers in Port Orchard to access larger conventional loans with competitive interest rates without needing a jumbo loan, which typically has stricter requirements and higher rates.
What are typical closing costs for a mortgage in Port Orchard, and are there local taxes I should know about?
Closing costs in Washington State typically range from 2% to 5% of the loan amount. In Port Orchard, you'll encounter standard Washington state mortgage recording taxes. It's also important to budget for Kitsap County property taxes, which are paid in arrears, and potentially a prorated share of the annual City of Port Orchard utility bill, which includes water, sewer, and garbage, as these are often collected at closing.
How does the competitive market in Port Orchard affect my mortgage pre-approval strength?
The Port Orchard and greater Kitsap market can be competitive, especially for well-priced homes. A robust pre-approval from a reputable, local lender is crucial. Sellers often favor offers backed by lenders who are known for reliable underwriting and quick closings in the area. Consider getting a full underwriting pre-approval (not just a pre-qualification) to make your offer stand out.
Are USDA rural housing loans available for homes in Port Orchard, WA?
Yes, a significant portion of Port Orchard and its surrounding areas are eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a major advantage for eligible buyers, as it makes homeownership more accessible. You can check the specific eligibility of an address using the USDA's online eligibility map, as some newer or more central neighborhoods may not qualify.
Nearby Cities
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Why Choose a Mortgage Lender in Port Orchard?
Local Market Knowledge
Lenders who understand Port Orchard'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 Port Orchard and get competitive rates on your home loan.