The Best Mortgage Lenders in Puyallup, WA
Compare verified mortgage lenders serving Puyallup, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Puyallup
Featured Mortgage Lenders
Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a top-rated mortgage lender known for its competitive rates, innovative loan products, and exceptional customer service. With a strong local presence in the Tacoma area, they serve Puyallup residents efficiently, offering a wide range of loan options and a streamlined application process. Their team of experienced loan officers provides personalized guidance, making them a trusted choice for homebuyers in the region, backed by high customer satisfaction ratings and a commitment to community involvement.
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New American Funding
New American Funding, LLC
New American Funding is highly regarded for its competitive rates, personalized service, and dedication to diversity and inclusion. Serving Puyallup from their Federal Way office, they offer a comprehensive suite of mortgage products and are praised for their responsive customer support and efficient loan processing. With a strong track record of helping first-time homebuyers and those with unique financial situations, they have built a reputation for reliability and community engagement, earning numerous industry awards and high customer reviews.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-performing lender known for its efficient processes, knowledgeable loan officers, and ability to close loans quickly. With a local office in Tacoma, they effectively serve Puyallup homebuyers, offering competitive rates and a wide array of loan options. Their team provides dedicated support from application to closing, ensuring a smooth experience. Fairway's strong customer satisfaction scores and industry recognition make them a preferred choice for those seeking reliable and responsive mortgage services in the South Puget Sound area.
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Frequently Asked Questions
Common questions about mortgage lending in Puyallup, WA
Are there any special down payment assistance programs for first-time homebuyers in Puyallup, WA?
Yes, Puyallup homebuyers can access several Washington State Housing Finance Commission (WSHFC) programs, such as the Home Advantage DPA, which offers down payment assistance in the form of a second, low-interest loan. Additionally, the City of Puyallup itself occasionally administers its own grant programs for income-eligible buyers purchasing within city limits, so checking with local housing counselors is highly recommended.
How does Puyallup's proximity to Joint Base Lewis-McChord (JBLM) affect mortgage lending?
The large military population creates significant expertise among local lenders in VA loans, which require no down payment and have competitive rates. Many lenders in the area are well-versed in the specific needs of service members, including using BAH for income qualification and navigating PCS orders. This specialization often results in more streamlined VA loan processing for buyers in Puyallup.
What are typical closing costs for a mortgage in Puyallup, and are there any local taxes or fees I should anticipate?
Closing costs in Puyallup typically range from 2% to 5% of the loan amount. A key local consideration is the Washington State Real Estate Excise Tax (REET), which is paid by the seller but can influence overall transaction dynamics. You should also budget for Pierce County recording fees and potential city-specific charges for document recording or inspections.
With Puyallup's mix of older homes and new developments, are there specific loan considerations for different property types?
Absolutely. For Puyallup's charming, older homes in neighborhoods like the Historic District, an FHA 203(k) renovation loan or a conventional loan with an escrow holdback for repairs can be crucial. For new construction in areas like South Hill, builders often have preferred lenders offering incentives, but it's wise to get an independent pre-approval to compare terms and ensure you're getting the best deal.
How competitive is the mortgage rate environment in Puyallup compared to the national average?
Mortgage rates in Puyallup are generally aligned with national averages, but your specific rate will depend heavily on your credit profile, loan type, and the lender. Due to the competitive local market with many regional and national lenders operating here, it is especially important for Puyallup buyers to shop around and compare Loan Estimates from at least 3-4 different lenders to secure the best possible rate and terms.
Why Choose a Mortgage Lender in Puyallup?
Local Market Knowledge
Lenders who understand Puyallup'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 Puyallup and get competitive rates on your home loan.