The Best Mortgage Lenders in Seattle, WA
Compare verified mortgage lenders serving Seattle, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Seattle
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is highly regarded in Seattle for its exceptional customer service and competitive rates. With over two decades of experience, they have built a strong reputation for personalized mortgage solutions, offering a wide range of loan types including first-time homebuyer programs. Their local team provides expert guidance through the entire process, ensuring a smooth and transparent experience. High customer satisfaction ratings and numerous positive reviews highlight their reliability and commitment to the Seattle community.
Loan Types:
New American Funding
New American Funding
New American Funding stands out in the Seattle market for its innovative loan products and strong focus on diverse borrower needs, including specialized programs for minority communities. Founded in 2003, they combine national resources with local expertise, offering competitive rates and flexible terms. Their high customer ratings reflect a dedication to responsive service and efficient processing, making them a top choice for homebuyers seeking reliable and inclusive mortgage options in the Puget Sound region.
Loan Types:
Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans is a trusted mortgage lender in Seattle, known for its streamlined digital processes and personalized service. Since 2008, they have offered a comprehensive suite of loan options with competitive rates, backed by a team of local experts who understand the nuances of the Seattle housing market. Their strong review scores and commitment to customer education make them a reliable partner for both purchase and refinance transactions, emphasizing transparency and long-term client relationships.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Seattle, WA
Are there any special down payment assistance programs for first-time homebuyers in Seattle?
Yes, the Washington State Housing Finance Commission offers several programs, including the Home Advantage DPA, which provides a second mortgage for down payment and closing costs. Seattle-specific programs like the Homeownership Assistance Loan Program (HALP) can also provide up to $55,000 in assistance for income-eligible buyers purchasing within city limits, often at 0% interest.
How does Seattle's competitive housing market affect the mortgage pre-approval and offer process?
In Seattle's fast-paced market, a strong pre-approval from a reputable local lender is often a minimum requirement to be considered a serious buyer. Many sellers expect offers to include a pre-approval letter and may favor those with a local lender who can guarantee quick underwriting. Waiving certain financing contingencies is common but risky, so consult closely with your lender on strategies.
What are typical mortgage rates offered by lenders in Seattle, and how do they compare to national averages?
Mortgage rates in Seattle are generally competitive with national averages but can vary slightly between local credit unions, community banks, and national lenders. Local credit unions like BECU or Seattle Credit Union often offer very competitive rates and special first-time buyer products. It's wise to get quotes from multiple lender types, as even a small difference significantly impacts payments in Seattle's high-price environment.
Does the City of Seattle have any property tax exemptions or relief programs for homeowners?
Yes, the City of Seattle offers a Senior Citizen/Disabled Person Property Tax Exemption Program, which can significantly reduce or even eliminate property taxes for eligible homeowners. Additionally, Washington State has a property tax deferral program for qualifying seniors and individuals with disabilities, which allows them to defer payment until the home is sold.
Are jumbo loans common in Seattle, and what should I know about qualifying for one?
Given Seattle's high median home price, jumbo loans (which exceed the conforming loan limit of $977,500 for a single-family home in King County) are very common. Lenders typically require stronger financial profiles for jumbo loans, including excellent credit scores (often 720+), lower debt-to-income ratios, and significant cash reserves—sometimes 6-12 months of mortgage payments—after closing.
Why Choose a Mortgage Lender in Seattle?
Local Market Knowledge
Lenders who understand Seattle'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 Seattle and get competitive rates on your home loan.