Mortgage Programs

Not all mortgage loans are the same — and choosing the right program can make a significant difference in your payment, qualification, and long-term financial flexibility.

This section covers the most common and specialty mortgage programs available to homebuyers and homeowners, including:

  • FHA Loans
  • VA Loans
  • USDA Loans
  • Conventional & Jumbo Loans
  • HomeReady & Home Possible
  • Down payment assistance programs
  • Washington State Housing Finance Commission (WSHFC) programs
  • Specialty programs for medical professionals and unique scenarios

Understanding eligibility guidelines, loan limits, credit requirements, and program benefits allows you to compare options strategically rather than relying on headlines or general advice.

As a Mortgage Advisor with over 25 years of experience, I help clients evaluate which program best aligns with their income, assets, and long-term plans.

Explore the programs below to better understand your options.

Appraisal Waivers on Conforming Mortgages

September 25, 2020 by Leave a Comment

no appraisal required - appraisal waiverSome conforming mortgages for refinances or home purchases may not require an appraisal. It all boils down to what the response is from Fannie Mae or Freddie Mac’s automated underwriting systems on whether or not an appraisal is required. You may have perfect credit and tons of equity in your home, yet no appraisal waiver if Fannie or Freddie’s underwriting systems determine it’s not eligible.

Your next conforming mortgage might be eligible to not have an appraisal if it meets the following criteria: [Read more…]

Filed Under: Mortgage Programs Tagged With: ,

2020 FHA Loan Limits for homes in Washington State

December 3, 2019 by 2 Comments

FHA Mortgages Washington StatePlease visit here for current FHA information on homes located in Washington state.

Here is a complete list of FHA loan limits for all counties in Washington for 2020. The new loan limits go into effect on FHA case numbers issued January 1, 2020 and after. [Read more…]

Filed Under: Mortgage Programs Tagged With: ,

Breaking News: 2020 Loan Limits Announced from HUD

December 3, 2019 by Leave a Comment

Please visit our complete FHA guide for current information on FHA mortgages for homes located anywhere in Washington state.

HUD has released the FHA loan limits for 2020.

Seattle – King County, Tacoma – Pierce County and Everett – Snohomish County all have higher loan limits at $741,750 for a single family home.  Homes located in King, Snohomish and Pierce Counties qualify for a higher loan amount as the counties are considered “high cost”. 

FHA mortgage loans are not limited to first time home buyers and do not have income limits. Loan limits do vary by the county the home is located in. Here is a complete list of 2020 FHA loan limits for in Washington State.

If you’re interested in buying or refinancing a home located anywhere in Washington state, I’m happy to help!

 

 

Filed Under: Mortgage Programs Tagged With: , ,

Conforming Loan Limits for 2020 for Washington State

November 26, 2019 by Leave a Comment

UPDATE: Please visiting our Conforming Mortgage Guide including current loan limits for homes located in Washington state.

Conforming loan limits are increasing for 2020 to $510,400 for a single family dwelling. Counties that are considered “high cost” such as King County, Pierce County and Snohomish County qualify to have a “high balance conforming” loan limit of $741,750. [Read more…]

Filed Under: Mortgage Programs Tagged With: , , ,

New Mortgage Programs!

November 7, 2019 by Leave a Comment


One of the benefits of a Correspondent Lender is that we work with many mortgage investors and lenders. Some of them are big banks you’ve probably heard of and perhaps others are less commonly known. It’s a great feature that we can not only work with the pricing our investors offer, so we’re able to shop rates for our clients, but we can also use the various mortgage programs. [Read more…]

Filed Under: Mortgage Programs Tagged With: , , , ,
« Previous Page
Next Page »