What Mortgage Program Is Right for Me? A Plain-English Guide to Your Options
If you’ve been asking yourself “what mortgage program is right for me?” — you’re asking exactly the right question. The loan type you choose affects your down payment, your monthly payment, your interest rate, and how easy it is to qualify. And the options are more varied than most people realize.
This guide breaks down every major mortgage program in simple terms: who each one is designed for, what the key requirements are, and how to think about your own situation. If you’ve ever been told you don’t qualify — or you’re not sure where to start — keep reading. [Read more…]
If you’re planning to buy a home in Washington State, you’re not alone — and you’re probably using a mortgage between $300,000 and $1,000,000.
Low-Down-Payment Programs, Renovation Loans & Down Payment Assistance Options
FHFA has announced the conforming loan limits for 2025.
The FHFA announced expanded guidelines for appraisal waiver increasing the maximum loan to value (LTV) from 80% to 90% on purchase transactions. An appraisal waiver is not guaranteed on all conforming mortgages. Loans are submitted to the automated underwriting systems for Fannie Mae or Freddie Mac, which determine whether or not a transaction will receive an appraisal waiver.
