When It Comes to Loans, You’ve Got Options

There are a variety of programs available that we can look into based on your financial situation and what you’d like to put down on the loan. Let’s talk to see which route is best for you.

Jumbo Loans

jumbo loans

A jumbo loan is a loan limit that exceeds $484,350 in most of the country and $726,525 in higher cost areas, the amount set by such government sponsored entities as Fannie Mae and Freddie Mac. While jumbos may have higher interest rates and additional underwriting requirements, by combining your first and second mortgages they may be a good strategy because of their ability to lower your overall interest rate. Jumbo loans may also be good for you if you have a larger down-payment, lower debt-to-income ratio, and a high credit score.

FHA Loans

FHA loans first house

A very popular home buying choice, FHA loans are also available for homeowners who wish to refinance their mortgages. FHA loans are great for first-time buyers, but work well for third and fourth home purchasers, too. While you may have to pay upfront and monthly mortgage insurance premiums, FHAs offer a suite of benefits including requiring less cash upfront for a down payment, availability for all income levels, and allowing co-applicants to assist in helping you qualifying without living in the home.

Conventional Loans

Conventional Loans Family

Secured by such government sponsored entities as Fannie Mae and Freddie Mac, conventional loans are purchased or refinanced by single family to four family homes with first or second mortgages. They offer a variety of benefits including lower monthly payments and the ability to cover larger loan amounts. Generally, a single family, first mortgage loan limit provided by Fannie Mae or Freddy Mac is $484,350 (amounts vary by county and are $726,525 for King, Pierce and Snohomish as of 2019). This loan limit is reviewed annually and may be adjusted to reflect the national average cost of single family homes.

What Does the Process Look Like?


Discuss Financial Situation

When considering buying a house, we’ll begin by talking about your wants, needs, and desires tailored to your cash liquidity and assets.


Explore Loan Programs

Next, we will look into which loan programs are possibilities and what might be a good fit for you. We’ll discuss pros and cons of each plan.


Pre-Approval and Closing

Once we have looked at your overall financial and credit picture, we will pre-approve you to confidently purchase a home with a quick, efficient closing.

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