Licensed in Washington and Colorado

Home Purchase Loans in Seattle WA

While home loans can be used for a variety of purposes, the majority of mortgages are used to buy a home. If you are thinking about purchasing a home in Washington, you should know that you are looking at a competitive market where you need a competitive loan. As homes are appreciating in value, now is the time to invest.

You can pick between either of these types of interest rates:


With this type of interest rate, you pay the same fixed-rate for the lifetime of your mortgage.


If you go with an adjustable mortgage rate (ARM), the interest rate may vary over the lifetime of the loan. Many ARMs include a special introductory rate that can last from one month to 10 years.

We also offer a few different types of loans for special situations.

If you have poor credit, we can connect you with a loan product which will enable you to buy a home with a competitively priced mortgage. For those who are self-employed, we offer stated income home purchase loans. We have loans for real estate investors as well.

Qualifying for a Home Purchase Mortgage in Seattle

As you can see, different types of home purchase loans have different qualification requirements. Qualifying for a conventional loan is different than qualifying for a jumbo loan or a VA loan or an FHA loan.

In general, however, regardless of the type of loan you are applying for, the lowest-risk borrowers will qualify for the best rates and terms. Ideally, a home purchase loan applicant should:

  • Have a good credit score.
  • Have a debt-to-income ratio which can comfortably accommodate the addition of a mortgage payment every month.
  • Be employed steadily for a period of at least two consecutive years.
  • Not have a bankruptcy or foreclosure within the past 2-3 years.
  • Be able to afford a down payment. The amount of that down payment will depend on the type of loan as well as the criteria above.

We Can Help You Purchase Your Washington State Dream Home

Whether you have an ideal credit score and debt-to-income ratio or not, Blue Square Mortgage can work with you to find you a loan which will be an ideal fit for your needs. Our priorities when we work with you are threefold:

1. To bring you affordable rates regardless of your financial situation.

2. To help you get into a home fast (we can get you pre-qualified within just one hour).

3. To offer you first-class customer service, transparency, and communication through the entire lending process.

Ready to Purchase a Home in Washington state?

Whether your'e looking to buy in Seattle, Bellevue, Tacoma, Kent, Redmond or any other community across the state, Blue Square Mortgage is here for you. Please call us today at (206) 352-6453 to schedule your consultation. Before long, you'll be in your new home!