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Mortgage Broker in Seattle WA | Home Loans | Blue Square Mortgage
Blue Square Mortgage offers many lending options with great rates and exceptional service in Seattle and throughout Washington. Call us at (206) 352-6453.
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.
Types of Home Purchase Loans in Washington State
The type of loan you choose should depend on your financial situation and your goals in purchasing a home. Blue Square Mortgage specializes in the following types of home purchase loans:
Conventional Loans
A loan which does not exceed the conforming loan limits set and guaranteed by Fannie Mae and Freddie Mac is called a conventional loan or conforming loan. The conventional loan limits in Seattle and throughout King County, WA are set higher than the standard loan limits so that many homes in the area can be purchased through conventional financing.
LEARN MOREJumbo Loans
Those homes which require financing that exceeds the limits for conventional funding require a jumbo loan. It should come as no surprise that jumbo loans are necessary to purchase many properties in the Seattle region. We strive to bring you affordable rates for both conventional and jumbo mortgages.
LEARN MOREVA Loans
For those who have served in our nation's armed forces, the Department of Veterans Affairs (VA) offers the VA loan benefit program. Eligible applicants can apply for a VA-insured loan and put zero down on a new home. VA loans include other excellent advantages as well.
LEARN MOREFHA Loans
We also specialize in the FHA loan program which is backed by the Federal Housing Administration (FHA). FHA loans offer first-time and repeat homebuyers great benefits like flexible qualification, low down payments, and affordable rates.
LEARN MOREYou can pick between either of these types of interest rates:
Fixed
With this type of interest rate, you pay the same fixed-rate for the lifetime of your mortgage.
Adjustable
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!
Top Rated Mortgage Broker In Seattle
Blue Square Mortgage is located on 4212 33rd Ave W, Seattle. From Seattle-Tacoma International Airport (SEA) head southeast on Airport Expressway toward Departures Dr and use the left lane to keep left. Then keep left and slight left onto Airport Expressway. Keep left at the fork, follow signs for WA-509/WA-518 W and merge onto WA-518 W. Next, merge onto WA-518 W and take the exit onto WA-509 N toward Seattle. WA-509 N turns slightly left and becomes Hwy 99 N/E Marginal Way S. After that continue straight onto Aurora Ave and turn right onto Halladay St. At this point turn right onto 6th Ave N and turn left onto Dexter Ave N. Head straight for 0.5mi and turn left onto Nickerson St. Then continue straight to stay on Nickerson St and continue straight onto W Nickerson St. Finally, turn left onto W Emerson St and turn right onto Gilman Ave W. Continue onto W Government Way, turn left onto 33rd Ave W and Blue Square Mortgage will be on your left.
We are open Monday - Friday 7AM - 6PM Saturday 9AM - 4PM Sunday 10AM - 3PM.
For additional questions you can call us at (206) 352-6453 or you can find us on Yelp and Birdeye.
Contact
4212 33rd Ave WSeattle, WA 98199
Phone: (206) 352-6453
NMLS# 111438
NMLS Consumer Access
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Blue Square Mortgage is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.