You have a lot of choices in front of you when you decide to buy a home. There may be a lot of excitement when creating wishlists, touring homes in the area, and determining the best location for schooling, amenities, and more. However, many people forget to find the best mortgage lenders nearby. This may mean looking into FHA lenders in Seattle to get the right financing for some buyers.
Selecting the best lender does not have to be a hassle. We want you to know that we have you covered here at Seattle’s Mortgage Broker (SMB). Whether you are looking for federal housing assistance or information on the other loan products we offer, we are always here to help. We would also like all potential borrowers to know what to look for when researching Washington FHA Lenders, including:
Should you look into multiple lenders?
You shop around for other purchases in your life, so your new home should not be any different. Just as you would look around and get pricing on various properties, you can see what different lenders will offer you. This could mean getting a better business rate, but you may also pay fewer fees depending on the lender you select.
What Are FHA Home Loans?
FHA loans are mortgages insured through the Federal Housing Administration (FHA). They are very popular with first-time homebuyers because they offer lower down payments when you have a credit score of 580 and up. However, it is important to know that these borrowers will have to pay mortgage insurance premiums to help protect their lenders should they default. Working with the right FHA lenders in Seattle will give you all the information you need.
What Is A Hard Money Lender?
Hard money lenders offer loans that have been secured by real property. These loans are often looked at as last resort options or what is known as a short-bridge loan. You will usually see hard money loans within real estate transactions when the lenders are companies or individuals rather than banks.
We Would Love To Help You Here At SMB!
Whether you are looking for FHA lenders in Seattle or another type of loan, we can go over your needs to help select the best products to suit your situation. When you need a home loan, we put your information in front of a selection of lenders to get the best possible rate and a monthly payment you can afford.
We are different than bigger banking institutions, and we offer a broad range of lenders and unique products that you can choose from. If you are looking to get a loan and close fast while having a low rate program and lower down payment, we are the team you want!
Is it time to talk with trusted FHA lenders in Seattle so that you can get into your first home? We are available here at Seattle’s Mortgage Broker and want to understand you and your financial needs better. Contact us today by calling (206) 251-0818, and we can go over any questions or concerns you have. Fha Lenders Seattle