Seattle Mortgage Programs

Being a Seattle mortgage broker has its distinct advantages; the biggest being flexibility and product availability. Daryl has access to the rates and programs from nearly fifty lenders which means, if it is out there, he likely has it. From fixed rate loans to adjustable rates mortgages and interest only loans, to government backed FHA and VA loan programs, Daryl can help you find the right Seattle home loan product. Below is a list of Seattle mortgage programs to consider:


Seattle Fixed Rate Mortgages

• Great options for clients who are planning on being in their homes for more than 5-7 years
• Most popular products on the market because they offer the security of a fixed rate for a set number or years.
• AAXA has access to 40, 30, 25, 20, 15, and 10 year Seattle fixed rate mortgage products.

Seattle Adjustable Rate Mortgages

• Adjustable rate mortgages (ARMs) may be a good financing solution for people who plan on being in their properties for less than 7 years.
• ARMs carry a higher degree of risk than fixed rate loans because, like the name states, the rates adjust after the fixed introductory period. There are ways and programs to minimize these risks. I can help you determine if an adjustable rate loan is the right choice for your next Seattle mortgage.

• Interest only loans may be a good choice for people in areas of high real estate appreciation and for those who are not planning on being in their properties for an extended period of time. Daryl can help you analyze how loans amortize over time so that you can determine if an interest only loan makes sense for your scenario.
• Just like adjustable rate mortgages, interest only loans carry a higher degree of risk because the principal balance does not go down unless additional payments are made. There are multiple Seattle interest only loan programs from which to choose. Daryl can assist you in finding the right one for your risk tolerance.

• You either already live in Seattle or have likely begun searching for real estate. So, you already know that homes in Seattle are not cheap. Jumbo mortgage programs are geared for customers looking to borrow funds greater than what is allowed by Fannie Mae’s and Freddie Mac’s conforming loan limits. In most areas of the Country, that limit is above $417,000. This loan limit can vary by zip code in areas where housing prices are well above average (i.e. Seattle). This is great news considering conforming rates are 99.999% of the time lower than jumbo rates.
• If you do need a jumbo loan, AAXA has access to some of the lowest jumbo and super jumbo pricing in the State of Washington. Give me a call today to discuss our lenders’ Seattle mortgage rates and jumbo loan programs.

Zero and No Money Down Seattle Mortgage Programs:

Seattle VA Loans

• If you are a military veteran or are currently serving in the Armed Forces, then be sure to ask us about our lenders’ VA loan programs. In today’s market, 100% financing is pretty much non-existent except for VA loans and USDA rural housing loans. Luckily, Daryl has access to some of the most competitive VA loan in the Country.

• Backed by the Federal Housing Administration, FHA loans are designed to help homebuyers purchase property with 3-3.5% down. Rates on FHA loans can be comparable to conventional conforming loans.
• The guidelines for FHA loans can be more stringent in certain facets but more liberal in other areas such as credit history. Give Daryl a call today to discuss whether a Seattle FHA loan is the right choice for you.