“HONEST Advice You Can TRUST!”®
Mortgage Brokers in Bellevue, WA
Whether you’re Buying a Home … or Refinancing … you can count on Best Mortgage® to put YOUR best interests first!
For 33 years, our mortgage brokers in Bellevue, WA have been giving Northwest families expert consultation, NOT a “sales pitch.”
Excellent 5 out of 5
Your Trusted
Mortgage Company.
Best Mortgage Inc. is a Consumer Loan Company licensed in Washington State. The family-owned company was founded in 1992 and is located in Bellevue, Washington.
BestMortgage.com went online in 1995 as one of the very first mortgage company websites in the entire country. We have always been way ahead of the competition. From the very beginning, the hallmark of Best Mortgage® has been “Honest Advice You Can Trust”®. Our Bellevue, WA mortgage brokers provide informational mortgage consultations WITHOUT a high pressure “sales pitch.”
Why the Greater Seattle Area?
The Seattle area housing market is one of the strongest real estate markets in the entire country. There is ample opportunity for home buyers right now. With a rising inventory, there are more choices and less competition making it easier for home buyers to get their offers accepted.
With decades of experience in the greater Seattle area, we have keen insight into the unique characteristics of each community, from the serene waterfronts of West Seattle, to the high tech corridor of Kirkland-Redmond, to the Woodinville wineries and all the outlying communities from Arlington to Olympia. Our knowledge of local markets helps clients make informed decisions that align with their lifestyle and investment goals. Whether you’re a first-time buyer or a seasoned investor, we’re here to guide you through every step of mortgage lending in the exciting greater Seattle housing market
Mortgage 101: Understanding the Basics
A loan to buy a home is commonly called a “mortgage” even though in Washington State we actually use a document called a “Deed of Trust” rather than a mortgage. Whether you use a Mortgage or Deed of Trust, the loan is secured by the home you are buying. The mortgage investor puts a “lien” on your home, which is a legal document that gives them the right to seize your home and sell it at a foreclosure auction if you fail to make your mortgage payments. This is serious stuff! So, mortgage investors want to make sure your home is worth the amount you are paying for it in case they have to foreclose. That’s why we do an appraisal when you buy a home, to verify its true market value. And, mortgage investors want to make sure you can afford the monthly payments so they don’t have to foreclose on you. That’s why we have to thoroughly document your income, assets and credit history.
Fixed-Rate Mortgages
These are the most popular loans because they have a constant interest rate throughout the life of the loan, resulting in predictable monthly payments. They are commonly offered in 15-, 20-, or 30-year terms.
Adjustable-Rate Mortgages (ARMs)
ARMs have interest rates that change over time, typically starting lower than fixed-rate mortgages, but can fluctuate after a set period based on market conditions. They often include a cap on how much the rate can increase.
FHA Loans
Insured by the Federal Housing Administration, these loans are designed for low-to-moderate-income borrowers, especially first-time homebuyers. They require a lower minimum down payment and credit score compared to conventional loans.
VA Loans
Guaranteed by the U.S. Department of Veterans Affairs (VA), these are available to current and veteran service members and their spouses. VA loans offer great benefits like NO DOWN PAYMENT…easier credit qualifying…and no private mortgage insurance.
USDA Loans
Offered by the United States Department of Agriculture, these are for rural and semi-rural home buyers meeting certain income requirements; They often require no down payment.
Why Your Credit Score Matters
Down Payments & PMI
Understanding Property Taxes
Frequently Asked Questions (FAQ)
Find answers to the most frequently asked questions.
What are the typical mortgage rates in the Seattle area?
Mortgage rates change daily and sometimes even multiple times per day! Rates vary widely on a given day based on market conditions, your loan-to-value (LTV) ratio,our personal credit score, and other factors. Published mortgage rates typically reflect a “best case scenario” and may not be applicable to your personal financial situation. To get a current personalized rate quote, reach out to Best Mortgage® today!
What documents do I need for a mortgage application?
How long does the mortgage process take in the Seattle area?
Can I qualify for a mortgage in the Seattle area with a lower credit score?
Blog Posts
5 Essential Tips for First-Time Homebuyers
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Down Payment Dilemma? Unveiling Creative Solutions for Seattle Area Homebuyers
There’s one major hurdle that keeps many from thinking buying a home in the Seattle
BREAKING NEWS: How the NAR commission settlement affects RE agents, home sellers & buyers in Washington State
A first look at the local impact of the historic NAR commission settlement on real
From Pre-approval to Closing: A Step-by-Step Guide to the Seattle Area Mortgage Process
You may think that finding your dream home is the first step on your journey
Understanding Mortgage Rates in the Greater Seattle Area: Essential Insights for Homebuyers
Moving to Greater Seattle presents an opportunity to establish roots in one of America's most
Best Mortgage® Debuts Essential Resource on Home Purchase Loans for Home Buyers in the Seattle Area
A leading consumer loan company hopes the recently launched webpage will make it easier for
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