“HONEST Advice You Can TRUST!”®

Home Purchase Loans

Buying a home is about planning for the future. And just like finding your dream house, financing deserves a lot of thought. Let’s discuss home purchase loans, your key to unlocking the door, and turning a “maybe” into a “move-in day.”

See How Much You Can Qualify For on a Home Purchase Loan

FREE Mortgage Consultation

    When it comes to home purchase loans, there are a lot of options—and they’re all complex in their own way. This is why it’s so important to turn to an expert like Best Mortgage®. 

    While your real estate agent is an expert at finding and showing you homes, navigating the complexities of the home loan process requires a dedicated mortgage specialist, which is exactly what you’ll find in the team at Best Mortgage.®.  Book a FREE “no pressure” home purchase loan consultation appointment – by phone or in our office.  Call(425) 649-6000.

    At Best Mortgage®, we’re committed to being your champion in the loan arena. So, take a deep breath, cast aside anxieties, and let the journey begin. We’ll be your compass, helping you navigate the intricacies of home purchase loans to arrive at the ideal solution. 

    Benefits of Getting a Purchase Loan from Best Mortgage®

    Home purchase loans offer more than just financing; they offer a personalized path to homeownership. At Best Mortgage®, we’re not just a lender; we’re your trusted loan advisors, dedicated to making your dream home a reality.

    Types of Home Purchase Loans

    Conventional Mortgages

    Home purchase loans offer more than just financing; they offer a personalized path to homeownership. At Best Mortgage®, we’re not just a lender; we’re your trusted loan advisors, dedicated to making your dream home a reality.

    Government-Backed Loans

    Jumbo Loans

    Achieve your grandest dreams with financing for homes exceeding the standard conventional loan limits. Jumbo Loans are tailored for high-value properties. These are ideal for luxury homes. Jumbo Loan rates are higher than conventional loan rates and often require a larger down payment and a higher credit score.

    VA Loans: A Special Focus

    For our nation’s brave veterans and active-duty military personnel, homeownership holds a special significance. It’s a symbol of stability, security, and a well-deserved reward for your service to our country. That’s why the Department of Veterans Affairs (VA) offers a unique and powerful program designed to make the dream of homeownership a reality.  At Best Mortgage®, we are “The VA Loan Experts.”




    Navigating the Greater Seattle Area Housing Market with Best Mortgage®

    The Greater Seattle area, with its geographic beauty and vibrant tech scene, has become a dream destination for many. But conquering the competitive housing market requires a skilled guide—one who intimately understands the local terrain and can equip you with the perfect mortgage strategy. This is where Best Mortgage® can help.  

    The Greater Seattle Area’s Housing Story

    Best Mortgage®: Your LOCAL Ally

    Our team lives and breathes the local housing market. We understand the intricacies of different neighborhoods, lending regulations, and community quirks, giving you an edge in your homeownership journey. Don’t let the complexities of the Greater Seattle area housing market hold you back. Contact us today for a personalized consultation and let our LOCAL expertise guide you home.

    See If You Qualify for a Home Purchase Loan

    FREE Mortgage Consultation

      The Online Application Process for a Home Purchase Loan

      Applying for a mortgage online can be a convenient and efficient way to secure financing for your dream home. Here’s a step-by-step guide to help you navigate the process: 

      1. Gather your documents.

      Before you begin, collect the necessary documents to streamline the application process. These usually include:

      • Personal identification (driver’s license, Social Security card, passport)
      • Proof of income (pay stubs, W-2s, tax returns)
      • Bank statements (checking & savings)
      • Proof of assets (investment statements, retirement account statements)

      2. Start your online application.

      Go to our website (BestMortgage.com) and click on the orange “Apply Now” button, which will take you to our online mortgage application page. The specific steps may vary, but generally, you’ll need to provide personal information, income details, and asset information and answer questions about your loan purpose and desired loan amount.  

      3. Provide supporting documents.

      Once you’ve completed the initial application,  we will request supporting documentation to verify your information.

      This can be done by uploading scanned copies of your bank statements and other documents through our secure online platform or even just taking close-up pictures of your documents with your smartphone and texting the documents to our main office phone number: (425) 649-6000. 

      4. Get Pre-Approved.

      This is the most important part of the process.  We will review and process your loan application and credit score and request supporting documentation to determine your eligibility and the maximum loan amount for which you can qualify. The underwriter will assess your financial risk and ability to repay and approve the loan application.  You will then receive a Loan Pre-Approval Letter that shows real estate agents and home sellers you are a serious home buyer who is ready, willing, and able to make a purchase offer on a home that will CLOSE because your financing has already been secured. 

      5. Find your new home.

      With your Loan Pre-Approval Letter in hand, and a good real estate agent leading the way, you can confidently start searching for your dream home. Remember to stay within your pre-approved loan amount budget and consider factors such as location, condition, and potential repair/improvement costs. 

      6. Make a purchase offer and order an appraisal.

      When you find your dream home, make a purchase offer with the help of your real estate agent. If and when the home seller accepts your purchase offer, you must make an “Earnest Money Deposit” to escrow, which is a cash deposit that will be applied toward your down payment (if any) and “closing costs” on the loan.  After you have inspected the property and you are satisfied with its physical condition, we will order an appraisal to determine the property’s fair market value. The appraisal protects YOU to make sure you are not paying too much for the property; and it protects the mortgage investor to make sure they are not loaning more money than the property is actually worth. 

      7. Sign the closing documents

      After the final underwriting and appraisal reviews are complete, you’ll go to “closing” where you will review the final loan documents and deposit the cash required for the down payment (if any) and loan closing costs into “Escrow.”  Once everything is signed, you have deposited the amount of cash required to close with escrow, and the mortgage loan funds are in place, the escrow company will send the deed to be recorded by the County records department, and the property will officially be yours.  Welcome home!

      First-Time Home Buyer Guidance

      Knowledge is power. Educate yourself about the mortgage process, loan options, and closing costs, and familiarize yourself with your budget limitations BEFORE you start searching for a home

      It is very important to get pre-approved for a mortgage. This gives you a clear understanding of your borrowing power, strengthens your offer to sellers, and saves precious time during the negotiation process. We can assist with a streamlined pre-approval process to get you started quickly and confidently.

      Find a reliable real estate agent who understands your personal needs, desires, and budget. Having a trustworthy advocate by your side throughout the process can be invaluable. 

      Financing Solutions for First-Timers

      Ready to Buy Your First Home? Let’s Get Started!

      FREE Mortgage Consultation

        Frequently Asked Questions About Home Purchase Loans

        We offer a wide range of loans to fit your needs, including:

        • VA Loans: No down payment or private mortgage insurance required for qualifying veterans and active-duty military.
        • Conventional Loans: Reliable options with fixed or adjustable interest rates.
        • FHA Loans: Lower down payment requirements and flexible credit score considerations, great for first-time buyers.
        • USDA Loans: Designed for rural homeownership, with low interest rates and flexible credit requirements.
        • Jumbo Loans: Financing for high-value properties exceeding standard loan limits.

        It depends on the loan type. Conventional loans typically require higher credit scores than FHA and VA Loans, which offer much more flexibility for borrowers with lower credit scores. Our experienced loan advisors will review your credit history and recommend the best loan options based on your personal credit score.

        Down payment requirements vary depending on the loan type and your individual circumstances. VA Loans require NO DOWN PAYMENT AT ALL for qualified veterans and active duty military. Conventional loans require anywhere from  3% down to 20% down, depending on the loan program and Loan-To-Value (LTV) ratio. FHA Loans require as little as 3.5% down. We will help you determine the best down payment options for your personal financial situation.

        Many first-time buyers are very surprised by all the “closing costs” associated with buying a home. Closing costs include fees for title insurance, appraisal, credit report, escrow (settlement service) fees, underwriting and processing fees, document preparation and recording fees, loan origination fees, and “discount points,” etc. These fees typically add up to thousands of dollars. We will provide you with a detailed estimate of all your closing costs upfront to avoid any surprises at closing

        Absolutely! In fact, we always recommend that you get pre-approved for a mortgage before you even start looking for a house. This is a crucial step because it gives you a clear understanding of your borrowing power and strengthens your offer to home sellers. We offer an easy loan pre-approval process to get you started quickly and confidently.

        Yes! We know that buying your first home is an exciting—and SCARY—time! You have lots of questions and need a lot more “hand-holding” than experienced home buyers.  We love working with first-time home buyers to achieve your dream of home ownership. We spend more time with our clients than many other lenders, providing “Honest Advice You Can Trust”® on all kinds of topics related to home buying, including answering all of your real estate and mortgage questions.  

        We believe in building relationships and putting our clients’ needs first. We offer personalized guidance, competitive rates, and a dedicated team of experts to support you every step of the way. Contact us today for a free loan consultation and see how we can help make your dream of homeownership a reality.

        Ready to Apply for a Home Purchase Loan? Let’s Get Started!

        FREE Mortgage Consultation

          EASY Online Loan Application

          “HONEST Advice You Can TRUST!”®

          We Do Loans In Washington State Only!


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