Home Loans

Get the Best Home Loan for You

Buying a home or refinancing your existing one can be a big task in these times of uncertainty. Lenders have tightened their rules and guidelines but we have the experience to help you get what you need. We’ve been at it a long time.

Whether you’re refinancing or buying, call us at 800-863-7145

First, know that you will have to qualify based on some good old fashioned rules. Your credit will have a lot to do with the interest rate you get offered. A high score, 740 or above will get you the very best rates available. As you score decreases your rate will slightly increase. Good credit always pays! We do have programs available that may let you qualify with a score as low as 580.

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Second, you will need to be able to show us a stable, adequate income to qualify. It most often comes from your job but you may also qualify using retirement income or investment savings if you have enough. Of course the income of your spouse or partner can help with meeting the qualifying guidelines. Sometimes we even use Mom and Dad’s income to help!

Third, if you’re buying a home, you’re probably going to need a down payment. There are a couple of exceptions to that though.

If you are a qualifying veteran you can purchase a home with no down payment. Heck, you can even get the seller to pay all of your closing costs so you get your home with no out of pocket money! Also we have the USDA rural home program available which is a ‘O’ down program. This is available in many areas that you and I may not think are rural but in fact are considered so. And finally we have the Washington State first time homebuyer program which has the possibility of a no down payment option.

FHA loans, which we do for many people, only require a 3 1/2 % down payment. That’s a pretty realistic goal for many buyers. And if you don’t qualify for any of those programs, we have the conventional loans which will require a minimum of 5% down payment. As is always the case, more is better. The bigger the down payment, the easier it is to get the loan.
Of course if you need a jumbo loan to handle the larger than average purchase, we have those too.

Call us at 800-863-7145 or send us some info

With all of the variations and hoops to jump through today, the absolute best way to proceed is to talk to us. We’ll give you a straight answer about your loan and a great rate.

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On-line Loan Quote
Fill out the info below and get a loan quote based on your specific needs. The more information you give us the better we can secure the best loan for you

The Viking Mortgage Green Loan
By applying on-line you are helping us to do our best for the environment. We use a paperless system where you E-mail and fax us the paperwork we need from you and we E-mail you the forms to review.

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PS, We have reverse mortgages available for anyone over 62.

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