Washington provides many home financing assistance programs through its Housing Finance Commission (HFC). Their House Key State Bond program funds low rate mortgage assistance through the issue of tax-exempt bonds. If qualified buyers can get fixed-rate thirty year mortgages with rates ranging from 4.85% to 5.25%. HFCís House Key Teacher program offers low rate mortgages and down payment assistance for teachers. There are a number of other down payment assistance programs the effectively grant a low-rate second mortgage to cover a down payment Once homebuyers have determined whether or not to use the services provided by the HFC, they still need to follow the following steps in financing their home:
1. Choose a lender or mortgage broker.
A lender actually makes the loan. A broker acts as a go-between for a buyer and a lender. Don’t hesitate to ask friends or associates for recommendations. Ask the lender or broker for references if you need more input.
2. Submit your records.
A lender will ask for your financial records, including pay stubs for the last 30 days and three months of bank statements. You may also have to answer tough questions about your financial history. Be prepared: gather your financial documents ahead of time.
3. Check interest rates.
Interest rates tend to fluctuate. Follow interest rate news and if rates are low, you may ask your lender to lock-in, or commit to that rate, that day. Just make sure the lock-in period includes the day you close on the house and doesn’t incur extra charges.
4. Choose a loan.
You may think you want a 30-year, fixed-rate mortgage, but an adjustable-rate mortgage may be more appropriate for your circumstances.
Our featured Washington Home Financing partners:
With interest rates at all-time lows, there has never been a better time to refinance.
Take advantage of getting additional cash out to improve your home, buy a new car, or pay for a child’s education. GuideToLenders.com will provide you with competitive loan quotes from up to four lenders. Different types of refinance loans offered are 30-year fixed, 15-year fixed, adjustable rate, and interest only. You’ll receive the best rates and options available, regardless of your credit. It takes less than a minute to apply, and you have nothing to lose. Find your refinance loan right now.
With interest rates at all-time lows, there has never been a better time to get a home equity loan or line of credit. Need money to improve your home? Maybe you need a new car, or need funds to send a child to college? Whatever the reason, your home is an excellent source of cash. GuideToLenders.com will provide you with competitive loan quotes from up to four lenders. You’ll receive the best rates and options available, regardless of your credit. Your interest on these loans may even be tax deductible. It takes under a minute to apply, and you have nothing to lose. Find your home equity loan or line of credit right now.
A debt consolidation loan may be the solution you need for mounting debts. By tapping into your home’s equity, this type of loan enables you to pay off all your existing debts with one loan. The interest on this new loan may even be tax deductible. At GuideToLenders.com, you’ll receive loan quotes from up to four competing lenders. And don’t worry if your credit is less than perfect. It takes under a minute to apply and you have nothing to lose. Get started.
You found the perfect home — now you need the perfect loan. Imagine having the best mortgage lenders competing for your business. At GuideToLenders.com, up to four lenders will provide you with the best rates and options available. Whether you have excellent credit or have declared bankruptcy, our lenders are eager for your business. Different types of first mortgages offered are 30-year fixed, 15-year fixed, adjustable rate, and interest only. It takes less than a minute to apply, so get started right now.
Shopping for a loan has never been easier. MoneyNest is an online loan marketplace that allows you to send a single application to over 400 lenders. Submit your application and get access to low rates on a second mortgage, refinance, home equity line of credit, or a home improvement or debt consolidation loan. Get up to 4 FREE quotes.
Countrywide Home Loans
Qualified homeowners – even those with less-than-perfect credit – may now access their home’s equity to get cash, consolidate debts, and lower monthly expenses. Countrywide Home Loans may also help applicants who are self-employed or have high consumer debt. We offer competitively priced home loan programs, including fixed rate, adjustable rate, refinance and home equity loans.
DebtWave Credit Counseling, Inc.
DebtWave Credit Counseling, Inc. offers a program to its clients that enables them to repay their debt in a timely fashion. We specialize in working primarily credit cards; however, we are usually able to assist clients with any bills that are considered to be unsecured. Below is a list of benefits that we are typically able to obtain for our clients:
– Reduce your interest rates
– Lower your monthly payment
– Consolidate into one monthly payment
– Eliminate late & overlimit fees
– Stop harassing phone calls (if behind)
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