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Best Washington Mortgage Lenders

Washington can be an excellent place to settle down, and you’re not the only one who thinks so. The Evergreen State has roughly 3.2 million housing units and a homeownership rate of 63%, according to the US Census Bureau’s 2019 American Community Survey,

The typical housing value for the state is $555,943, compared with a $404,700 national median price, though some counties are more expensive than others.

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3% Min. Down Payment
Not disclosed Min. Credit Score

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3% Min. Down Payment
Not disclosed Min. Credit Score

US News selects the Best Loan Companies by evaluating affordability, borrower eligibility criteria and customer service. Those with the highest overall scores are considered the best lenders.

To calculate each score, we use data about the lender and its loan offerings, giving greater weight to factors that matter most to borrowers. For mortgage lenders, we take into account each company’s customer service ratings, interest rates, loan product availability, minimum down payment, minimum FICO score and online features.

The weight each scoring factor receives is based on a nationwide survey on what borrowers look for in a lender.

To receive a rating, lenders must offer qualifying loans nationwide and have a good reputation within the industry. Read more about our methodology.

Homefinity launched in 2018 as the online lending division of Fairway Independent Mortgage. It offers a variety of mortgage products, including conventional mortgages, Federal Housing Administration and Veterans Affairs mortgages, and mortgage refinancing.

Caliber Home Loans of Coppell, Texas, offers mortgage products nationwide. Options include conventional, adjustable-rate, jumbo, refinancing, Federal Housing Administration, US Department of Agriculture and Department of Veterans Affairs loans. Caliber has been in business since 2008, and is solely focused on home lending products.

Carrington Mortgage Services, founded in 2007, offers an array of mortgage and refinancing options to borrowers seeking conventional or government-backed loans. Its California-based parent company, Carrington Holding Co., was established in 2003 and provides a range of real estate services. Carrington Mortgage Services is based in California and also has offices in Arizona, Connecticut, Florida, Indiana and Maryland.

Pentagon Federal Credit Union, widely known as PenFed, offers borrowers access to many types of mortgages: conventional, adjustable rate, jumbo and Department of Veterans Affairs, plus refinancing loans and home equity lines of credit. The financial institution, which serves 2.5 million members, was established in 1935 and is based in McLean, Virginia.

Headquartered in Charlotte, North Carolina, Truist Bank was formed in 2019 after SunTrust and BB&T banks merged. Truist Bank offers a variety of mortgage products, including refinancing and home equity lines of credit.

Chase, one of the world’s largest banks, was founded in 1799 in New York and offers mortgage and refinance loans.

AmeriSave Mortgage Corp. is an online lender that has been in business since 2002. It was one of the first to offer an offsite, digital mortgage experience for customers. The company says it has financed more than 664,000 borrowers since it began operating. With headquarters in Atlanta, AmeriSave services loans in 49 states and Washington, DC

Veterans United Home Loans offers mortgages in all 50 states and Washington, DC, and specializes in Department of Veterans Affairs loans. Since 2016, Veterans United Home Loans has generated the largest number of VA purchase loans per year in the nation. The lender was founded in 2002 and is based in Columbia, Missouri.

PNC Bank is one of the largest banks in the United States, serving more than 9 million customers in all 50 states. A full-service mortgage lender, PNC offers most mortgage loan product types.

The average interest rate for a 30-year fixed-rate conforming mortgage in Washington is 2.93%,

Home interest rates range from 2.38% to 4% in Washington.

Locking in a low mortgage rate today can save you thousands over the life of your loan. Compare your mortgage rate offers with national average trends.

Is your dream home within reach? US News’ mortgage calculator will show you how much house you can afford.

The Washington State Housing Finance Commission provides several down payment assistance programs to make purchasing a home in the state more affordable.

  • Available to: Eligible Washington homebuyers with a WSHFC Home Advantage first mortgage loan.
  • Income limit: $160,000.
  • First-time homebuyers only? No.
  • Down payment and closing cost assistance: This second mortgage has a 0% interest rate. Payment is due when the home is sold, the loan is refinanced or after 30 years. Eligible homebuyers can borrow up to 4% of the total loan amount or up to 5% using the state’s Home Advantage conventional or FHA loans.

  • Available to: Eligible Washington homebuyers with a WSHFC Home Advantage first mortgage loan.
  • Income limits: $115,700 in King and Snohomish counties and $91,600 in all other counties.
  • First-time homebuyers only? No.
  • Down payment and closing cost assistance: This second mortgage of up to $10,000 has a 1% interest rate. Payment is due when the home is sold, the loan is refinanced or after 30 years. Eligibility is based on need, but veterans are not required to show evidence of financial need to qualify.

  • Available to: Eligible Washington homebuyers with a WSHFC Opportunity first mortgage loan.
  • Income limits: Varies by county.
  • First-time homebuyers only? No.
  • Down payment and closing cost assistance: This second mortgage of up to $15,000 has a 1% interest rate. Payment is due when the home is sold, the loan is refinanced or after 30 years. Eligibility is based on need, but veterans are not required to show evidence of financial need to qualify.

  • Available to: Eligible Washington veterans and their dependents with a WSHFC Home Advantage or House Key first mortgage loan.
  • Income limits: $115,700 in King and Snohomish counties and $91,600 in all other counties.
  • First-time homebuyers only? No.
  • Down payment and closing cost assistance: This second mortgage of up to $10,000 has a 3% interest rate. Payment is due when the home is sold, the loan is refinanced or after 30 years.

  • Available to: Eligible Washington homebuyers with a disability or who have a family member with a disability living with them and have a WSHFC Home Advantage or House Key first mortgage loan.
  • Income limits: $115,700 in King and Snohomish counties and $91,600 in all other counties.
  • First-time homebuyers only? No.
  • Down payment and closing cost assistance: This second mortgage of up to $15,000 has a 1% interest rate. Payment is due when the home is sold, the loan is refinanced or after 30 years.

PrimeLending is a Dallas-based mortgage lender in operation since 1986. The company offers several mortgage loan options, including conventional loans, jumbo loans, government-backed loans and refinance loans. The lender is a subsidiary of PlainsCapital Bank.

Real Genius is a division of FirstBank, a publicly traded bank based in Nashville, Tennessee. Real Genius, formerly known as ConsumerDirect Mortgage, offers both home purchase and refinance loans.

New American Funding is a mortgage lender offering a variety of home loan options to homebuyers and homeowners nationwide except for Hawaii. The company, founded in 2003 and based in Tustin, California, has originated $61.9 billion in mortgages to date.

Guild Mortgage is a San Diego-based lender established in 1960 and focused on residential home loans. Guild Mortgage offers buyers in 43 states a full suite of mortgage products, including conventional loans, government-backed mortgages and jumbo loans.

SoFi is an online lender founded in 2011 and headquartered in San Francisco that offers fixed-rate mortgages. Refinance, jumbo and home equity loans are also available.

CMG Financial is a privately held mortgage banking firm operating nationwide with localized support, founded in 1993 and based in San Ramon, California. The lender offers a range of products, including conventional, government and specialty mortgages, like jumbo loans.

Founded in 1990, Freedom Mortgage is one of the country’s largest loan originators and services, operating in all but two states plus the District of Columbia, the US Virgin Islands and Puerto Rico. Based in Mount Laurel, New Jersey, Freedom Mortgage was named No. 1 Veterans Affairs lender and No. 1 Federal Housing Administration lender by the industry publication Inside Mortgage Finance. Freedom Mortgage offers a range of mortgage loans, including conventional, adjustable-rate, refinance, FHA, VA and US Department of Agriculture. But what Freedom Mortgage is known for is its mission to help American military personnel purchase a home.

LoanDepot is a mortgage lender that operates nationally with more than 200 branches and delivers both a digital experience and face-to-face service. The lender offers fixed- and adjustable-rate conventional mortgages, Federal Housing Administration and Department of Veterans Affairs loans, as well as refinance and renovation loans. The company was founded in 2010 and is based in Foothill Ranch, California.

Alliant Credit Union is a not-for-profit financial cooperative that serves customers in all 50 states. Alliant offers products such as conventional, jumbo, refinancing and home equity line of credit loans, but specific mortgage products may not be available in certain states.

Guaranteed Rate, founded in 2000 and based in Chicago, offers mortgage options including conventional loans, Federal Housing Administration loans, jumbo loans and interest-only loans to customers in all 50 states and Washington, DC Borrowers can take advantage of specialized loan products and Guaranteed Rate’s online application, documentation and loan payment options.

Advertising Disclosure: Some of the loan offers on this site are from companies who are advertising clients of US News. Advertising considerations may impact where offers appear on the site but do not affect any editorial decisions, such as which loan products we write about and how we evaluate them. This site does not include all loan companies or all loan offers available in the marketplace.

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