7 Best WSHFC Mortgage Lenders of 2021 - NerdWallet Advertiser disclosure
You re our first priority br Every time
We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners.BEST OF 7 Best WSHFC Mortgage Lenders of 2021
The WSHFC aims to expand the access and affordability of housing in Washington. Here are some of the highest-rated WSHFC-affiliated lenders we’ve reviewed.NerdWallet Jan 29, 2021 Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money. The WSHFC is a state housing agency that aims to expand access to and affordability of housing in the Evergreen State. Officially called the Washington State Housing Finance Commission, WSHFC works with participating lenders to offer first-time home buyer loan programs. Benefits can include thousands of dollars in down payment assistance. The agency works with a long list of lenders — so many that it might be difficult to know just where to start. NerdWallet has researched WSHFC-affiliated lenders and found and reviewed the highest-rated lenders. We've also noted some of the high-volume mortgage originators that underwrite WSHFC-sponsored loans. » MORE: Explore WSHFC loan programs, rates and income limits The WSHFC is a state housing agency that aims to expand access to and affordability of housing in the Evergreen State. Officially called the Washington State Housing Finance Commission, WSHFC works with participating lenders to offer first-time home buyer loan programs. Benefits can include thousands of dollars in down payment assistance. The agency works with a long list of lenders — so many that it might be difficult to know just where to start. NerdWallet has researched WSHFC-affiliated lenders and found and reviewed the highest-rated lenders. We've also noted some of the high-volume mortgage originators that underwrite WSHFC-sponsored loans. » MORE: Explore WSHFC loan programs, rates and income limits Best WSHFC Mortgage Lenders
LenderNerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.Min. credit score Minimum credit score on top loans; other loan types or factors may selectively influence minimum credit score standardsMin. down paymentLearn more New American Funding NMLS#6606Learn more at New American Funding 4.5/5 Best for first-time home buyers620 FHA:500JUMBO:N/AUSDA:640VA:500CONVENTIONAL:6203%New American Funding works with down payment assistance programs in 14 states, including California, Texas, Florida and Illinois.Learn more at New American Funding Fairway Independent Mortgage NMLS#2289Learn more at Fairway Independent Mortgage 3.5/5 Best for customer service options620 CONVENTIONAL:620FHA:580JUMBO:N/AUSDA:620VA:6403%Fairway Independent Mortgage offers conventional mortgages with flexible terms and mortgage insurance options on down payments less than 20%.Learn more at Fairway Independent Mortgage loanDepot NMLS#174457Read review 4.0/5 Best for customer service options620 JUMBO:N/AVA:620FHA:580CONVENTIONAL:6205%LoanDepot offers conventional loans with as little as 5% down.Read review Guild Mortgage NMLS#3274Read review 3.5/5 Best for borrowers with lower credit scoresN/A VA:N/AUSDA:N/AJUMBO:N/AFHA:N/ACONVENTIONAL:6203.5%Guild Mortgage offers conventional loans with as little as 3% down.Read review PrimeLending NMLS#13649Read review 4.0/5 Best for government loans580 CONVENTIONAL:620FHA:580JUMBO:N/AUSDA:620VA:5803.5%PrimeLending offers conventional loans with down payments as low as 3%.Read review Caliber NMLS#15622Read review 3.5/5 Best for borrowers with lower credit scores580 VA:580USDA:N/AFHA:580CONVENTIONAL:620JUMBO:6803.5%Caliber offers conventional loans with as little as 3% down.Read review Homebridge NMLS#6521Read review 3.5/5 Best for online capabilities620 FHA:550USDA:550CONVENTIONAL:620JUMBO:N/AVA:5503%Homebridge offers conventional loans for as little as 3% down.Read reviewLearn more at New American Funding New American Funding NMLS#6606
4.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 FHA:500JUMBO:N/AUSDA:640VA:500CONVENTIONAL:620 Min. down payment3% New American Funding works with down payment assistance programs in 14 states, including California, Texas, Florida and Illinois. View details Learn moreat New American Funding View details Why we like it Good for: First-time home buyers and other borrowers looking for a broad array of loan choices. Pros Offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities. Its home equity line of credit can be used for an owner-occupied or second home. Offers a program to enable buyers to make cash offers. Cons Mortgage origination fees tend to be on the high end, according to the latest federal data.Read Full ReviewLearn more at Fairway Independent Mortgage Fairway Independent Mortgage NMLS#2289
3.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 CONVENTIONAL:620FHA:580JUMBO:N/AUSDA:620VA:640 Min. down payment3% Fairway Independent Mortgage offers conventional mortgages with flexible terms and mortgage insurance options on down payments less than 20%. View details Learn moreat Fairway Independent Mortgage View details Why we like it Good for: borrowers who want access to a wide variety of mortgages, including renovation loans and ITIN loans. Pros Offers a robust suite of loan products, including ITIN loans for borrowers without Social Security numbers, renovation loans, government-backed mortgages and loans for self-employed borrowers. Receives high marks for customer satisfaction, according to J.D. Power and Zillow. Cons Mortgage rates for different types of loans aren't posted online. Origination fees are on the high side compared with other lenders, according to the latest federal data.Read Full ReviewRead review loanDepot NMLS#174457
4.0NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 JUMBO:N/AVA:620FHA:580CONVENTIONAL:620 Min. down payment5% LoanDepot offers conventional loans with as little as 5% down. View details Read reviewView details Why we like it Good for: borrowers who want an easy online application and a variety of loan types to explore. Pros Has branches across the country for customers who prefer face-to-face service. Receives high marks for customer satisfaction, according to J.D. Power and Zillow. Mortgage interest rates tend to be on the lower end, according to the latest federal data. Cons Mortgage rates aren't available online; you'll need to contact a loan officer. Doesn't offer home equity loans or lines of credit.Read Full ReviewRead review Guild Mortgage NMLS#3274
3.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit scoreN/A VA:N/AUSDA:N/AJUMBO:N/AFHA:N/ACONVENTIONAL:620 Min. down payment3.5% Guild Mortgage offers conventional loans with as little as 3% down. View details Read reviewView details Why we like it Good for: borrowers who value customer service, and first-time home buyers and others who may need the flexibility of a low-down-payment loan program. Pros Offers a wide variety of loan products, including home improvement loans and mortgages for manufactured homes. Has retail branches in most states. Receives high marks for customer satisfaction, according to J.D. Power and Zillow. Cons Does not offer home equity loan products. Origination fees tend to be higher, according to the latest federal data.Read Full ReviewRead review PrimeLending NMLS#13649
4.0NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score580 CONVENTIONAL:620FHA:580JUMBO:N/AUSDA:620VA:580 Min. down payment3.5% PrimeLending offers conventional loans with down payments as low as 3%. View details Read reviewView details Why we like it Good for: borrowers looking for closing cost assistance, as well as those seeking to renovate or to build a new home. Pros Full online application includes document uploads and automated loan updates. Offers a "float-down" interest rate lock. Offers government-backed mortgage and refinance options, including FHA, USDA and VA loans. Cons No online mortgage rates — you have to contact the lender for info.Read Full ReviewRead review Caliber NMLS#15622
3.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score580 VA:580USDA:N/AFHA:580CONVENTIONAL:620JUMBO:680 Min. down payment3.5% Caliber offers conventional loans with as little as 3% down. View details Read reviewView details Why we like it Good for: first-time home buyers, veterans and those who may have credit challenges to overcome. Pros Offers extensive educational resources for military borrowers. Participates in some down payment assistance and first-time home buyer programs. Cons No mortgage rates displayed online. Doesn’t offer home equity loans or lines of credit.Read Full ReviewRead review Homebridge NMLS#6521
3.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 FHA:550USDA:550CONVENTIONAL:620JUMBO:N/AVA:550 Min. down payment3% Homebridge offers conventional loans for as little as 3% down. View details Read reviewView details Why we like it Good for borrowers who want a loan officer's help, in person or on the phone, when deciding among the wide range of available mortgage options — including loans to buy and renovate. Pros Offers a full array of mortgage products, including government and renovation loans. Online portal keeps borrowers up to date on the loan application's progress. Offers home equity lines of credit, or HELOCs. Cons Doesn't post interest rates on its site. Lender fees are on the high side, according to the latest federal data.Read Full Review More WSHFC participating mortgage lenders
These are among the high-volume WSHFC-approved lenders in Washington. The lenders haven't been reviewed by NerdWallet. HomeStreet Bank
Headquartered in Seattle with over two dozen home loan centers in the state. A dedicated loan officer guides the process from application to closing. Offers a “shared appreciation” equity investment program that can cut your down payment in half in exchange for an equity stake in your home. Evergreen Home Loans
A guaranteed financing commitment reinforces your purchase offer and can help speed closing. You can start your loan application online. If you don’t have a real estate agent, Evergreen will help you find one. Umpqua Bank
Banking customers can receive a $500 discount on their home loan. It was founded in Oregon, but it's also a top-10 mortgage lender in Washington. No origination fee on certain loans. Eagle Home Mortgage
Offers a digital mortgage process from your phone, tablet or laptop. Get pre-qualified in as little as 10 minutes. A first-time home buyer guide helps you prepare for the process. More from NerdWallet How much house can you afford? Compare Washington mortgage rates See other first-time home buyer programs by state Last updated on January 29, 2021 Methodology
NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team. To recap our selections... NerdWallet' s Best WSHFC Mortgage Lenders of 2021
New American Funding: Best for first-time home buyersFairway Independent Mortgage: Best for customer service optionsloanDepot: Best for customer service optionsGuild Mortgage: Best for borrowers with lower credit scoresPrimeLending: Best for government loansCaliber: Best for borrowers with lower credit scoresHomebridge: Best for online capabilities About the author
NerdWallet
Email