Top 5 FHA Lenders in Washington 2019
If you’re looking for the best mortgage lenders in Washington, you have a lot of shopping around to do. Washington is home to a little over 7 million people, and with today’s mortgage rates as low as they are, the housing market is ready for serious home buyers. Home values have increased by nearly 7 percent between December of 2017 through 2018 and are forecasted to rise another 5.2% through 2019.
Consistent rising home values make it the prime time for borrowers on the market for a mortgage loan to do everything they can to keep their housing costs as low as possible. Getting a great mortgage would probably be the best place to start. And, since FHA loans offer low interest rates, down payments as little as 3.5%, and an ultra-low 580 credit score requirement, they’re often some of the most desirable loans for home buyers like you.
In this article, we’ll review the best FHA approved lenders in Washington and how they can help you on your quest to home ownership.
2019 Washington FHA Lender Best Picks
Best for First Time Home Buyers: Guaranteed Rate
Best Online Experience: Quicken Loans/Rocket Mortgage
Best Local Lender: TILA Mortgage
Best Face-to-Face Experience: Axia Home Loans
Best Overall Performance: Ditech Home Loans
#1 Washington FHA Lender: TILA Mortgage
A lender willing to take on the name of one of the most beneficial consumer protection acts ever written has to be able to back up that confidence with its actions. Luckily, TILA mortgage doesn’t disappoint.
Based in the Northwest, TILA has a reputation when it comes to mortgage transparency. But beyond making sure the borrower understands all aspects of a mortgage loan, it is equally as important to them to actually ensure that their client gets the right mortgage loan first.
To that end, The team over at TILA Mortgage puts the customers needs first and works hard to get borrowers a mortgage that is just the right fit. They are a great example of diligence and truth in lending.
#2 Washington FHA Lender: Axia Home Loans
A company after our own hearts, Axia Home Loans operates on the basis of educating the home buyers who choose them both before and during the mortgage process. According to them, A comfortable closing is their goal.
Closings, of course, can be a rough time for any home buyer, but the specialists at Axia are more than capable of creating an environment where the home buyer is confident and ready to for anything. Axia’s loan officers specialize in customer satisfaction, so at no point should a home buyer ever feel as though they have no one to turn to.
User reviews show that past clients are mostly impressed by the companies dedication to providing excellent service and advice to its client base. The level of knowledge and determination will surely be more than capable of getting even the most difficult home loan transactions closed.
#3 Washington FHA Lender: Guaranteed Rate
A Kingpin of the online mortgage trend that plays a large role in FHA financing is Guaranteed Rate. Their participation in the digital mortgage wave leaves many other platforms lacking by comparison.
Guaranteed Rate is also extremely experienced with the origination of FHA loans. FHA financing through one of the best digital mortgage platforms available makes them serious competition to other FHA lenders, and highly favored among repeat and first time home buyers. FHA products are one of highest selling loans through guaranteed rate.
The online platform makes securely uploading the important financial documentation requested for a loan approval fast and easy. Borrowers can even check their credit scores through the service, rather than go elsewhere. Guaranteed Rate is one of the rare few digital mortgage platforms where a mortgage loan can be closed without ever needing to speak with someone unless requested by the home buyer.
#4 Washington FHA Lender: Quicken/Rocket Mortgage
The amazing team over at quicken loans has truly set the standard for the online mortgage experience. In the State of Washington, Rocket Mortgage (a division of Quicken Loans) and Quicken Loans have made the otherwise long and tedious process of FHA financing as simple and straightforward as possible.
The online FHA loan process is highly geared towards a streamlined user experience. Progress on the status of an FHA loan application can be easily tracked online, and preapproval for an FHA loan can be completed in a matter of minutes.
The service even keeps applicants posted with any documentation they may have forgotten or still need to provide. The really impressive part happens to be the support staff that can be reached by phone or through the website that is always standing by to offer their advisory services and answer any questions a potential borrower may have.
#5 Washington FHA Lender: Ditech Home Loans
The mortgage process was never designed to be simple or easy, but that still doesn't stop the team at Ditech from making it feel that way. Ditech has been in the mortgage business for quite some time now, and they are experts at FHA financing.
Still, it wasn’t until recent revamps to the company that Ditech truly blossomed into the powerhouse that it is now, truly deserving of a place in the top 5 best FHA lenders. Ditech loan officers work hard at bridging the gap between mortgage professionals and home buyers, creating a dialogue about every step in the mortgage transaction as it transpires.
Home Buyers can be confident in the prowess of Ditech loan officers, who consistently find the lowest possible rates and fees for their clients. They are even among the top lenders when it comes to an easy closing, with minimal stress.
Shop Around Before You Get a Washington FHA Loan
Our picks for the best FHA lenders in Washington may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. As a home buyer, regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal home loan that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best FHA lender in your area, don't hesitate to contact a home.loans mortgage expert!