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5 Best WSHFC Mortgage Lenders of 2020

NerdWalletJanuary 2, 2020

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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.

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.

Summary of Best WSHFC Mortgage Lenders of 2020

LenderNerdWallet Rating Minimum Credit Score Minimum Down PaymentLearn More

Guild Mortgage

Best for government loans & borrowers with credit issues

620

3%

Read review

PrimeLending

Best for government loans

620

3%

Read review

Fairway Independent Mortgage

at Fairway

Best for customer service

620

3%

at Fairway

loanDepot

at loanDepot

Best for customer service

620

3.5%

at loanDepot

Best for borrowers with credit issues

620

3%

Read review

Guild Mortgage: NMLS#3274

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Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Ideal for borrowers with a relatively high credit score who may need down payment assistance or help from a state housing agency.

Pros

  • Works with loan programs offered by state and local housing agencies.

  • Specializes in mortgages for first-time home buyers.

  • Almost half of its loans are low-down-payment government mortgages.

  • Considers alternative credit, such as history of payments on rent and utilities.

Cons

  • With a concentration of offices in the West and South, Guild has little presence in the Northeast and Midwest.

  • Jumbo borrowers may find that banks are more competitive when it comes to large loan amounts.

Read Full Review

PrimeLending: NMLS#13649

Logo

Min. Credit Score

620

Min. Down Payment

3%


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 a proprietary closing-cost assistance program.

Cons

  • No online mortgage rates — you have to contact the lender for info.

  • Doesn't offer home equity products.

Read Full Review
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at Fairway

Fairway Independent Mortgage: NMLS#2289

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Min. Credit Score

620

Min. Down Payment

3%

at Fairway


Why we like it

Ideal for borrowers who want lots of options and a quick turn time. Fairway Independent Mortgage offers a full selection of home loans along with a comprehensive mobile app for a fast and easy application process.

Pros

  • A robust suite of loan products.

  • Licensed in all 50 states.

  • Close in as little as 10 days using the Fairway app.

Cons

  • Limited branch locations.

  • Mortgage rates not posted on website.

Read Full Review
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at loanDepot

loanDepot: NMLS#174457

Logo

Min. Credit Score

620

Min. Down Payment

3.5%

at loanDepot


Why we like it

Ideal for borrowers looking to get a mortgage with help from a loan officer. Digital back-office operations are said to add efficiency to the loan process.

Pros

  • Offers digital income, asset and employment verification.

  • Has over 150 affiliated loan stores nationwide for customers who prefer face-to-face service.

  • One of the nation’s most active lenders of FHA and VA loans.

Cons

  • Published mortgage rates include up to three points of prepaid interest and fees.

  • Does not offer home equity loans or lines of credit.

Read Full Review

Caliber: NMLS#15622

Logo

Min. Credit Score

620

Min. Down Payment

3%


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.

  • Provides digital tools for a streamlined application process.

  • Participates in some state down payment assistance and first-time homebuyer programs.

Cons

  • No mortgage rates displayed online.

  • Doesn't offer home equity loans or lines of credit.

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.

  • 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.

  • 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.

  • 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.

  • 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

Last updated on January 2, 2020

Methodology

NerdWallet's selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. 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 2020