Best of

Best WSHFC Mortgage Lenders of 2019

NerdWalletJuly 2, 2019

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

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.

Min. Credit Score

620

Min. Down Payment

3%

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
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Low rate of consumer complaints filed with the Consumer Financial Protection Bureau.
  • Request a pre-qualification through PrimeLending’s secure system from a phone, tablet or computer.
  • Niche mortgage products include energy-efficient mortgages, FHA 203(k) renovation and remodeling loans, manufactured home mortgages and home construction loans.
  • Free “float down” interest rate option lets borrowers choose the lower rate if interest rates fall, even with a rate lock.
  • NeighborhoodEdge closing cost assistance program for low- to moderate-income borrowers allows qualified borrowers $2,000 in closing cost credits (restrictions on income and location).
  • “Alternative doc” program lets borrowers qualify for mortgage based on bank statements rather than tax returns.

Cons

  • No live chat online.
  • No online mortgage rate quotes.
Read full review
National / Regional

National

Min. Down Payment

3%

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
loanDepot

at loanDepot

Min. Credit Score

620

Min. Down Payment

3.5%

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
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Participates in some down payment assistance programs.
  • Offers educational resources for military borrowers.
  • Provides digital tools for a streamlined application process.

Cons

  • No mortgage rates displayed online.
  • Must work with a loan officer for pre-qualification and preapproval.
Read full review

Summary of Best WSHFC Mortgage Lenders of 2019

LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Guild Mortgage

Guild Mortgage

government loans & borrowers with credit issues

620

3%

Read review
PrimeLending

PrimeLending

government loans

620

3%

Read review
Fairway

Fairway

customer service

N/A

3%

Read review
loanDepot

loanDepot

at loanDepot

customer service

620

3.5%

at loanDepot

Caliber

Caliber

borrowers with credit issues

620

3%

Read review
LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Guild Mortgage

Guild Mortgage

government loans & borrowers with credit issues

620

3%

Read review
PrimeLending

PrimeLending

government loans

620

3%

Read review
Fairway

Fairway

customer service

N/A

3%

Read review
loanDepot

loanDepot

at loanDepot

customer service

620

3.5%

at loanDepot

Caliber

Caliber

borrowers with credit issues

620

3%

Read 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

Last updated on July 2, 2019

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 2019