Advertiser Disclosure

Best Seattle Mortgage Lenders of 2019

Feb. 12, 2019
Finding the Right Mortgage, Mortgages
At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Many or all of the products featured here are from our partners. Here’s how we make money.

Seattle is one of America’s fastest-growing cities, and it’s easy to see why. Residents can enjoy views of Mt. Rainier, plenty of coffee shops and ample job opportunities. Want to join them and become an Emerald City homeowner? It all starts with the right mortgage lender, and we’ve narrowed the field so your search can be even simpler.

NerdWallet compared Seattle’s leading mortgage companies — high-volume national brands along with local options — to identify the best ones for first-time home buyers and current homeowners alike.

When shopping for a mortgage in Seattle, it’s important to keep your personal needs and preferences in mind. Some companies may offer lower rates or many different loan options, while others may have more affordable fees or specialize in certain mortgage types.

» MORE: Five tips for finding the best mortgage lender

NerdWallet’s best Seattle mortgage lenders

These national and regional institutions have been reviewed by NerdWallet and are among the top mortgage lenders in the Seattle area, according to the latest available data.

Learn more

at Caliber Home

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for first-time home buyers, veterans and those who may have credit challenges to overcome.

 

Learn more

at Quicken Loans

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal choice for convenience and quick-response customer service. Quicken Loans provides just about all the services your neighborhood lender does — with online convenience.

 

Learn more

at Guild Mortgage

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.

 

Learn more

at Bank of America

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for borrowers who prefer a traditional bank. Bank of America offers a wide array of mortgages and online account management tools. It also has first-time home buyer loans with low down payments and no mandatory mortgage insurance.

 

Learn More

at Fairway

National / regional

National

Min. down payment

3%

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.

 

Learn more

at Chase

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for first-time home buyers who want to talk to a loan officer in person or on the phone, and for homeowners who want to refinance their mortgages in 60 days or less. Chase offers a full line of mortgage products and account management tools.

 

Learn more

at LoanDepot

Min. credit score

620

Min. down payment

3.5%

Why we like it

Ideal for borrowers looking for a loan selection that nearly rivals banks. LoanDepot has affiliated locations nationwide and is well-rated for low customer complaint volume.

 

Learn more

at Flagstar

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for those who appreciate the full-service experience of a leading regional bank. Flagstar offers a full menu of fixed and adjustable home loans and mortgage refinancing, as well as jumbo loans and home equity financing.

 

Learn more

at Navy Federal

National / regional

National

Min. down payment

0%

Why we like it

Ideal for military members and their families. Navy Federal Credit Union offers a wide range of mortgage products and low minimum loan amounts, and considers alternative credit data.

 

Learn More

at PrimeLending

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for borrowers looking for help with closing costs: PrimeLending's proprietary program, NeighborhoodEdge, helps qualified low- to moderate-income borrowers with up to $2,000 in closing cost credits (certain restrictions are based on income and location).

 

» MORE: See more Washington mortgage lenders

Local mortgage lenders in Seattle

While these lenders have not been reviewed by NerdWallet, they do a lot of lending in Seattle and are popular with the city’s mortgage shoppers. Check them out if you want to include a local company or two on your list.

Homestreet Bank

  • Participates in down payment assistance programs.
  • Offers special loans for medical professionals and borrowers with unique income streams.
  • Provides mortgage lending customer service only Monday through Friday.
  • Has over a dozen home loan centers in and around Seattle.

Boeing Employees Credit Union (BECU)

  • Offers membership to anyone who lives or works in Washington state.
  • Does not charge origination fees on conventional mortgage loans.
  • Works with third-party companies to provide rebates on real estate agent commissions.
  • Over a dozen branch locations in and around Seattle.

Evergreen HOME LOANS

  • An independent mortgage company headquartered in Bellevue, Washington
  • Has a program that reimburses the down payment amount if the property is sold at loss in the future.
  • Offers a guarantee that pays a seller $2,500 if a borrower makes an offer and the loan then falls through.
  • Has only one branch location in Seattle.

First Tech Federal Credit Union

  • Primarily serves high-tech or telecom company employees and their families.
  • Doesn’t offer FHA, VA or USDA loans.
  • Offers a specialized 5/5 adjustable-rate mortgage.
  • Has only one branch location in Seattle.

Best Seattle Mortgage Lenders: Summary

Caliber Home Loans: Best for first-time home buyers.

Quicken Loans: Best for quick-response customer service.

Guild Mortgage: Best for mortgages with down payment assistance.

Bank of America: Best for jumbo loans up to $5 million.

Fairway Independent Mortgage: Best for mobile app experience.

Chase Mortgage: Best for conventional loans.

loanDepot: Best for strong customer service.

Flagstar Bank: Best for renovation and construction loans.

Navy Federal Credit Union: Best for military members and their families.

Primelending: Best for borrowers with past credit issues.

Homestreet Bank: Top Seattle lender.

Boeing Employees Credit Union (BECU): Top Seattle lender.

Evergreen Home Loans: Top Seattle lender.

First Tech Federal Credit Union: Top Seattle lender.

More from NerdWallet

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.