CONVENTIONAL MORTGAGE LOAN OPTIONS

Low Cost. Low Rate. Fast Time To Close

Our conventional mortgage programs offer low rates and fast closings, tailored to your needs. Whether you're a first-time buyer or an experienced investor, we can help find the perfect loan product for your needs.

Over 150 Seattle home buyers have gotten a lower cost on their home loan, with Seattle’s Mortgage Broker

Competitive Interest Rates

Save money with a shorter term loan

Low down
payment options

Seattle's Low Payment Conventional Mortgage Lenders

A conventional mortgage is a home buyer loan that is not secured by the federal government. SMB has been providing Seattle affordable quick close conventional mortgages for years.

Seattle Conventional Loan Products

Conventional

The obvious choice for the top-tier buyer! Comprised of some of the best conventional mortgage rates in Seattle, WA and pricing in the industry.

620+ FICO
Primary, second and investment properties
Loans up to: $766,550
Eligible for primary, second and investment properties on purchase, rate/term and cash-out refinances
LTV's as high as 97% on purchase and rate/term refinances
LTV's as high as 80% on primary home and 75% on second home and investment cash-out refinances
High Balance available for loan amounts over the county loan limit
First Time Home Buyer can do as low as 3%, purchase price would be: $747,986

Conventional Elite

SMB's Elite program allows you to close quickly, with less effort.

700+ FICO, up to 80% LTV
Loan amounts from $125,000 up to $766,550
Eligible for primary, second and investment homes
Appraisal Waivers honored
Includes conventional and high balance
Available on single- and multi-wide, condos and PUDs
Close most loans in 15 days or less by triggering the CD at initial underwrite.

High Balance

The 5% down payment knockout.

Loan amounts starting at $766,550 up to $977,500 (can purchase up to 1m with 5% down)
620+ FICO
Close your loan in 14 days or less by triggering the CD at initial underwrite

*also works with the Elite products, fixed and ARMs

Elite High Balance

Elite High Balance offers some of the best conventional high balance rates and pricing for our top-tier clients. You'll receive industry-leading turn times, direct access to your file in process, and award-winning technology to keep you in the know.

Loan amounts from $766,550 up to county loan limit
LTV's as high as 95%
620+ FICO
Close most loans in 8 days or less by triggering the CD at initial underwrite

ARMS: 5, 7, and 10 Year

Conventional 5, 7,  and 10 year

700+ FICO, up to 80% LTV
Primary, second, and investment properties on purchase, rate/term and cash out refinance
$125,000 minimum loan amount

Conventional Elite 5, 7,  and 10 year

700+ FICO, up to 95% LTV
Primary, second, investment, purchase, rate/term and cash out refinance
700+ FICO, up to 80% LTV
Primary, second, and investment properties on purchase, rate/term and cash out refinance
Loan amounts from $125,000 up to county loan limit

Conventional High Balance 5, 7, and 10 year

620+ FICO, up to 95% LTV
Primary, second, investment properties on purchase, rate/term refinance and cash out refinance
Loan amounts from $766,550 up to county loan limit*

*You can buy a million dollar home with as little as 5% down when purchasing in King, Pierce, or Snohomish counties.

Other Conventional Loan Products

Elite High Balance ARM

Are you a well qualified buyer looking for an ARM to accomodate higher a higher purchase price? The Elite High Balance 5/1 and 7/1 ARM products are great options.

700 FICO
Up to 95% Loan to Value
Appraisal Waivers Honored
Underwrites to AUS findings

*You can buy a million dollar home with as little as 5% down when purchasing in King, Pierce, or Snohomish counties.

MI Buster

UWM’s exclusive product that eliminates monthly mortgage insurance on loans with a higher LTV.

Conventional 30-year fixed only; Flex Term not available
Available for primary and second home purchases and rate/term refinances
LTV between 80.01 and 89.99%
Up to 45% DTI
680+ FICO
Loan amounts starting at $200,000
MI Buster High Balance available for loan amounts over the county loan limits

Homeone

Qualify more first-time homebuyers with this 3% down  payment solution.

Purchases up to 97% LTV
No income restrictions
Available in all geographic locations
Eligible for single family homes, including townhouses and condos
At least one borrower must be a first time homebuyer
LPA only
Close most loans in 19 days or less by triggering the CD at initial underwrite
Available on single- and multi-wide, condos and PUDs for Manufactured Homes with LTV up to 95%

High Balance

Time is of the essence with every purchase. Don't waste time over-shopping, get the most competitive rate and close your High Balance loan in record time!

Loan amounts from $766,550 up to County Loan Limits*
Elite pricing available to top-tier clients
640+ FICO
Property Inspection Waivers honored
Underwrites to AUS findings

*You can buy a million dollar home with as little as 5% down when purchasing in King, Pierce, or Snohomish counties.

Ultimate Advantage Blue

Ultimate Advantage Blue allows a one-time, up-front M.I. premium to eliminate the monthly Private Mortgage Insurance payment, while ensuring the the maximum credit to offset the closing fees. We help strengthen your purchase by giving you the best of both worlds.

Down payment as low as 3%
Use seller contributions to eliminate monthly  mortgage insurance
Accommodate a low rate and payment while providing a premium credit to negate closing costs
Now you can qualify for the home of your dreams!

Flex Term

Customize the perfect loan for your family without reseting the mortgage clock! Flex Term provides you with flexible options to select your amortization term.

Available on most conventional products
Terms from 8-30 years available

Limited Review Condos

SMB makes your condo approval quick and easy with our limited review process. Files receiving a limited review response in AUS will only need a minimum evaluation by our investors condo department.