Seattle's Low Payment Conventional Mortgage Lender
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 over 15 years.
Get a low cost, low rate, fast close home loan today.
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: $726,200
- 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 $726,200
- 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.
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 $726,200 up to county loan limit
- LTV's as high as 95%
- 620+ FICO
- Close most loans in 19 days or less by triggering the CD at initial underwrite
High Balance
The 5% down payment knockout.
- Loan amounts starting at $726,201 up to $977,500 (can purchase up to 1m with 5% down)
- LTV's as high as 95%
- 620+ FICO
- Close most loans in 19 days or less by triggering the CD at initial underwrite
*also works with the Elite products, fixed and ARMs
Elite High Balance
We’ve reserved our best pricing for those with FICO scores over 700. Our low down payment options, industry leading PMI pricing and seamless closes are the obvious choice for our top tier buyers!
- 700+ FICO
- Up to 95% financing
- Buy up to $1Million in King, Pierce, and Snohomish counties with only a 5% down payment
- Appraisal Waivers honored
- Underwrite to AUS findings
- Includes convention and high balance
- Close most loans in 15 days or less by triggering the CD at initial underwrite
ARMS: 5,7 and 10 Year:
Conventional Elite 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 5, 7, and 10 year
- 620+ FICO, up to 95% LTV
- Primary, second, investment, purchase, rate/term and cash out refinance
- Conventional Elite High Balance 5, 7, and 10 year
- 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 $726,200 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.
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 90% 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 $726,201 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.
Pay Advantage Preferred
Pay Advantage Preferred treats our top-tier clients to added incentives. Offering up to 30BPS discount off M.I. adjustments for buyers with +760 FICO. Eliminate the monthly mortgage insurance while receiving all of the benefits and combinable incentives SMB has to offer.
- Loan amounts up to $424,100
- Elite pricing available to top-tier clients
- Loan terms available from 8-30 years
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 maxium 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 elliminate monthly mortgage insurance
- Accomodate 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.
- No condo questionnaire required
- Terms from 8-30 years available
YOUNITED Lending With a Purpose
Lending With a Purpose is more than a tagline; It’s what drives us to be our best. At SMB we understand each mortgage we provide helps a family locally but also has the ability to provide sustainable, salubrious economic opportunity to those most in need.
“I alone cannot change the world, but I can cast a stone across the waters to create many ripples.”
-Mother Teresa
