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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 Mortgage Loan 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
  • Loan amounts up to county loan limit
  • 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
  • Loans up to: $647,200
  • First Time Home Buyer can do as low as 3%, purchase price would be: $667,216
  • Non-FTHB need at least 5% down, purchase price would be $681,263

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 $647,250
  • 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 19 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 $647,200 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% downpayment knockout.

  • Loan amounts up to $891,250
  • Purchase price of $938,158
  • LTV's as high as 95%
  • 620+ FICO
  • Close most loans in 19 days or less by triggering the CD at initial underwrite

Elite High Balance


  • 700+ FICO
  • Up to 80% LTV
  • Loan amounts from $647,200 up to county loan limits
  • Appraisal Waivers honored
  • Underwrite to AUS findings
  • Includes convention and high balance
  • Close most loans in 19 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 $647,200 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 $647,200 up to county loan limit

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
  • Loan amounts from $453,101 up to County Loan Limits
  • Appraisal Waivers Honored
  • Underwrites to AUS findings 

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 $424,101 up to County Loan Limits
  • Elite pricing available to top-tier clients
  • 640+ FICO
  • Property Inspection Waivers honored
  • Underwrites to AUS findings 

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