Whether this is your first home purchase or you’re an experienced home buyer, we have the knowledge, experience, and tools to help get a loan for you at an excellent rate. We are committed to making the home buying process as easy as possible by:
Whether you’re ready to make an offer on the home of your dreams or haven’t even attended your first showing, TILA Mortgage can help with a mortgage pre-approval. With our pre-approval in your hands, you’ll be able to close faster and have more negotiating power with the seller.
We have locations throughout the Puget Sound and serve all of Washington state. And if you’re purchasing a home in Oregon, we can even help with that, too!
With this type of mortgage, the payment stays fixed over the life of the loan. Even if market rates change drastically, payments remain the same from month to month.
This type of mortgage loan is characterized by interest rates that adjust or fluctuate in with the market. They typically offer an introductory/lower interest rate which is set for an initial period of time. After that, the interest rate may rise or fall, as will the monthly payments.
These loans are insured by the Federal Housing Administration and originated by certain FHA-approved lenders. They require a low 3.5% down payment and allow the buyer to finance most of the closing costs.* These loans are designed to assist borrowers who need help getting loan approval because of lower credit scores or limited down payments.
This type of loan is used to purchase higher prices homes. Fannie Mae and Freddie Mac set loan limits for mortgages that are considered “conventional” loans that are taken out in excess of these limits are considered Jumbo Loans.
This type of loan is used to purchase property for investment purposes as opposed to one’s private residence. Often the property will be used for rental purposes, such as a rental home, apartment building, or other space that gives the owners an opportunity to create profit and income over the long term.
These loans are available to active duty or military veterans and are insured by the U.S. Department of Veterans Affairs. They require no down payment and can be used for either a home purchase or a refinance.
The FHA 203k loan program provides home buyers the opportunity to buy and fix up a property without exhausting their personal savings. Home buyers can purchase a property and also finance the repair or remodel costs up to $35,000 in one simple fixed-rate loan.
This Guaranteed Rural Housing Loan Program is offered through the U.S. Department of Agriculture. The program offers assistance to low and moderate-income rural residents whose income is equal to or less than 115% of the area median income. It allows 100% financing with a 30-year fixed-rate mortgage in specifically designated areas deemed “rural” by the USDA.
Applying for a home loan is easy with TILA. We walk you through the entire process of getting a home loan, making sure you understand and feel comfortable with every last detail. We listen to you so we can understand your goals and recommend an excellent product for you and your family.
Key Areas We Review:
The first step of the process is to submit an application. This will include questions about your past and current employment, rental information (if applicable), and any recurring debt payments you may have like car loans, student loans, credit cards, and furniture payments.
We will also order a credit report, which will give us an idea of your history of paying bills on time. This information helps us to determine whether you can pay back the loan, and what type of mortgage you may qualify for. At TILA Mortgage, our customers know very early in the home loan process which product fits their situation, along with the fees and other costs that may be involved.