Good mortgage company in Seattle area?

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Looking for a good mortgage company in the seattle area need a 500k loan!

I want to buy a condo for $ 200K in seattle. Down pay $ 50K and get a loan on the rest. I want to move before I get a job there so its gonna be tougher to get a loan at a fair enough interest rate. I heard they are very picky about giving out loans these days. I was wondering if it would be easier if I had someone cosign for me.
i should add, i am currently unemployed.
Thanks for all your responses! I just wanted to add a question. The reason I was thinking of buying is because the home prices are going down and so I wanted to take this opportunity to invest. Rent for a one bedroom in Seattle is about $ 900-$ 1000 and the monthly mortgage payment is just a little bit more than that. So I thought I’d be saving in the long run. What do you think?

  1. Reply
    January 30, 2011 at 8:40 am

    America Mortgage they rock!! Did my loan the only thing i felt was lower payments and a fixed rate!! it rocked if you want there company info send me an email!

  2. Reply
    January 30, 2011 at 9:24 am

    debt consolidation

    if someone wants to get out of debt today it is pretty easy with a debt consolidation plan
    however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

    a good place to start in my humble opinion is:

  3. Reply
    January 30, 2011 at 9:50 am

    I am a mortgage broker who works with over 100 lenders nationwide and specialize in working with all credit types and loan sizes. Please feel free to contact me via e-mail or my direct line (813) 352-8345 and I would be happy to take a look at your situation and find the right loan which fits your needs. There is absolutely no obligation and if nothing else you will know where you stand and what you qualify for. Joseph Correa~

  4. Reply
    January 30, 2011 at 10:17 am

    Try asking your employer.

  5. Reply
    wild bill
    January 30, 2011 at 10:47 am

    Why don’t you rent for a while? Nothing fancy. See how the market goes. Everything is so volatile right now. Waiting will work in your favor. You’d get more time to search neighborhoods. Job might tank.

  6. Reply
    January 30, 2011 at 11:36 am

    You say the asking price for the condo is $ 200K, how do you know what the asking price will be this time next year?
    YOUR BANK is asking the same question. You could lose your entire deposit in one year if you’re not careful and your bank would lose collateral value on the loan they advanced you which would dramatically affect your credit.
    BE WISE. Unless you get an absolutely fabulous bargain don’t even think about buying yet. Leave it for a year and hang onto your cash it’s very valuable. You’ll be glad you did.

  7. Reply
    Kathy M
    January 30, 2011 at 12:02 pm

    I was a loan officer for 12 years and just got out of the mortgage business because the market is so bad right now.

    For your original question: As far as I know, you can’t get a home loan without a job…even if you put $ 50,000 down. However, you might get the loan with a co-borrower who has a job.

    A lender might allow you to be a co-borrower if you’re the one putting up your own $ 50,000 (assets) but no income. And then they would have to see if you qualify for the monthly payment based on your co-borrower’s income ONLY since YOU don’t have an income at this time. (Hope that makes sense the way I said it.)

    But a couple of other things: The folks in here encouraging you to wait to see about the economy…take all of that into consideration…especially since you have no job when you’re moving to a new location in a bad economy. You may have a job skill that you have confidence in as in “no matter where I move, I will always have a job”. That’s great and it may be true in normal circumstances. But we are not in a normal economy!! Do you expect your co-borrower to agree to make all the payments while you are looking for a job? Are they able to?

    Go straight to one of the big lenders and tell them what you want. Let them pre-qualify you for a mortgage. Thi

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