Mortgage Loans

Speed through the home financing process with lending options personalized for you. Whether you're a first-time homebuyer, refinancing, or making a new home purchase, our experts at Evergreen Home Loans can provide you with a wide range of flexible terms and many home financing solutions.

If you are interested in applying, have a question, or simply want to learn more, please contact our friendly Loan Consultant at Evergreen Home Loans.

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Cheryl Leidle

NMLS #9029

225 108th Ave NE, Ste N-200 Bellevue, WA 98004
Phone: 800-459-5331 Fax: 425-732-5766
Mail: cleidle@evergreenhomeloans.com   

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30 Year Fixed

  30 Year Fixed Rate
Interest Rate 4.375%
APR 4.561%
Estimated Payment $ 998.57
Loan Amount $ 200,000
Down Payment $ 50,000
Loan-To-Value <80%
Occupancy Primary

The payments listed shown here do not include tax or insurance, which are required and will make the monthly payments higher. A full quote of all fees and charges specific to your transaction will be disclosed on the Loan Estimate (LE) once you apply.

The scenarios shown here are based upon the following:

A 30 year (360 month) fixed rate loan term in the state of Washington for a borrower with Very Good Credit (credit scores between 720-739) with a 30 day rate lock, on a Primary Residence, purchase transaction, according to the loan amount and down payment / loan-to-value listed shown here. Information current as of 05/07/2019.

15 Year Fixed

  15 Year Fixed
Interest Rate 3.500%
APR 3.815%
Estimated Payment $1,429.77
Loan Amount $ 200,000
Down Payment $ 50,000
Loan-To-Value <80%
Occupancy Primary

The payments listed shown here do not include tax or insurance, which are required and will make the monthly payments higher. A full quote of all fees and charges specific to your transaction will be disclosed on the Loan Estimate (LE) once you apply.

The scenarios shown here are based upon the following:

A 15 year (180 month) fixed rate loan term in the state of Washington for a borrower with Very Good Credit (credit scores between 720-739) with a 30 day rate lock, on a Primary Residence, purchase transaction, according to the loan amount and down payment / loan-to-value listed shown here. Information current as of 06/04/2019.

Adjustable Rate Mortgage (ARM): JUMBO

  5/1 ARM 7/1 ARM
Interest Rate 3.500% 4.250%
APR 4.499% 4.830%
Estimated Payment $ 2,694.27 $ 2,951.64
Loan Amount $ 600,000 $ 600,000
Down Payment $ 150,000 $ 150,000
Loan-To-Value <80% <80%
Occupancy Primary Primary

The payments listed shown here do not include tax or insurance, which are required and will make the monthly payments higher. A full quote of all fees and charges specific to your transaction will be disclosed on the Loan Estimate (LE) once you apply.

The 5/1 Conventional Adjustable Rate Mortgage (ARM) has a 30-year fully amortizing term. After the initial period, the variable interest rate and payment will adjust every year. At that point, your interest rate will be calculated by combining an index, the 12-month LIBOR index (2.635% as of May 20, 2019) plus a margin of 2.250%. The maximum periodic change in the interest rate is 2% each adjustment with a maximum rate increase of 5% above the initial interest rate. There is no prepayment penalty. The Annual Percentage Rate (APR) is variable and is subject to increase or decrease, so your payments may increase or decrease each year after the initial period.

5/1 Conventional ARM Example: The initial payment due is 2,694.27 for the first 60 months based on an interest rate of 3.500%. The maximum interest rate after the first adjustment is 5.500% with a corresponding payment of 3,304.91 which will stay in effect for at least 12 months. The next year, the interest rate could reach 7.500%, with a corresponding payment of 3,956.91 which  will stay in effect for at least 12 months. The next year, the loan has the possibility of reaching the maximum interest rate of 8.500%, with a corresponding payment of 4,293.14 which will stay in effect for the life of the loan, unless the rate is lower.

The 7/1 Conventional Adjustable Rate Mortgage (ARM) has a 30-year fully amortizing term. After the initial period, the variable interest rate and payment will adjust every year. At that point, your interest rate will be calculated by combining an index, the 12-month LIBOR index (2.635% as of May 20, 2019) plus a margin of 2.500%. The maximum periodic change in the interest rate is 2% each adjustment with a maximum rate increase of 5% above the initial interest rate. There is no prepayment penalty. The Annual Percentage Rate (APR) is variable and is subject to increase or decrease, so your payments may increase or decrease each year after the initial period.

7/1 ARM Example: The initial payment due is 2,951.64 for the first 84 months based on an interest rate of 4.250%. The maximum interest rate after the first adjustment is 6.250% with a corresponding payment of 3,551.32 which will stay in effect for at least 12 months. The next year, the interest rate could reach 8.250% with a corresponding payment of 4,183.78, which will stay in effect for at least 12 months. The next year, the loan has the possibility of reaching the maximum interest rate of 9.250%, with a corresponding payment of 4,507.36, which will stay in effect for the life of the loan, unless the rate is lower.

The scenarios shown here are based upon the following:

A 30 year (360 month) Adjustable Rate term, where the interest rate is fixed for the first 5 years (60 months) or 7 years (84 months) as applicable, in the state of Washington for a borrower with Very Good Credit (credit scores between 680 and 800) with a 30 day rate lock, on a Primary Residence, purchase transaction, according to the loan amount and down payment / loan-to-value listed shown here. Information current as of 05/20/2019.

FHA Loan

  FHA 30 year fixed
Interest Rate 3.750%
APR 4.926%
Estimated Payment $1,023.13
Loan Amount $ 220,924
Down Payment $ 7,875
Loan-To-Value <96.5%
Occupancy Primary

The payment listed shown here does not include tax or insurance, which are required and will make the monthly payments higher. A full quote of all fees and charges specific to your transaction will be disclosed on the Loan Estimate (LE) once you apply.

The scenarios shown here are based upon the following:

A 30 year (360 month) fixed rate loan term in the state of Washington for a borrower with Very Good Credit (credit scores between 720-739) with a 30 day rate lock, on a Primary Residence, purchase transaction, according to the loan amount and down payment / loan-to-value listed shown here. Information current as of 07/09/2019.

FHA loans include an Up Front Mortgage Insurance Payment (UFMIP), generally equal to 1.75% of the loan amount paid at closing, or financed into the loan amount, which is in addition to the monthly mortgage insurance payment included in the estimated monthly payment. The example above presumes the UFMIP is paid at closing and is financed into the loan amount.

Home Financing Options

 

Conventional

VA

FHA

Jumbo Loans

New Construction

Remodel Loans

Cash-out Refinancing

USDA Financing

First-Time Homebuyer Programs

Reverse Mortgages

New Manufactured Home Construction Loan

Information

Evergreen Home Loans offers a range of affordable programs and various loan terms. Programs include conventional, FHA, VA loans, construction financing, and other down payment options. Call 800-459-5331 for details

APR = Annual Percentage Rate. the annual percentage rate may be increased after consummation for adjustable rate mortgage. Your rate may be higher than the advertised rate depending on loan term, credit qualifications, applicable finance charges, and underwriting standards.

The estimated monthly payments are based on an example loan amount with no cash-out, no subordinate financing, and does not include amounts for taxes and home insurance. Your payment will be based on the interest rate, loan balance, and loan term. Actual payment amount will be greater if an escrow account for taxes and insurance is established. Borrowers making a down payment of less than 20% may required mortgage insurance, which will increase the monthly payment and APR