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Snohomish County Conventional Financing Information

If other financial vehicles are not an option for you or you would like more flexibility with your financing then a Conventional home loan or multi-family home loan maybe the right answer. Conventional financing has a variety of downpayment options and most common are 5%, 10%, 15%, or 20% – higher down payments can always be achieved depending on individual situations. Also, it should be noted that Conventional loans can be either conforming or nonconforming based on loan amount and area which are governed by Fannie Mac (Fannie Mae & Freddie Mac guidelines).

Conforming Loan: Conforming loans are loans that meet (conform) to Fannie Mac guidelines that are based on loan limit. These loan limits tend vary from County to County but the range is under $417k. Conforming loans typically have a lower interest rate because the loan conforms to those specific guidelines.

Non Conforming Loan: Nonconforming loans are loans that don’t meet Fannie Mac guidelines and an example is Jumbo loans. While Jumbo loans (over $417k) are nonconforming, they are still allowed to be sold to Fannie Mac or other investors as long as the loan meets certain standards.

What Homes Qualify for Conventional Financing?

  • Homes that are need of repairs.
  • Investment homes and multi-family properties.
  • Unique homes that don’t meet FHA, VA or USDA guidelines.

Quick Search: View All Conventional Qualifying Homes

Conventional Qualifying Homes

615 Croft Avenue W, Gold Bar image
615 Croft Avenue W, Gold Bar $149,950

Truly a Great, Build-Ready Lot, complete with home plans, septic permit and more! Cozy third of an acre that backs to a stunning creek can be the perfect space for your n...

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  • 2034508 MLS
  • ACTIVE Status
Courtesy of Professional Realty Services

Listing courtesy of Professional Realty Services.

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4529 Crescent Avenue, Everett image
4529 Crescent Avenue, Everett — Victory Heights $850,000

[5 BEDS/3 BATH 2nd KITCHEN LL with SEP ENTRANCE both floors rented 5800.00 total - Exquisite renovation in this home perfectly perched on an oversized FULLY FENCED lot. E...

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  • 5 Beds
  • 3 Baths
  • 2032267 MLS
  • ACTIVE Status
Courtesy of eXp Realty

Listing courtesy of eXp Realty.

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15408 Main Street Unit #501, Mill Creek image
15408 Main Street Unit #501, Mill Creek — Mira Vida $675,000

Highly desired ONE LEVEL living with the luxury of a TOP FLOOR, CORNER unit with South & East views. 10’ ceilings, beautiful light & Mt views from this 2-Bed/1.75-Bath/1,...

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  • 2 Beds
  • 2 Baths
  • 2033435 MLS
  • ACTIVE Status
Courtesy of RE/MAX Town Center

Listing courtesy of RE/MAX Town Center.

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1217 102nd Drive SE, Lake Stevens image
1217 102nd Drive SE, Lake Stevens — Crystal View $598,000

Discover a Lake Stevens gem with this fully renovated 3-bed rambler. Enjoy elegant one-level living in the open concept layout featuring granite counters, farmhouse kitch...

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  • 3 Beds
  • 2 Baths
  • 2033174 MLS
  • ACTIVE Status
Courtesy of Coldwell Banker Bain

Listing courtesy of Coldwell Banker Bain.

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8515 State Avenue Unit #51, Marysville image
8515 State Avenue Unit #51, Marysville $87,500

Beautiful and affordable 2 bed 1 bath single wide with real hardwood floors, tile counter tops, newer carpets throughout and newer roof! Open entry to dining room and lar...

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  • 2 Beds
  • 1 Baths
  • 2034381 MLS
  • ACTIVE Status
Courtesy of HomeSmart One Realty

Listing courtesy of HomeSmart One Realty.

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The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

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Searching for a Home Loan? You're in the Right Place!

Types Home Loan Programs

  • VA Home Loan
  • USDA Home Loan
  • FHA 3.5% Home Loan
  • Conventional Financing
  • Jumbo Loan Financing
  • WA State Bond
  • Tribal Financing
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  • Neighbor Next Door
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Joy Blodgett, Caliber Home Loans

Contact Joy Blodgett to discuss the best home loan option for your purchase, if you're wanting to refinance, pull cash out, or do a new construction home loan by clicking here.

 

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Barnett Associates Team
KW North Sound
1027 State Ave #102
Marysville, WA 98270
Mickie: 425-750-9090
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