Seattle

Home Mortgage

The Current Lender Offering The Lowest Interest Rates On Seattle Home Mortgages.

Searching for a Seattle home mortgage? Concerned about the lending climate in this period of real estate and subprime chaos? If so, we can help. While getting approved for a Seattle home mortgage is not as easy as it was two years ago, it is not as difficult as all the doom and gloom stories in the media portray it to be.

Best Lender For Seattle Home Mortgages

When looking for a Seattle home mortgage lender, it is important to find a lender that not only offers the lowest rates, but also has not significantly tightened lending standards to the degree that only a very small percentage of applicants will qualify. Holding first place on our list of Seattle home mortgage lenders right now is ING DIRECT Seattle Home Mortgage. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications for Seattle home mortgages. Besides offering the lowest rates and highest ratio of approved loans, in most instances they will approve your online application in under 3 minutes. No other lender offering Seattle home mortgages will approve applications in such a rapid manner.

Seattle , WA Statistics & Related Info

Seattle Information

Seattle is a coastal port city and the largest city in the Pacific Northwest region of the United States. According to the Washington State Office of Financial Management's April 1, 2008 estimate, the city has a municipal population of 592,800, and a metro population of 4,038,741.From 1869 until 1982, Seattle was known as the "Queen City". Seattle's current official nickname is the "Emerald City", the result of a contest held in the early 1980s; the reference is to the lush evergreen trees in the surrounding area. Seattle is also referred to informally as the "Gateway to Alaska", "Rain City", "Coffee Town", and "Jet City", the latter from the local influence of Boeing. Seattle residents are known as Seattleites.

This popularity of Seattle was one of the contributing factors to driving up the price of Seattle real estate in the past decade. While prices have fallen some, homes in Seattle are still quite pricey. The Housing Bill passed by Congress and signed into law by the President in the summer of 2008 granted the authority to Fannie Mae and Freddie Mac to buy pricier mortgages, up to $625,000, which would make stable Seattle home mortgages readily available to buyers in a more expensive market like Seattle.

Five companies on the 2006 Fortune 500 list of the United States' largest companies, based on total revenue, are headquartered in Seattle: financial services company Washington Mutual (#99), Internet retailer Amazon.com (#272), department store Nordstrom(#293), coffee chain Starbucks (#338), and insurance company Safeco Corporation (#339). Just shy of making the list is global logistics firm Expeditors International (#506).[146] Other Fortune 500 companies popularly associated with Seattle are based in nearby Puget Sound cities. Warehouse club chain Costco Wholesale Corp. (#28), the largest company in Washington, is based in Issaquah. Microsoft (#48), Nintendo of America, and cellular telephone pioneer McCaw Cellular (part of AT&T Wireless until it was acquired by Cingular Wireless and finally merged into the new AT&T), are all located in Redmond. Weyerhaeuser, the forest products company (#90), is based in Federal Way. Finally, Bellevue is home to truck manufacturer PACCAR (#157) and to international mobile telephony giant T-Mobile's U.S. subsidiary T-Mobile USA. Of course these factors along with many others contribute to the popularity of Seattle real estate, which in turn, creates a very large demand for Seattle home mortgages.

Prior to moving its headquarters to Chicago, aerospace manufacturer Boeing (#26) was the largest company based in Seattle. Its largest division is still headquartered in nearby Renton, and the company has large aircraft manufacturing plants in Everett and Renton, so it remains the largest private employers in the Seattle metropolitan area. Seattle Mayor Greg Nickels announced a desire to spark a new economic boom driven by the biotechnology industry in 2006. Major redevelopment of the South Lake Union neighborhood is underway in an effort to attract new and established biotech companies to the city, joining biotech companies Corixa (acquired by GlaxoSmithKline), Immunex (now part of Amgen), and ZymoGenetics. Vulcan Inc., the holding company of billionaire Paul Allen, is behind most of the development projects in the region. This economic vibrancy translates into a high degree of availability of funds for Seattle home mortgages.