NW Capital Mortgage offers home loan programs for buyers throughout Washington and Oregon, including conventional, FHA, VA, USDA, jumbo, and specialty mortgage options. Qualified buyers may also be able to pair an eligible mortgage with down payment assistance.
You don’t need to know which mortgage is right for you before you get started. We’ll help you compare your options and determine which home loan programs may fit your purchase.
Different homebuyers have different needs. Compare common mortgage options to see which loan programs may fit your financial goals.
You want flexible financing and meet conventional lending requirements.
Low-down-payment options may be available.
You need more flexible credit or down payment requirements.
Government-insured financing with a low-down-payment option.
You’re an eligible veteran, active-duty service member, or qualifying spouse.
Qualified borrowers may purchase with no down payment and no private mortgage insurance.
You meet income requirements and are buying an eligible property.
Qualified buyers may purchase with no down payment.
The amount you need to borrow exceeds applicable conforming loan limits.
Financing for higher loan amounts.
Your income, property, or financial situation doesn’t fit standard mortgage guidelines.
Alternative financing and qualification options may be available.
Start with the situation that best matches yours to see which mortgage options may be worth exploring.
Conventional and FHA loans may offer low-down-payment options for qualified buyers. Depending on your eligibility, you may also be able to combine an eligible mortgage with down payment assistance to reduce the amount you need upfront.
If you meet VA eligibility requirements, a VA home loan may allow you to purchase a home with no required down payment and no private mortgage insurance.
A USDA home loan may offer no-down-payment financing for qualified buyers purchasing eligible properties. Income and property-location requirements apply.
If your loan amount exceeds the applicable conforming loan limit, a jumbo mortgage may provide the additional financing you need.
A conventional mortgage may be worth considering. Conventional loans can provide flexible financing options for qualified borrowers and a broad range of eligible property types.
Specialty mortgage programs may provide alternatives when your income, property, or financing needs don’t fit conventional or government-backed loan requirements.
Yes. Some qualified buyers may have access to down payment assistance that can be paired with an eligible first mortgage.
Some qualified buyers may have access to up to $40,000 in down payment assistance with 0% interest and no monthly payment. You may be able to use down payment assistance with an eligible first mortgage, including certain conventional, FHA, VA, or USDA loan programs.
Down payment assistance is combined with a primary home loan. When you use down payment assistance, you typically get a primary home loan designed to work with the assistance program you’re using.
Program availability and requirements differ between Washington and Oregon.
Washington homebuyers may have access to programs offered through the Washington State Housing Finance Commission (WSHFC), as well as other down payment assistance options available through NW Capital Mortgage.
Explore Washington AssistanceOregon homebuyers may have access to OHCS Flex Lending programs and other down payment assistance options, depending on income, property, loan type, and other eligibility requirements. NW Capital Mortgage also offers additional down payment assistance options in Oregon.
Explore Oregon AssistanceWhat Determines Which Home Loan I Can Get?
The home loans available to you depend on factors such as your credit, income, and debts; your available down payment; the property; the purchase location; and program-specific eligibility requirements.
Because NW Capital Mortgage works with buyers in both Washington and Oregon, we can compare conventional, FHA, VA, USDA, jumbo, and specialty financing, along with state and other down payment assistance options available where you’re buying.
Looking for more information about a particular type of mortgage? Explore the individual loan program pages for eligibility requirements, benefits, down payment information, and other details.
Get up to $40,000 DOWN PAYMENT ASSISTANCE at 0% INTEREST and NO MONTHLY PAYMENT!
VA (Veterans Affairs) loans are mortgage loans specifically designed to assist eligible U.S. veterans, active-duty service members, and certain members of the National Guard and Reserves in achieving homeownership. These loans are backed by the U.S. Department of Veterans Affairs, offering numerous advantages, including no down payment requirement, competitive interest rates, and relaxed credit score standards, making them an attractive option for those who have served in the military. VA loans also often feature lower closing costs, making homeownership more accessible to veterans and their families.
FHA (Federal Housing Administration) loans are government-backed mortgage loans designed to make homeownership more accessible for low to moderate-income individuals and those with less-than-perfect credit. They offer benefits such as low down payments, competitive interest rates, and flexible qualification criteria, including lower credit score requirements. FHA loans are popular among first-time homebuyers and serve as a viable option for individuals who may not qualify for conventional mortgages.
A popular loan type, conventional fixed rate loans feature a constant interest rate for the life of the life. Generally speaking, monthly payments remain constant. Traditionally borrowers are expected to provide a 20 percent down payment though this is not necessarily required. Contact us for details on down payment requirements. Available terms generally range from 10 years, 15 years, 30 years and 40 years.
USDA (United States Department of Agriculture) loans are government-backed mortgage loans that primarily aim to promote homeownership in rural and suburban areas. These loans offer benefits such as zero down payment requirements, competitive interest rates, and more flexible credit criteria, making them an affordable option for low to moderate-income individuals and families in eligible locations. USDA loans are often referred to as Rural Development loans and provide a pathway to homeownership for those who meet the program's income and location requirements.
Jumbo loans provide financing for higher-priced homes when the loan amount exceeds conforming loan limits. NW Capital Mortgage offers jumbo mortgage options for qualified buyers in Washington and Oregon.
Home Refinance Loans, also known as refinancing, involve replacing an existing mortgage with a new one, typically with different terms or interest rates. Borrowers often pursue refinancing to lower their monthly mortgage payments, reduce their interest rates, or access their home's equity for other financial needs. Refinance options include rate-and-term refinances, which aim to secure better loan terms, and cash-out refinances, allowing homeowners to borrow against their home's equity. The process usually involves a credit check, home appraisal, and evaluation of the borrower's financial situation to determine eligibility and the potential benefits of refinancing.
If you already have a mortgage, refinancing may allow you to change your loan terms, access available home equity, or pursue other financial goals.
Explore NW Capital Mortgage’s refinancing options to see whether refinancing makes sense for your situation.
You don’t have to sort through mortgage programs on your own. Tell us where you plan to buy and what you’re looking for, and we’ll help you compare home loan programs, down payment assistance options, and next steps.
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