Search Locations Contact Log in MENU Home Lending Home Loan Programs Home Loan Programs Owning a home is even better when your mortgage fits your budget and goals. Find out which programs work for you and talk to an expert for a no obligation consultation. Find My Loan Officer Home Loan Programs Purchase a Home Refinance a Home Find My Loan Officer Home Loan Resources YOUR LOAN PROCESS Mortgage types There’s more than meets the eye when it comes to setting up your loan. Talk to your loan officer about your goals to discover which options are best for you. MOST COMMON Conventional Loan It’s for you if: You have a strong credit score, down payment funds, and predictable income. Features: Fixed interest rates Adjustable rate (ARM) options Terms from 10-30 years Jumbo Loan It’s for you if: You are purchasing a property with a value over conventional conforming loan limits Features: Fixed interest rates Adjustable rate (ARM) options Can be used for primary residence, second home, or investment property. FHA Loan It’s for you if: You have less established credit or want lower down payment options. Features: Partially insured by the Federal Housing Administration Low down payment options Higher debt-to-income ratio (DTI) is allowed OTHER SITUATIONS VA Loan It’s for you if: You are a qualifying veteran. Features: Partially insured by the US Department of Veterans Affairs Special program for active and veteran members of the military Offers relaxed qualifying guidelines and low down payment options Custom Construction Loan It’s for you if: You want to build a primary or secondary residence. Features: Covers construction period and permanent financing May include financing for land Interest rate is locked in before construction (optional rate adjustment when construction ends) Interest-only payments during construction Physician Loan It’s for you if: You are a qualifying physician or dentist. Features: Low down payment options No private mortgage insurance (PMI) Qualify without inclusion of some, or all, of your student loan payments. Asset Depletion Loan It’s for you if: You would like to purchase a home, but don’t have traditional or predictable income. Features: Not available through all other lenders Qualify using liquid assets with or instead of income from employment history Bridge Loan It’s for you if: You would like to buy a new home without waiting for your current home to sell. Features: Interest Only payments Fixed interest rate Home does not need to be listed Non-Warrantable Condo It’s for you if: The condominium you are interested in doesn’t meet warrantable guidelines. Features: Not available through all other lenders Specialized financing options on condos that don’t qualify for conventional loans. ADDITIONAL PROGRAMS Buyer Advantage Credit It’s for you if: You are purchasing a new home from one of our partner builders. Features: Earn a Buyer Advantage Credit up to 1% can be used to reduce the interest rate, pay closing costs, or pay for a rate lock of up to 6 months. Amazon RSU and Bonus It’s for you if: You are a qualifying Amazon employee who receives restricted stock units (RSUs) and bonuses Features: Amazon RSUs and bonuses can be used as qualifying income Loan-to-value up to 95% 1099 Income Qualification It’s for you if: You are a business owner, freelancer, seasonal worker, or gig worker Features: Apply for a mortgage with qualifying 1099 income May require 2+ years of income documentation Let's get started. We can help you navigate the home buying process, step by step. Talk to a Loan Officer 1st Security Bank is a bank that believes in you, our customer and friend. We want to be your banking partner and advisor. Let us know how we can help. CUSTOMER SERVICE (800) 683-0973 Mon-Fri: 9am - 5pm ROUTING NUMBER 325182289 NAME EMAIL PHONE MESSAGE Do not send personal information like your account, credit card or social security number or travel dates. Submit Facebook (Opens an external site in a new window) Instagram (Opens an external site in a new window) Twitter (Opens an external site in a new window) YouTube (Opens an external site in a new window) LinkedIn (Opens an external site in a new window) © 2021 1st Security Bank of Washington. All rights reserved. Accessibility | Sitemap