Agape Home Mortgage - Covington, WA

Agape Home Mortgage
16512 SE 263rd St
Covington, WA 98042
Tel: (800) 345-7470

Loan Programs

Conventional Loans

Conventional loans are the most popular type of loan offered today. Conventional loans are loans that are insured and backed by either Fannie Mae (FNMA - Federal National Mortgage Association - NASDAQ -FNM) or Freddie Mac (FHLMC - Federal Home Loan Mortgage Corporation - NASDAQ - FRE). These loans are available with borrowers who have good to excellent credit and a minimum of 3% down payment.

FHA Loans

FHA loans are one the most popular type of loan offered today. FHA loans are loans that are insured and backed by the Department of Housing and Urban Development. These loans are available with borrowers who have fair to good credit and a minimum of 3% down payment.

Jumbo Loans

Jumbo mortgage loans are very similar to conventional type loans, except that they cover loan amounts above the conventional loan limits.

Home Equity and 2nd Mortgages

Home equity mortgage loans are 1st and/or 2nd mortgages. These type of loans are based on the Prime rate used by commercial banks, so these carry very stable rates for the conservative borrower. This type of financing is for the purpose of tapping your home's equity for many uses. There are many ways to utilize the equity in your home.

Commercial loan options

The total process usually takes between 5-10 weeks depending on the specific scenario. For immediate funding (3-7 days), special short term higher rate financing may be available for large equity transactions of 50% down payment/equity or more.