Mortgage Products
Westwood Mortgage offers a variety of loan programs to meet your needs. We provide a selection of personally tailored loan programs.
Here is a sampling of the most popular loan programs:
30 year fixed rate | 15 year fixed rate
10/1 Fixed/ARM | 7/1 Fixed/ARM | 5/1 Fixed/ARM
Jumbo 30 year fixed rate | Jumbo 15 Year fixed
Jumbo 10/1 Fixed/ARM | Jumbo 7/1 Fixed/ARM | Jumbo 5/1 Fixed/ARM
| 30 year fixed rate A traditional fixed interest rate and fixed payment loan offering the long term security of knowing that your rate and payment will not change. The interest rate and monthly payment are permanently fixed and calculated to repay the principal and interest entirely by the end of the loan term. View FHFA Confirming Loan Limits Map Term: 30 years – Maximum Amount for King, Snohomish and Pierce counties: $977,500 Term: 30 years – Maximum Amount for all remaining Washington State counties: $726,200 |
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| 15 year fixed rate A traditional fixed interest rate and fixed payment loan designed to pay-off in only 15 years. The interest rate and monthly payment are permanently fixed and are calculated to repay the principal and interest entirely by the end of the loan term. Increased monthly payments make qualifications more difficult. Term: 15 years – Maximum Amount for King, Snohomish and Pierce counties: $977,500 Term: 15 years – Maximum Amount for all remaining Washington State counties: $726,200 |
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| 10/1 Fixed/ARM A great alternative to a 30 year fixed rate. Annual interest rate and payment are fixed during the first ten years. After the tenth year the interest rate will adjust annually according to a predetermined combination of index and margin. Lower rates allows for easier qualifications. Term: 30 years – Maximum Amount for King, Snohomish and Pierce counties: $977,500 Term: 30 years – Maximum Amount for all remaining Washington State counties: $726,200 |
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| 7/1 Fixed/ARM Another great alternative to a 30 year fixed rate. Annual interest rate and payment are fixed during the first seven years. After the seventh year the interest rate will adjust annually according to a predetermined combination of index and margin. Lower rates allows for easier qualifications. Term: 30 years – Maximum Amount for King, Snohomish and Pierce counties: $977,500 Term: 30 years – Maximum Amount for all remaining Washington State counties: $726,200 |
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| 5/1 Fixed/ARM An additional great alternative to a 30 year fixed rate. Annual interest rate and payment are fixed during the first five years. After the fifth year the interest rate will adjust annually according to a predetermined combination of index and margin. Offers tremendous savings compared to a 30 year fixed rate. Term: 30 years – Maximum Amount for King, Snohomish and Pierce counties: $977,500 Term: 30 years – Maximum Amount for all remaining Washington State counties: $726,200 |
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| Jumbo 30 year fixed rate A traditional fixed interest rate, fixed payment loan offering the long term security of knowing that your rate and payment will not change. The interest rate and monthly payment are permanently fixed and are calculated to repay the principal and interest entirely by the end of the loan term. Term: 30 years – Maximum Amount: $3,000,000 |
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| Jumbo 15 Year fixed A traditional fixed interest rate, fixed payment loan offering the long term security of knowing that your rate and payment will not change. The interest rate and monthly payment are permanently fixed and are calculated to repay the principal and interest entirely by the end of the 15th year. Increased monthly payments makes qualification more difficult. Term: 15 years – Maximum Amount: $3,000,000 |
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| Jumbo 10/1 Fixed/ARM A great alternative to a Jumbo 30 year fixed rate. Annual interest rate and payment are fixed during the first ten years. After the tenth year the interest rate will adjust with the market annually. Offers tremendous savings compared to a Jumbo 30 year fixed rate. Term: 30 years – Maximum Amount: $3,000,000 |
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| Jumbo 7/1 Fixed/ARM Another great alternative to a Jumbo 30 year fixed rate. Annual interest rate and payment are fixed during the first seven years. After the seventh year the interest rate will adjust with the market annually. Offers tremendous savings compared to a Jumbo 30 year fixed rate. Term: 30 years – Maximum Amount: $3,000,000 |
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| Jumbo 5/1 Fixed/ARM An additional great alternative to a Jumbo 30 year fixed rate. Annual interest rate and payment are fixed during the first five years. After the fifth year the interest rate will adjust with the market annually. Offers tremendous savings compared to a Jumbo 30 year fixed rate. Term: 30 years – Maximum Amount: $3,000,000 |
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| Conforming Jumbo In 2008, Congress passed the Economic Stimulus Package approving Fannie Mae & Freddie Mac to fund larger loan amounts. The new ceiling loan limit for one-unit properties in most high-cost areas will be a much as 150 percent of $726,200. In 2023 that amount is $977,500. |
Westwood Mortgage
9706 4th Ave NE Suite #205
Seattle, WA 98115
Office: 206-526-2602
Fax: 206-374-2375
Email: info@westwoodmortgage.com
Social Media
Westwood Mortgage
9706 4th Ave NE Suite #205
Seattle, WA 98115
Office: 206-526-2602
Fax: 206-374-2375
Email: info@westwoodmortgage.com
Social Media
Westwood Mortgage is a Correspondent Mortgage Lender | Licensed under the Washington State Consumer Loan Act | License Number: CL-38080
Westwood Mortgage is a Correspondent Mortgage Lender | Licensed under the Washington State Consumer Loan Act | License Number: CL-38080