SMCU's Mortgage Experts Have the Answers You Need
Seattle Metropolitan Credit Union is a full-service mortgage lender. Our specially trained mortgage experts have years of experience working with borrowers to find the right loan. Because SMCU is a not-for-profit financial cooperative, our primary goal is helping our members get the best mortgage for them. We make sure that you'll be able to afford your mortgage now and for years to come.
Even if you have less-than-perfect credit, SMCU may have a program that could save you money every month or get you into your next home.
Whether you need a mortgage to buy a new home or you are looking to refinance your existing loan, SMCU has what you need. In either case, our low rates and fees will help save you money over other lenders.
Because every borrower is unique, SMCU offers a variety of mortgage options. From fixed-rate loans to first-time homebuyer programs, SMCU has the home loan you need. Our portfolio of low-rate mortgage products includes:
Call our mortgage experts at (206) 398-5888 or email firstname.lastname@example.org to see which program is best for you. Or, click the button below to apply online.
As a co-op, SMCU strives to provide the best rates possible for all of our mortgage products. That means you could save thousands of dollars over the life of your mortgage by choosing Seattle Metropolitan Credit Union versus another lender. Compare SMCU’s rates, fees, and closing costs with other lenders to see how much you could save.
When you are ready to apply for a home loan, you can do it online and get an answer fast, often within just a few hours. If you start the application and need to get more information to answer one of the questions, you can save the application and come back later to complete it.
Once you have completed the application and approval process, you have the option to go to any of our branch locations to sign your documents. We will bring your loan papers and a specially-trained lending professional to whichever location is most convenient for you and have you on your way as quickly as possible.
1Rates are expressed as Annual Percentage Rate (APR). APR reflects any prepaid finance charges and are subject to change without notice. Rates and financing are offered based on applicant's credit qualifications and other underwriting criteria. Rates quoted include a free 30-day rate lock, represent a loan amount of $225,000, maximum of 80% LTV, require excellent credit, and are applicable only to loan amounts less than $417,000.
2 Rate quoted requires excellent credit. Maximum 70% loan to value. The credit union covers all loan fees including the cost of an appraisal is required. Verification of income required. Subject to SMCU lending policies and procedures.
3.50% APY (Annual Percentage Yield) 30-year fixed at 3.594% APR. (Example: $225,000 loan amount, rate/term refinance, under 80% loan-to-value with excellent credit. Estimated principal and interest payment of $1,010.35.) Rate as of 04/22/13 and subject to change. Applicable only to loan amounts less than $417,000. 30-year fixed rate mortgages come with a maximum of 80% LTV. Loans are subject to credit approval and other underwriting criteria. Certain restrictions apply. Actual savings from refinance will vary. Home Loan programs, rates, terms, and conditions subject to change without notice.
*SMCU will close your home-purchase transaction within 21 days or we will reduce your closing costs by $500. The 21-day closing guarantee is only available on purchase money transactions subject to the following terms and conditions:· Available on conventional loan programs only (FHA, VA, USDA, construction, land, and Floating Homes excluded). All loans subject to credit approval.· The 21-day period begins on the first business day after SMCU receives your complete mortgage loan application and you comply with all application requirements. SMCU, in its sole discretion, will determine whether an application is complete based on the satisfactory completion of the application form and information requested by SMCU to process your application. · You must be eligible for membership and have or open an account within 48 hours of application. · All supporting documentation requested by SMCU and the $500 application deposit must be received within 48 hours of request. · Your loan program must be selected and interest rate must be locked 10 business days prior to closing. · Underwriting conditions of approval, including homeowner's insurance information must be received at least 10 business days prior to closing date. · Appraisal appointment must be scheduled within 48 hours of initial contact by appraiser. · Property must appraise in “as-is” condition and at or above the purchase price. · Delays outside of SMCU’s control such as inclement weather, inspection/appraisal issues, and re-negotiations or other delays initiated by either the buyer or seller disqualify the transaction from the 21-day guarantee. · Your closing agent must schedule a signing appointment within 24 hours from the time they receive the closing documents from SMCU. · If SMCU does not close your loan within 21 days, and all of the above requirements have been met, your closing costs will be reduced by $500. Terms and conditions subject to change without notice.