Your Bellevue Mortgage Lender
Bellevue is a vibrant city located in the Seattle metropolitan area on the eastern side of Lake Washington in Washington State. Known for its economic prosperity, beautiful natural surroundings, and diverse cultural offerings, Bellevue has earned a reputation as a thriving and upscale community. Bellevue is a major economic center in the Pacific Northwest. It is home to a robust technology sector, with the presence of companies like Microsoft, T-Mobile, and Expedia. The city is often referred to as the “Boeing Belt” because it is a hub for high-tech industries, including aerospace and software development. Bellevue is conveniently located just across Lake Washington from Seattle, allowing residents to easily access the cultural attractions, job opportunities, and diverse neighborhoods of the Emerald City. To the east, the Cascade Mountains offer extensive hiking, skiing, and outdoor recreation opportunities. This region is known for its pristine wilderness and national parks, including North Cascades National Park.
Bellevue is a desirable place to live due to its strong job market, excellent schools, and proximity to Seattle. The demand for housing in Bellevue has historically been high, which has driven home prices. Bellevue’s housing market features a range of upscale and luxury properties, including single-family homes, townhouses, and high-end condominiums. The city’s upscale neighborhoods, such as Medina, Clyde Hill, and West Bellevue, are particularly sought after.
Bellevue and its surrounding areas are attractive to those who work in Seattle but prefer to live in a more suburban or semi-rural environment. The city’s access to major highways and public transportation options makes commuting to Seattle feasible. Bellevue offers diverse neighborhoods with unique characteristics, catering to different lifestyles. Some neighborhoods are more urban, while others are suburban and family friendly. The surrounding Eastside suburbs, including Redmond, Kirkland, and Issaquah, also have strong housing markets. These areas offer a mix of upscale properties, family-friendly neighborhoods, and excellent schools. Bellevue has experienced rising home prices over the years, driven by strong demand, a limited supply of homes, and the area’s economic prosperity. The rate of appreciation has often exceeded the national average.
Due to the rapid rise in appreciation in Washington State, the current single-family conforming loan limit for most counties in Washington State is $766,550 (an increase over the 2023 cap of $726,200). For reference, the loan limit in 2022 for a primary single-family residence was $647,200. In the more expensive Seattle-area counties of King, Pierce, and Snohomish, the single-family high balance loan limit has been increased to $977,500 for 2023. The loan limits vary from the number of units and the type of properties that are being financed.
M & M Mortgage, LLC founded in 2006 licensed in Colorado, Washington, Minnesota, and Wisconsin is a respected mortgage broker serving the Bellevue and surrounding community that collaborates with leading wholesale lenders across the nation to deliver customized mortgage solutions tailored to the specific needs of our clients. The local housing market has various property types such as single-family homes, condominiums, duplexes, triplexes, quadplexes that we have financed for clients in the local surrounding area. We work with the first-time home buyers, walking you through the entire process by prequalifying you upfront to the final closing of the loan. New or seasoned real estate investors reach out to us for our experience in self-employed investors cash flow options by cashing out equity for increasing the number of properties you wish to own. We broker all types of loans from Conventional 1st mortgages, FHA, VA, Reverse loans. Whatever real estate questions you might have, from a purchase to refinancing your current property, we will give you an answer from our very experienced staff. Follow us on Facebook & Instagram for our Friday Trivia question with a chance to win the cash prize!
