Your Seattle Mortgage Lender
Seattle, located in the state of Washington, is a vibrant and culturally rich city that is known for its stunning natural surroundings, thriving tech industry, and unique neighborhoods. Nestled between the Puget Sound and the Cascade Mountain Range, Seattle boasts breathtaking natural beauty. The city is surrounded by water, offering stunning views of the sound, the Olympic Mountains, and nearby islands. The iconic Mount Rainier can be seen in the distance on clear days. Seattle is a major hub for the technology industry. It is home to tech giants like Amazon and Microsoft, contributing to the city’s reputation as a center of innovation and entrepreneurship. The presence of these companies has also led to a significant economic impact on the city. Seattle is known for its diverse and progressive culture. The city embraces a wide range of cultural influences, and its residents are known for being open-minded and forward-thinking. This diversity is reflected in the city’s food scene, cultural events, and vibrant neighborhoods.
Seattle has been experiencing strong demand for housing due to factors such as its thriving job market, particularly in the tech sector, and its desirability as a place to live. The presence of major companies like Amazon and Microsoft has contributed to the city’s economic growth and job opportunities. One of the defining features of Seattle’s housing market has been its limited housing inventory relative to demand. This has led to a competitive market where multiple buyers often vie for the same property. Low inventory can lead to bidding wars and rising home prices. Over the past decade, Seattle has seen significant home price appreciation. The demand for housing, coupled with limited supply, has contributed to steady price increases. However, the rate of appreciation may vary by neighborhood. Seattle offers a diverse range of housing options, from single-family homes to apartments and condos. Seattle’s real estate market has also attracted real estate investors seeking rental properties or investment opportunities. This can influence the availability of certain types of properties and impact pricing.
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 has been serving clients since July 2006. We are licensed in multiple states, including Washington, Colorado, Minnesota, and Wisconsin. We have established ourselves as a trusted partner in the mortgage industry. Our core focus revolves around meeting the unique needs of our clients and prioritizing client education. At M&M Mortgage LLC, client education is a top priority. They empower individuals by equipping them with knowledge about the mortgage process and presenting them with a diverse range of options. By providing this guidance, they enable clients to make well-informed decisions confidently. We have a wide network of wholesale lenders, allowing us to offer an extensive array of products to our customers. We specialize in brokering several types of loans, including Conventional, FHA, VA, USDA, and Non-Qualified Mortgage loans first mortgage loans.
