Your Tacoma Mortgage Lender
Tacoma is situated about thirty-two miles southwest of Seattle, is surrounded by stunning natural landscapes. The city offers breathtaking views of Puget Sound, the Olympic Mountains to the west, and Mount Rainier to the southeast. Point Defiance Park, one of the largest urban parks in the country, is a major natural attraction within the city and features forests, gardens, beaches, and a zoo. Tacoma has undergone significant urban revitalization in recent years. Downtown Tacoma is home to trendy restaurants, shops, and a vibrant arts and theater scene. The University of Washington Tacoma campus has played a role in the city’s revitalization efforts.
One of the most iconic features of the region is Mount Rainier, an active Stratovolcano, and the highest mountain in Washington. It is a popular destination for hiking, climbing, and enjoying the pristine wilderness. The Puget Sound region offers a wide range of outdoor activities, including boating, fishing, and wildlife observation. The Sound is home to diverse marine life and is a favorite spot for kayaking and paddleboarding. Located just across the Tacoma Narrows Bridge, Gig Harbor is known for its charming maritime character. It features a historic downtown area with boutiques, restaurants, and stunning views of the harbor. Puyallup is a nearby city famous for the Washington State Fair, one of the largest fairs in the country. The fairgrounds host a variety of events and activities throughout the year. The nearby military installation, Joint Base Lewis-McChord, plays a significant role in the local economy and is one of the largest military bases on the West Coast.
One of Tacoma’s notable features is its affordable housing market, especially when compared to nearby cities like Seattle. This affordability has attracted buyers looking for more affordable homeownership options. Tacoma has experienced strong demand for housing due to factors like its affordability, proximity to Seattle, and a growing local economy. Commuters who work in Seattle often find Tacoma a more affordable place to live while still having access to the Seattle job market. Tacoma has experienced rising home prices over the years, though the rate of appreciation has been more moderate than in Seattle. The strong demand for housing has contributed to this trend.
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. Also, 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 their 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, Reverse and Non-Qualified Mortgage first mortgage loans. In addition to their broad range of services, M & M Mortgage LLC offers specialized loan options tailored to specific financial situations. They provide solutions like renovation loans, programs designed for self-employed borrowers using bank statements, investor cash flow options, and assistance for individuals with recent bankruptcies or mortgage payment delinquencies. M&M Mortgage welcomes the opportunity to assist individuals with their next mortgage and address any inquiries they may have regarding the mortgage process. Follow us on Facebook and Instagram for our Friday trivia, where participants have the chance to win money!
