Navigating the dynamic housing landscape of Seattle requires adaptability and innovative approaches. At Salmon Bay Community Lending, our commitment is clear: we’re here to provide solutions.

In response to the unique challenges our clients face, we’ve stepped up our game to address three main areas of concern: housing affordability, competition for available inventory, and high interest rates.  Over the past year-and-a-half, we’ve achieved significant milestones:

  1. To address Housing Affordability:
    • We’ve expanded into Oregon! Not only can we lend in all of Washington state but we can also lend anywhere in Oregon for those looking outside of Greater Puget Sound.
    • Collaboration with Washington State Housing Finance Commission: We’ve rekindled our partnership to offer state bond loans and facilitate access to down payment assistance programs, bolstering the path to homeownership.
  2. To address competition for available housing:
    • We’ve enhanced our Product Line: We’ve enriched our suite of specialty products, to help our submit the strongest offer’s possible and stand out from the crowd in multiple-offer situations. We even have fast, guaranteed-close loans to help compete against cash offers!
  3. To address high interest rates:

    • For those who look at rates and housing prices and it doesn’t make sense to sell their current home we are now certified in Residential Construction and Renovation lending! Why move when you can make your current home your dream home?

Our product portfolio includes:

  • Conventional Conforming and High Balance loans
  • Jumbo financing
  • FHA, VA, and USDA financing
  • Conventional and FHA Washington State bond loans with down payment assistance
  • Construction and Renovation Purchase and Refinances
  • Jumbo construction financing

In addition, we’ve introduced specialty products tailored to enhance buyers’ competitive edge in cash-offer and multiple offer situations:

  • Evergreen Home Loans’ Fast-as-Cash program: A just-like-cash solution guaranteeing closure in as little as 10 days.
  • Evergreen Home Loans’ StepUp program: Aiding current homeowners in purchasing before selling their existing property, optionally paired with a Bridge Loan for down payment equity access.
  • CashUp by Evergreen: Another just-like-cash program designed to effectively compete with cash-offers. (Oregon only)

Salmon Bay Community Lending is resolute in its mission to provide ingenious solutions, ensuring a smoother journey toward homeownership in the ever-evolving real estate landscape.

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