Evergreen Money Source

Evergreen has been is business since 1987, and since day one they have promised their customers one thing: to throw their hearts into finding the smoothest possible way to help you finance your home purchase.  They operate in Washington State, and have offices in Bellevue, Lakewood, and Seattle.

Evergreen Mortgage Loan Options

Evergreen offers purchase financing for a primary residence, secondary residence, and one to four unit properties.  They offer Fixed and Adjustable Rate mortgages for up to $2 Million.

Their Fixed Rate Mortgage comes in thirty, twenty-five, twenty, fifteen or ten year terms.  This is the most basic, and most popular mortgage.  It can require as little as five percent down.  There are also no down payment options for this loan for those who qualify.  You may even be able to wrap your closing costs into your loan.  There are also reduced or no documentation options for those who are self-employed, or find it difficult to document their income.

Evergreen also offers Adjustable Rate options.  They offer a standard Adjustable Rate Mortgage that has a low initial rate.  The rate then adjusts annually or bi-annually, depending on the predetermined agreement.  This loan has annual and lifetime caps, and can require as little as five percent down.

Evergreen offers a Fixed Period ARM as well.  The initial rate for this option is fixed for the first three, five, seven, or ten years, depending on your agreement.  After the initial period, your rate will adjust annually and according to the 1-Year US Treasury Index.  This loan also has annual and lifetime caps.

Evergreen Jumbo Loans

If your dream house happens to be mansion sized (or priced) you may find Evergreen’s Jumbo Loans helpful.  Jumbo Loans are for homes that exceed the conventional limits set by Fannie Mae and Freddie Mac.  Their maximum is $2 million.  They are available with reduced documentation, stated income, and no income.  You can get a jumbo loan for second homes, investment properties, and condominiums.  The lowest payment option for a Jumbo loan is the Interest Only option.

Evergreen also offers Home Equity Line of Credits and Fixed Rate Second Mortgages.  This option can be added to the purchase proceeds of your first mortgage to keep it at an 80% loan to property value.  You will not have to pay mortgage insurance with this loan.

Even if you have less than perfect credit, consider applying for a loan with Evergreen.  They have plenty of options available for you, and one is bound to suit your needs.

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