No matter what your situation is, there is a home financing solution for you. We are ready to guide you through your options and get you the best deal possible!
Buying a home?
Local Lending Solutions
Spokane's Premier Mortgage Programs
Conventional
Standard home loans offering competitive rates and flexible terms for buyers with strong credit and steady income.
FHA
Government-backed loans with lower down payment requirements, perfect for first-time homebuyers or those building their credit.
VA
Exclusive, zero-down financing options dedicated to serving eligible veterans, active-duty military, and their families.
Jumbo
High-balance mortgage solutions designed for luxury properties or homes that exceed standard conventional loan limits.
Renovation
Combine your home purchase and remodeling costs into one convenient loan to build your perfect living space.
USDA
Zero-down payment mortgages for eligible rural and suburban properties, making homeownership accessible outside the city limits.
No Income / No Employment DSCR Investor Loans
Grow your real estate portfolio by qualifying based on the property’s projected cash flow rather than personal income.
12/24 Month Bank Statement
Flexible qualifying options for self-employed borrowers using personal or business bank deposits instead of traditional tax returns.
No Income / No Employment Loan Primary Residence Loan
Alternative financing for your main home utilizing asset depletion or other non-traditional qualification methods.
ITIN Mortgage Loan Program
Accessible home financing for individuals purchasing a property using an Individual Taxpayer Identification Number instead of an SSN.
P&L-Only Mortgage Loan Program
Streamlined financing designed for business owners, utilizing profit and loss statements rather than extensive tax documentation.
1099 Mortgage Loan Program
Tailored loan solutions for freelancers and independent contractors, qualifying you based entirely on your 1099 earning statements.
NAF Cash
Turn your offer into a highly competitive all-cash bid to win your dream home in today’s fast-paced market.
One Time Close Construction
Finance your land purchase, construction costs, and permanent mortgage all with a single application and closing process.
Down Payment Assistance
Overcome upfront cost barriers with specialized programs designed to help cover your down payment and closing expenses.
Medical Professionals Mortgage Program
Favorable terms and lower down payment requirements tailored specifically for doctors, nurses, and eligible medical staff.
WSHFC Washington Down Payment Assistance
State-specific financial support providing Washington residents with accessible pathways to achieving homeownership.
IHFA Idaho Down Payment Assistance
Tailored financial assistance programs designed to help Idaho buyers bridge the gap to owning their own home.
How It Works
Six clear steps to your front door.
We redesigned the mortgage process so every step is visible, predictable, and on your timeline.
Curious about what loan option makes the most sense for you? Test it out by using our Comparison Mortgage Calculator...
Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!
Total cost after
1 year
years
Option A
$/mo
Loan Type
Loan Amount
$
Interest Rate
%
Upfront Cost
$
Monthly Payment
$
Lifetime Cost
$
Option B
$/mo
Loan Type
Loan Amount
$
Interest Rate
%
Upfront Cost
$
Monthly Payment
$
Lifetime Cost
$
Estimated Costs
These costs are estimated based the information added in the advanced section. You may adjust these values to suit your particular situation in order to get a more accurate estimate.
Loan Option A
Loan Option B
Loan Amount
$
$
Down Payment
$
$
Interest Rate
%
%
Loan Term
years
years
Taxes & Insurance Included?
Property Tax(1st year)
$
$
Home Owners Insurance(1st year)
$
$
HOA dues
$
$
Home Appreciation
%
%
Upfront Fee
$
$
Total upfront fees
$
$
Total Interest Payments
$
$
Total Principal Payments
$
$
Lifetime Cost
$
$
How We Calculate the Costs
Comparing Mortgage Options
This calculator helps you compare two different mortgage options. It takes into account various factors for each option:
Loan Details:
- Loan type (Conventional, FHA, VA, USDA)
- Loan amount
- Interest rate
- Loan term
- Down payment amount
- Property taxes
- Homeowners insurance
- HOA fees
- Private Mortgage Insurance (PMI) if applicable
- Conventional loans: Typically closing costs (2-5% of loan amount)
- FHA loans: Upfront Mortgage Insurance Premium (UFMIP) of 1.75% of the loan amount
- VA loans: VA Funding Fee (varies based on down payment and use)
- USDA loans: Upfront guarantee fee of 1% of the loan amount
- Monthly mortgage payment (principal and interest)
- Total interest paid over the life of the loan
- Total cost of the loan (including upfront fees, monthly payments, and additional costs)
- Annual home appreciation rate: %
- Monthly payment
- Total upfront costs
- Total cost over the life of the loan
- Break-even point (if applicable)
Well, Look Here
Check out our other mortgage calculators
Access our top-rated mortgage calculators to expertly assess your financing options, compare various loan types, and make informed decisions for your home buying journey.
Affordability Calculator
Assess how much home you can afford based on your income, expenses, and desired down payment.
Rate Buydown Calculator
Check out how much you can save with a seller-paid rate buydown.
The Wells Group
IT'S NOT JUST A HOUSE; IT'S YOUR HOME.
Our team is rated among the best in the nation for a good reason: service, excellence, and dedication to our clients. With over thirty-one years and a wide range of experience in the mortgage industry, our dedicated team stands ready to assist you each step of the way. We understand that it’s not just a house; it’s your home! It is not just a loan; it is an investment in your future! Our mission is to guide you through the entire home loan process so that you feel confident as you make choices about the options available for your financing strategy.
The Wells Group Advantage
Faster approvals
Pre-approval in 24 hours so you can move with confidence.
Tailored loan options
We compare multiple programs to secure the right rate for your unique goals.
Deep experience
Decades of combined expertise across every loan type.
Dedicated advisor
One specialist guides you from application to keys.
Full transparency
No hidden fees. Real-time status updates throughout.
Simple online app
Apply in minutes from any device. Upload on your schedule.
