Washington Mutual Home Loans

With a corporate history that starts in 1889 Washington Mutual is perhaps one of the oldest, as well as one of the strongest mortgage companies in America. With assets of over 278 billion dollars, Washington Mutual has over 2,400 offices around the country. In addition to its home loan centers, the company also provides customers with a vast array of financial products and services through its retail banking stores and correspondent lenders. You don’t need to stop with your home loan, for it’s easy to take care of all of your financial and banking needs at one of Washington Mutual’s financial centers.

Washington Mutual Home Loans offers a wide selection of home lending products, functioning both as a mortgage bank and a portfolio lender. While a broad selection of mortgages are available, the Mortgage Banking division also makes products available to new homeowners, such as mortgage and homeowner’s insurance. Washington Mutual is a full-service resource. Beyond your mortgage, Washington Mutual can help you with your insurance needs, online and business banking, and investing.

Consistently recognized on the “Fortune 500,” Washington Mutual Home Loans offers the strength and security you need in a lender. In 2002, Washington Mutual funded an incredible $275 billion in home loans to people all over America. In addition, the company proudly works with Magic Johnson’s development company, to make homeownership possible for families in large urban areas.

There are plenty of loan choices available from Washington Mutual, including adjustable rate and fixed rate mortgages, home equity lines of credit, and low down-payment options. Typically, any lender will require mortgage insurance for loans that have less than 20 percent down payment, but Washington Mutual’s Advantage 90 program covers mortgage insurance in your interest rate, and requires only ten percent down. While this makes the interest rate slightly higher, your bottom line is better—since the interest you pay, unlike mortgage insurance premiums, is tax deductible.