Seattle mortgage broker: see your rate and fees, then get pre-approved in minutes.

SEATTLE HOME LOANS · PURCHASE · REFINANCE

Looking for a Seattle mortgage broker who will explain the numbers? Enrique Pelayo Jr, AMP, helps you compare financing through Mortgage Lending Group LLC, serving Seattle from Edmonds. Mortgage experience since 2005, with guidance in English and Spanish.

Bring the home you are considering, your comfortable payment and your questions. We can help you weigh loan costs, down-payment choices and the money you want to keep after closing.

Enrique NMLS #131435 · Company NMLS #1157983 · WA CL-1157983
Updated 2026-10-20 · Service-area guidance; no Seattle branch is implied.

Why work with a Seattle mortgage broker?

A broker helps compare options from participating lenders and coordinates the application with the selected lender. That can be useful when you want to understand different down payments, fees or underwriting approaches. It does not mean every lender is available or that a broker is automatically cheaper than a bank or credit union.

Ask Enrique which options fit your property and documented circumstances, what alternatives were considered and how compensation is paid. Keep your personal budget central: a maximum approval amount does not include every household expense or future priority. For a condo, review association charges and potential assessments alongside the loan payment.

Seattle mortgage brokers and direct lenders can both provide useful service. Choose the written offer and process that fit your file. A competing offer helps you test that choice. Read our broker-versus-lender guide for compensation questions and comparison examples.

Seattle mortgage lenders vs. brokers: what to compare

Send each provider the same loan scenario and request estimates close together in time. The property type, occupancy, credit assumptions, loan amount and lock period should match. Separate the price of financing from estimates for taxes, insurance and settlement items.

A lower payment may result from a longer term or smaller insurance estimate rather than a lower financing cost. Ask for the remaining balance and total costs at the time you realistically expect to sell or refinance.

Why an Edmonds broker for a Seattle home?

You should know where your mortgage professional is based. Our office is at 123 2nd Ave S, Suite 230, Edmonds, WA 98020. We serve Seattle buyers and homeowners from that location; we do not claim a Seattle branch.

You can start a conversation through Ask Enrique or by phone. If meeting in person helps, arrange a time at the office. Tell us your preferred communication style and what you need explained. The goal is a manageable process with clear next steps.

Enrique’s AMP designation means Accredited Mortgage Professional, a professional education designation from the Mortgage Bankers Association. Read about his experience and credential, then ask how that guidance applies to your plans.

Financing options worth comparing

Business owner or independent contractor? Explore self-employed mortgage options with Enrique.

Start with the purpose of the loan, cash available and documentation. There is no automatic winner across programs, and availability depends on lender and borrower requirements.

Sources: FHFA loan limits · HUD condominium financing. For building-specific questions, see our Seattle condo financing guide.

A SEATTLE HOMEOWNER’S EXPERIENCE

“He was with us every step.”

“From initial contact through closing he was with us every step. He was transparent, patient with all of our questions, easy to contact and always available when we needed guidance.”

Jay Markham · Seattle refinance · Google review, October 1, 2026

Verbatim excerpt from a public review mentioning a Seattle refinance. Verified October 1, 2026. Individual experiences and results vary.

Selected verbatim excerpts verified October 1, 2026. These two reviews do not establish a Seattle property location. Individual results vary.

2026 King County loan limits and Seattle jumbo questions

FHFA lists the 2026 one-unit conforming loan limit in King County at $1,063,750. The national baseline for most counties is $832,750. A qualifying King County loan above that baseline and within the county limit may use high-balance conforming financing. A loan above the county limit requires a different financing option, commonly a jumbo program.

Compare the mortgage amount with the limit, not the home price. An illustrative $1.2 million purchase with 20% down leaves a $960,000 base loan. At the same price with 10% down, the base loan is $1.08 million, above the one-unit limit. That difference makes it useful to request both written financing scenarios; it does not establish which is affordable or cheaper.

Ask how the options differ in rate, points, reserves, mortgage insurance and cash left after closing. Do not empty an emergency fund simply to cross a loan-size threshold. A jumbo loan is not always more expensive, and a conforming limit is not an approval. The applicable year, unit count and program still matter.

For a condo, the building review is another question alongside borrower qualification. Request the association budget, reserve study and assessment information early. See our 2026 county-limit guide and the official FHFA county list.

What a Seattle home payment could look like

Use three fictional purchase budgets to explore the math. They are not neighborhood median prices, listings or loan offers. A $650,000 condo example, $950,000 home example and $1.3 million larger-loan example give you different down-payment and loan-size starting points.

For a Capitol Hill or Ballard condo search, bring actual association dues and building documents. For a West Seattle or Greenwood house, add property-specific insurance, taxes and maintenance. Queen Anne, Wallingford and every other neighborhood have varied properties; a neighborhood name alone cannot determine the budget or loan eligibility.

$3,287 principal & interest · $520,000 starting loan

This example is within the 2026 King County one-unit conforming limit. Eligibility still requires review.

Fictional purchase budgets, not neighborhood prices or available offers. The 6.5% rate is an editable illustration, not APR. Costs start at $0: enter applicable taxes, insurance, mortgage insurance and HOA dues for a fuller estimate. Closing costs and maintenance are excluded. Presets change only price and down payment; other entries stay in place. No information is submitted.

For closing cash as well as monthly payments, use the cash-to-close planner. Keep a reserve separate from both.

First-time buyer programs in Seattle

Enrique can help eligible buyers explore up to 5% down-payment assistance: 3.5% toward the down payment plus up to 1.5% toward closing costs. This option pairs an FHA purchase loan with a separate assistance loan that has its own monthly payment. It is not a grant, and there is no program income cap. Credit approval, property eligibility and lender requirements still apply.

Compare both loan payments, mortgage insurance, fees and the cash you will retain after closing. Ask for the assistance loan’s written terms, including its term, payment and what happens when you sell or refinance. Explore Enrique’s first-home assistance option →

Seattle’s Office of Housing also describes assistance through nonprofit and lending partners for income-eligible buyers. These are separate programs with their own funding, property and repayment rules. Confirm eligibility with the listed provider. Seattle Office of Housing: Buy A Home.

USE THE ACTUAL ADDRESS

A Seattle buyer’s checks before making an offer

Save the property address and work through these questions with your agent, lender and the appropriate city or county office. A neighborhood average cannot tell you what this particular home will cost or whether its financing will work.

Public records are a starting point. Confirm details with the appropriate office and qualified professionals; a mortgage review does not replace inspection, title or legal advice.

Refinancing a Seattle mortgage

Compare keeping the current loan with the proposed refinance using the same holding period. Include new charges, financed costs, remaining balances and the payoff date. The refinance break-even calculator shows when modeled payment savings recover upfront costs while keeping the remaining term unchanged.

If you need cash, compare a HELOC or separate equity loan with replacing the first mortgage. A lower payment may reflect a longer repayment period, and a variable-rate line can rise. Read HELOC versus cash-out refinancing and test the HELOC payment calculator. For a condo, ask whether the project or an assessment affects your options.

Seattle mortgage rates: compare your scenario

Use the Seattle and Washington mortgage rates page to request a written comparison. Enter your property and loan details, then confirm the quote date, rate, APR, points, fees and lock assumptions with your loan officer. There is no single Seattle rate that applies to every borrower.

We do not label an undated example as today’s available offer. A search is not a rate lock. Bring a written Loan Estimate for comparison if you are already shopping.

Plan the closing before promising a deadline

Ask what income and asset documentation has been reviewed, what underwriting conditions remain, and whether appraisal, title, insurance and any condo review can meet your target. A broker coordinates the process; the lender controls the credit decision. Ask what a lock extension would cost if the schedule changes.

For most covered mortgages, the Closing Disclosure must be received at least three business days before closing. Confirm the applicable calendar with your lender and settlement team. Use our Closing Disclosure review guide and the CFPB’s closing-document guidance to prepare questions before signing.

Seattle neighborhoods and nearby communities

We help buyers and homeowners compare mortgage questions for properties in Ballard, Capitol Hill, West Seattle, Queen Anne, Greenwood, Beacon Hill, Wallingford and other Seattle neighborhoods. Confirm costs and property requirements for the actual address. These are service areas, not separate branch offices or promises about local property values.

Seattle mortgage broker questions

CLIENT EXPERIENCES · ENRIQUE PELAYO JR

A Seattle reviewer’s experience

Selected excerpts about Enrique’s work, checked September 26, 2026. Experiences reflect their original dates and may predate the current company affiliation. Individual results vary.

Bring your next move into focus.

Mortgage guidance contact: Enrique Pelayo Jr, AMP · NMLS #131435
Mortgage Lending Group LLC · NMLS #1157983 · WA CL-1157983
English & Spanish · Mortgage experience since 2005

Verify NMLS information ↗ · Content standards · Seattle photo: Josh Hild / Unsplash

Prepared with AI assistance. Educational planning, not a loan quote, commitment or approval. Confirm current lender and program requirements for your application.

Questions behind your next decision

• Do I need 20% down to buy a home in Washington? →
• Can gift funds cover my down payment? →
• What closing costs should I budget for a Washington home purchase? →
• What credit score do I need for a conventional mortgage? →

All mortgage answers → · Mortgage updates →