Washington Availability
Loan Factory $2,000 Best Price Guarantee in Washington
The Loan Factory $2,000 Best Price Guarantee is currently NOT available in Washington state. The program excludes WA per the published terms. Washington borrowers still benefit from Rate Direct's live wholesale pricing and a direct-to-broker shopping channel.
Why WA is excluded
The Loan Factory Best Price Guarantee program explicitly excludes Washington from the $2,000 payout. This is a program-level exclusion, not a Rate Direct policy. The underlying loan products (Conventional, FHA, VA) are still available to qualified WA borrowers - only the cash payout is excluded.
Conventional Loan Facts
- Down payment as low as 3% for first-time homebuyers, 5% for others
- Down payment assistance programs available to fully cover the 3% down payment
- Private Mortgage Insurance (PMI) required below 80% LTV - automatically removed at 78%
- Maximum DTI typically 45%, up to 50% with strong compensating factors
- Minimum credit score generally 620; best rates at 740+
- Available for primary residence, second home, or investment property
- No upfront mortgage insurance premium - only monthly PMI if applicable
WA borrowers - apply with transparent pricing
Wholesale rates, no contact gate. Same-day Loan Estimate and pre-approval with a short application.
Start my application$2,000 guarantee terms
Full program rules
Price guarantees explained
How mortgage guarantees work
Washington mortgage rates
State rate landing page