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Bothell, WA homebuyers exploring a 2-1 buydown mortgage option to lower their initial mortgage payments.

FHA Loan Changes: Non-Permanent Residents No Longer Eligible—What Seattle Homeowners Must Know

March 26, 20252 min read

Recent policy shifts by the FHA (Federal Housing Administration) under the Trump administration have significant impacts on mortgage eligibility—especially for non-permanent residents in Seattle, WA. Understanding these changes is crucial if you're looking to buy a home in Seattle using an FHA loan.

Here's everything Seattle homeowners and homebuyers need to know.


What’s Changed in FHA Loan Eligibility?

Previously, non-permanent residents legally living and working in the U.S. could qualify for FHA-backed loans, making homeownership more accessible. However, under recent policy changes, non-permanent residents—including workers on temporary visas—are no longer eligible for FHA-insured home loans.

This shift effectively restricts FHA mortgage benefits exclusively to U.S. citizens and lawful permanent residents (Green Card holders).


Why It Matters for Seattle Homebuyers

Seattle is home to a vibrant tech industry, attracting skilled workers from around the globe. Many homebuyers in Seattle are non-permanent residents holding H-1B, L-1, or other temporary work visas. This FHA policy change could significantly impact your homebuying options if you're in this category.

How this FHA Loan Change Affects Seattle’s Real Estate Market:

  • Reduced Access to FHA Loans: Non-permanent resident homebuyers must now explore conventional loans or alternative financing options, which often require higher credit scores and larger down payments.

  • Possible Slowed Homeownership Rates: FHA loans are attractive due to lower down payment requirements (as low as 3.5%). Removing this option may slow homeownership growth among non-permanent residents.

  • Shifts in Buyer Behavior: Homebuyers may delay homeownership or look for alternative financing solutions, potentially affecting home sales and prices in specific neighborhoods.


Alternatives for Non-Permanent Resident Buyers in Seattle

If you're affected by these FHA changes, there are still ways to achieve homeownership in Seattle:

  • Conventional Mortgages: Offered by private lenders, these typically require at least 5%-10% down but remain accessible to non-permanent residents with strong credit and steady employment.

  • Portfolio or Non-QM Loans: Offered by certain banks and mortgage lenders, these flexible lending options are tailored specifically to individuals with unique residency statuses.

  • Employer-Assisted Financing: Many Seattle-area companies (especially tech firms) offer financial assistance or special partnerships with mortgage lenders.


Advice for Seattle Homebuyers and Homeowners

  • Check Your Eligibility Early: Don’t assume FHA loans are your only option; consult with a mortgage professional who specializes in Seattle's market.

  • Explore Your Options: Understand conventional loans, jumbo loans, or non-QM alternatives. Having clarity on these alternatives will help you choose the best financing solution.

  • Stay Updated: Policies can shift quickly. Keeping informed with a trusted Seattle-based mortgage expert ensures you're prepared for any future policy adjustments.


Need Personalized Guidance?

Navigating these changes doesn’t have to be overwhelming. Whether you're a first-time homebuyer in Seattle or looking to refinance, having expert advice tailored to your unique situation can save you time and money.

👉 Get personalized mortgage solutions and expert advice here: www.saidhamood.com

home loanhome loan optionsFirst-time homebuyer programsfhafha eligibilityfha loanseattlefha loan changesnon-permanent residents
blog author image

Said Hamood - Seattle Mortgage Broker

Said Hamood has been in the mortgage industry for over three years, finding fulfillment in helping others achieve homeownership. Whether you're buying your first home, upgrading, or refinancing, he’s committed to making the process simple and stress-free. By actively listening to clients’ goals, he tailors financing solutions, offering conventional, jumbo, FHA, and VA loans to fit their needs.

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What is the first step in buying a home?

The first step is understanding your budget and getting pre-approved for a mortgage. This helps you know what you can afford and shows sellers that you're a serious buyer. I can guide you through this process to make sure you're prepared and confident.

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How much money do I need for a down payment?

Down payments typically range from 3% to 20% of the home’s purchase price, depending on the type of loan you qualify for. There are also programs for first-time homebuyers that may offer down payment assistance. I can help you explore your options.

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What does pre-approval mean, and why is it important?

Pre-approval means a lender has evaluated your financial information and determined the loan amount you're eligible for. It’s crucial because it gives you a clear idea of your budget, helps you compete with other buyers, and speeds up the closing process once you find a home.

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What types of loans are available for first-time homebuyers?

There are several loan options, including FHA loans, USDA loans, and conventional loans. The best option for you depends on factors like your credit score, income, and the location of the home. I can help you compare the options and choose the best one for your situation.

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How do I know if I qualify for a mortgage?

Lenders look at factors like your credit score, income, debt-to-income ratio, and the amount of money you have for a down payment. The good news is that I work with a range of clients, from those with perfect credit to first-time buyers, to help you find the right path to homeownership.

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What are closing costs, and how much should I expect to pay?

Closing costs usually range from 2% to 5% of the home's purchase price and cover fees like appraisals, inspections, and lender charges. I’ll help you understand all the costs involved so there are no surprises at the end of the process.

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Can I get a mortgage if I have student loans or other debt?

Yes! Many buyers with student loans or other forms of debt still qualify for a mortgage. Lenders look at your overall financial picture, including your income and debt-to-income ratio. Let’s talk through your situation, and I’ll help you find the best solution.

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How long does the home buying process take?

The process typically takes about 21 to 45 days from the time you make an offer to closing. However, this can vary depending on factors like inspections, appraisals, and the lender's processing time. I’ll keep you updated every step of the way so you know what to expect.

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What happens if my offer on a home is accepted?

Once your offer is accepted, the next steps include signing a purchase agreement, scheduling inspections, and finalizing your mortgage application. From there, the lender will process your loan, and we'll work together to ensure everything is in place for a smooth closing.

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How do I know if I’m ready to buy a home?

If you’re financially stable, have a reliable income, and can afford a down payment and monthly mortgage payments, you might be ready. I’ll help you assess your financial readiness and guide you through the process to ensure you’re making the best decision for your future.

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What is an FHA loan?

An FHA loan is a government-backed mortgage designed to help first-time homebuyers and those with less-than-perfect credit. It typically requires a lower down payment (as low as 3.5%) and has more flexible credit requirements, making it an excellent option for those who might not qualify for conventional loans.

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What is a VA loan, and who qualifies?

A VA loan is a mortgage loan backed by the U.S. Department of Veterans Affairs, designed for military service members, veterans, and certain members of the National Guard and Reserves. It typically requires no down payment or private mortgage insurance (PMI), making it a great option for those who qualify.

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What is a USDA loan?

A USDA loan is a government-backed mortgage offered to homebuyers in rural and suburban areas. It requires no down payment and offers competitive interest rates. To qualify, buyers need to meet income and property location requirements, making it a great option for those looking to buy in rural areas.

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What is a conventional loan?

A conventional loan is a mortgage that is not insured or backed by the federal government. These loans usually require a higher credit score and a larger down payment than FHA loans, but they come with more flexible terms and potentially lower mortgage insurance costs if you put down at least 20%.

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What is a jumbo loan?

A jumbo loan is a type of mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These loans are typically used for luxury or high-value homes and require stricter credit and income qualifications. They also tend to have higher interest rates due to the larger loan amounts.

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What is a fixed-rate mortgage?

A fixed-rate mortgage is a loan with an interest rate that stays the same throughout the life of the loan, typically 15, 20, or 30 years. This provides stability and predictable monthly payments, making it a popular choice for many homebuyers.

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What is an adjustable-rate mortgage (ARM)?

An adjustable-rate mortgage (ARM) is a type of loan where the interest rate can change periodically based on market conditions. ARMs typically start with lower rates for the first few years and then adjust. While this can offer lower initial payments, it comes with more risk as rates can increase over time.

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What is a renovation loan?

A renovation loan, like the FHA 203(k) loan, allows you to finance both the purchase of a home and the cost of repairs or renovations in one loan. This can be a great option if you want to buy a fixer-upper and make improvements to it, as it allows you to finance the project upfront.

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$ 1,663*

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Interest $1,458

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Monthly Payments with Tax and Insurance

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Principal $205
Interest $1,458
Taxes $225
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Your total Principal and Interest payment: $1,663

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Monthly Payments

$ 1,663*

Principal $205

Interest $1,458

Month Month No. Year No. Payment Principal Interest Total Interest Balance
May 1 1 $1,663 $205 $1,458 $1,458 $249,795
June 2 1 $1,663 $206 $1,457 $2,915 $249,589
July 3 1 $1,663 $207 $1,456 $4,371 $249,382
Aug. 4 1 $1,663 $209 $1,455 $5,826 $249,173
Sept. 5 1 $1,663 $210 $1,454 $7,280 $248,963
Oct. 6 1 $1,663 $211 $1,452 $8,732 $248,752
Nov. 7 1 $1,663 $212 $1,451 $10,183 $248,540
Dec. 8 1 $1,663 $213 $1,450 $11,633 $248,327
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 9 1 $1,663 $215 $1,449 $13,081 $248,112
Feb. 10 1 $1,663 $216 $1,447 $14,529 $247,896
Mar. 11 1 $1,663 $217 $1,446 $15,975 $247,679
April 12 1 $1,663 $218 $1,445 $17,420 $247,460
May 13 2 $1,663 $220 $1,444 $18,863 $247,241
June 14 2 $1,663 $221 $1,442 $20,305 $247,020
July 15 2 $1,663 $222 $1,441 $21,746 $246,797
Aug. 16 2 $1,663 $224 $1,440 $23,186 $246,574
Sept. 17 2 $1,663 $225 $1,438 $24,624 $246,349
Oct. 18 2 $1,663 $226 $1,437 $26,061 $246,123
Nov. 19 2 $1,663 $228 $1,436 $27,497 $245,895
Dec. 20 2 $1,663 $229 $1,434 $28,931 $245,666
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 21 2 $1,663 $230 $1,433 $30,364 $245,436
Feb. 22 2 $1,663 $232 $1,432 $31,796 $245,205
Mar. 23 2 $1,663 $233 $1,430 $33,227 $244,972
April 24 2 $1,663 $234 $1,429 $34,656 $244,737
May 25 3 $1,663 $236 $1,428 $36,083 $244,502
June 26 3 $1,663 $237 $1,426 $37,509 $244,265
July 27 3 $1,663 $238 $1,425 $38,934 $244,026
Aug. 28 3 $1,663 $240 $1,423 $40,358 $243,787
Sept. 29 3 $1,663 $241 $1,422 $41,780 $243,545
Oct. 30 3 $1,663 $243 $1,421 $43,201 $243,303
Nov. 31 3 $1,663 $244 $1,419 $44,620 $243,059
Dec. 32 3 $1,663 $245 $1,418 $46,038 $242,813
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 33 3 $1,663 $247 $1,416 $47,454 $242,567
Feb. 34 3 $1,663 $248 $1,415 $48,869 $242,318
Mar. 35 3 $1,663 $250 $1,414 $50,283 $242,069
April 36 3 $1,663 $251 $1,412 $51,695 $241,817
May 37 4 $1,663 $253 $1,411 $53,105 $241,565
June 38 4 $1,663 $254 $1,409 $54,514 $241,311
July 39 4 $1,663 $256 $1,408 $55,922 $241,055
Aug. 40 4 $1,663 $257 $1,406 $57,328 $240,798
Sept. 41 4 $1,663 $259 $1,405 $58,733 $240,539
Oct. 42 4 $1,663 $260 $1,403 $60,136 $240,279
Nov. 43 4 $1,663 $262 $1,402 $61,538 $240,018
Dec. 44 4 $1,663 $263 $1,400 $62,938 $239,754
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 45 4 $1,663 $265 $1,399 $64,336 $239,490
Feb. 46 4 $1,663 $266 $1,397 $65,733 $239,224
Mar. 47 4 $1,663 $268 $1,395 $67,129 $238,956
April 48 4 $1,663 $269 $1,394 $68,523 $238,686
May 49 5 $1,663 $271 $1,392 $69,915 $238,415
June 50 5 $1,663 $273 $1,391 $71,306 $238,143
July 51 5 $1,663 $274 $1,389 $72,695 $237,869
Aug. 52 5 $1,663 $276 $1,388 $74,082 $237,593
Sept. 53 5 $1,663 $277 $1,386 $75,468 $237,316
Oct. 54 5 $1,663 $279 $1,384 $76,853 $237,037
Nov. 55 5 $1,663 $281 $1,383 $78,236 $236,756
Dec. 56 5 $1,663 $282 $1,381 $79,617 $236,474
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 57 5 $1,663 $284 $1,379 $80,996 $236,190
Feb. 58 5 $1,663 $285 $1,378 $82,374 $235,905
Mar. 59 5 $1,663 $287 $1,376 $83,750 $235,618
April 60 5 $1,663 $289 $1,374 $85,124 $235,329
May 61 6 $1,663 $291 $1,373 $86,497 $235,038
June 62 6 $1,663 $292 $1,371 $87,868 $234,746
July 63 6 $1,663 $294 $1,369 $89,238 $234,452
Aug. 64 6 $1,663 $296 $1,368 $90,605 $234,157
Sept. 65 6 $1,663 $297 $1,366 $91,971 $233,859
Oct. 66 6 $1,663 $299 $1,364 $93,335 $233,560
Nov. 67 6 $1,663 $301 $1,362 $94,698 $233,260
Dec. 68 6 $1,663 $303 $1,361 $96,058 $232,957
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 69 6 $1,663 $304 $1,359 $97,417 $232,653
Feb. 70 6 $1,663 $306 $1,357 $98,774 $232,346
Mar. 71 6 $1,663 $308 $1,355 $100,130 $232,039
April 72 6 $1,663 $310 $1,354 $101,483 $231,729
May 73 7 $1,663 $312 $1,352 $102,835 $231,417
June 74 7 $1,663 $313 $1,350 $104,185 $231,104
July 75 7 $1,663 $315 $1,348 $105,533 $230,789
Aug. 76 7 $1,663 $317 $1,346 $106,879 $230,472
Sept. 77 7 $1,663 $319 $1,344 $108,224 $230,153
Oct. 78 7 $1,663 $321 $1,343 $109,566 $229,832
Nov. 79 7 $1,663 $323 $1,341 $110,907 $229,510
Dec. 80 7 $1,663 $324 $1,339 $112,246 $229,185
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 81 7 $1,663 $326 $1,337 $113,583 $228,859
Feb. 82 7 $1,663 $328 $1,335 $114,918 $228,531
Mar. 83 7 $1,663 $330 $1,333 $116,251 $228,201
April 84 7 $1,663 $332 $1,331 $117,582 $227,869
May 85 8 $1,663 $334 $1,329 $118,911 $227,535
June 86 8 $1,663 $336 $1,327 $120,239 $227,199
July 87 8 $1,663 $338 $1,325 $121,564 $226,861
Aug. 88 8 $1,663 $340 $1,323 $122,887 $226,521
Sept. 89 8 $1,663 $342 $1,321 $124,209 $226,179
Oct. 90 8 $1,663 $344 $1,319 $125,528 $225,835
Nov. 91 8 $1,663 $346 $1,317 $126,845 $225,489
Dec. 92 8 $1,663 $348 $1,315 $128,161 $225,141
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 93 8 $1,663 $350 $1,313 $129,474 $224,791
Feb. 94 8 $1,663 $352 $1,311 $130,785 $224,439
Mar. 95 8 $1,663 $354 $1,309 $132,095 $224,085
April 96 8 $1,663 $356 $1,307 $133,402 $223,729
May 97 9 $1,663 $358 $1,305 $134,707 $223,371
June 98 9 $1,663 $360 $1,303 $136,010 $223,011
July 99 9 $1,663 $362 $1,301 $137,311 $222,648
Aug. 100 9 $1,663 $364 $1,299 $138,609 $222,284
Sept. 101 9 $1,663 $367 $1,297 $139,906 $221,917
Oct. 102 9 $1,663 $369 $1,295 $141,201 $221,549
Nov. 103 9 $1,663 $371 $1,292 $142,493 $221,178
Dec. 104 9 $1,663 $373 $1,290 $143,783 $220,805
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 105 9 $1,663 $375 $1,288 $145,071 $220,429
Feb. 106 9 $1,663 $377 $1,286 $146,357 $220,052
Mar. 107 9 $1,663 $380 $1,284 $147,641 $219,672
April 108 9 $1,663 $382 $1,281 $148,922 $219,290
May 109 10 $1,663 $384 $1,279 $150,201 $218,906
June 110 10 $1,663 $386 $1,277 $151,478 $218,520
July 111 10 $1,663 $389 $1,275 $152,753 $218,132
Aug. 112 10 $1,663 $391 $1,272 $154,025 $217,741
Sept. 113 10 $1,663 $393 $1,270 $155,296 $217,348
Oct. 114 10 $1,663 $395 $1,268 $156,563 $216,952
Nov. 115 10 $1,663 $398 $1,266 $157,829 $216,555
Dec. 116 10 $1,663 $400 $1,263 $159,092 $216,155
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 117 10 $1,663 $402 $1,261 $160,353 $215,752
Feb. 118 10 $1,663 $405 $1,259 $161,612 $215,347
Mar. 119 10 $1,663 $407 $1,256 $162,868 $214,940
April 120 10 $1,663 $409 $1,254 $164,122 $214,531
May 121 11 $1,663 $412 $1,251 $165,373 $214,119
June 122 11 $1,663 $414 $1,249 $166,622 $213,705
July 123 11 $1,663 $417 $1,247 $167,869 $213,288
Aug. 124 11 $1,663 $419 $1,244 $169,113 $212,869
Sept. 125 11 $1,663 $422 $1,242 $170,355 $212,448
Oct. 126 11 $1,663 $424 $1,239 $171,594 $212,024
Nov. 127 11 $1,663 $426 $1,237 $172,831 $211,597
Dec. 128 11 $1,663 $429 $1,234 $174,065 $211,168
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 129 11 $1,663 $431 $1,232 $175,297 $210,737
Feb. 130 11 $1,663 $434 $1,229 $176,526 $210,303
Mar. 131 11 $1,663 $436 $1,227 $177,753 $209,866
April 132 11 $1,663 $439 $1,224 $178,977 $209,427
May 133 12 $1,663 $442 $1,222 $180,199 $208,986
June 134 12 $1,663 $444 $1,219 $181,418 $208,542
July 135 12 $1,663 $447 $1,216 $182,634 $208,095
Aug. 136 12 $1,663 $449 $1,214 $183,848 $207,645
Sept. 137 12 $1,663 $452 $1,211 $185,060 $207,193
Oct. 138 12 $1,663 $455 $1,209 $186,268 $206,739
Nov. 139 12 $1,663 $457 $1,206 $187,474 $206,282
Dec. 140 12 $1,663 $460 $1,203 $188,678 $205,822
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 141 12 $1,663 $463 $1,201 $189,878 $205,359
Feb. 142 12 $1,663 $465 $1,198 $191,076 $204,894
Mar. 143 12 $1,663 $468 $1,195 $192,271 $204,426
April 144 12 $1,663 $471 $1,192 $193,464 $203,955
May 145 13 $1,663 $474 $1,190 $194,653 $203,481
June 146 13 $1,663 $476 $1,187 $195,840 $203,005
July 147 13 $1,663 $479 $1,184 $197,025 $202,526
Aug. 148 13 $1,663 $482 $1,181 $198,206 $202,044
Sept. 149 13 $1,663 $485 $1,179 $199,385 $201,559
Oct. 150 13 $1,663 $487 $1,176 $200,560 $201,072
Nov. 151 13 $1,663 $490 $1,173 $201,733 $200,582
Dec. 152 13 $1,663 $493 $1,170 $202,903 $200,088
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 153 13 $1,663 $496 $1,167 $204,071 $199,592
Feb. 154 13 $1,663 $499 $1,164 $205,235 $199,093
Mar. 155 13 $1,663 $502 $1,161 $206,396 $198,592
April 156 13 $1,663 $505 $1,158 $207,555 $198,087
May 157 14 $1,663 $508 $1,156 $208,710 $197,579
June 158 14 $1,663 $511 $1,153 $209,863 $197,068
July 159 14 $1,663 $514 $1,150 $211,012 $196,555
Aug. 160 14 $1,663 $517 $1,147 $212,159 $196,038
Sept. 161 14 $1,663 $520 $1,144 $213,302 $195,518
Oct. 162 14 $1,663 $523 $1,141 $214,443 $194,995
Nov. 163 14 $1,663 $526 $1,137 $215,580 $194,470
Dec. 164 14 $1,663 $529 $1,134 $216,715 $193,941
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 165 14 $1,663 $532 $1,131 $217,846 $193,409
Feb. 166 14 $1,663 $535 $1,128 $218,974 $192,874
Mar. 167 14 $1,663 $538 $1,125 $220,099 $192,336
April 168 14 $1,663 $541 $1,122 $221,221 $191,794
May 169 15 $1,663 $544 $1,119 $222,340 $191,250
June 170 15 $1,663 $548 $1,116 $223,456 $190,702
July 171 15 $1,663 $551 $1,112 $224,568 $190,151
Aug. 172 15 $1,663 $554 $1,109 $225,678 $189,597
Sept. 173 15 $1,663 $557 $1,106 $226,783 $189,040
Oct. 174 15 $1,663 $561 $1,103 $227,886 $188,480
Nov. 175 15 $1,663 $564 $1,099 $228,986 $187,916
Dec. 176 15 $1,663 $567 $1,096 $230,082 $187,349
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 177 15 $1,663 $570 $1,093 $231,175 $186,778
Feb. 178 15 $1,663 $574 $1,090 $232,264 $186,205
Mar. 179 15 $1,663 $577 $1,086 $233,350 $185,628
April 180 15 $1,663 $580 $1,083 $234,433 $185,047
May 181 16 $1,663 $584 $1,079 $235,513 $184,463
June 182 16 $1,663 $587 $1,076 $236,589 $183,876
July 183 16 $1,663 $591 $1,073 $237,661 $183,285
Aug. 184 16 $1,663 $594 $1,069 $238,731 $182,691
Sept. 185 16 $1,663 $598 $1,066 $239,796 $182,094
Oct. 186 16 $1,663 $601 $1,062 $240,858 $181,493
Nov. 187 16 $1,663 $605 $1,059 $241,917 $180,888
Dec. 188 16 $1,663 $608 $1,055 $242,972 $180,280
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 189 16 $1,663 $612 $1,052 $244,024 $179,669
Feb. 190 16 $1,663 $615 $1,048 $245,072 $179,053
Mar. 191 16 $1,663 $619 $1,044 $246,117 $178,435
April 192 16 $1,663 $622 $1,041 $247,157 $177,812
May 193 17 $1,663 $626 $1,037 $248,195 $177,186
June 194 17 $1,663 $630 $1,034 $249,228 $176,557
July 195 17 $1,663 $633 $1,030 $250,258 $175,923
Aug. 196 17 $1,663 $637 $1,026 $251,284 $175,286
Sept. 197 17 $1,663 $641 $1,023 $252,307 $174,645
Oct. 198 17 $1,663 $644 $1,019 $253,326 $174,001
Nov. 199 17 $1,663 $648 $1,015 $254,341 $173,353
Dec. 200 17 $1,663 $652 $1,011 $255,352 $172,701
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 201 17 $1,663 $656 $1,007 $256,359 $172,045
Feb. 202 17 $1,663 $660 $1,004 $257,363 $171,385
Mar. 203 17 $1,663 $664 $1,000 $258,363 $170,722
April 204 17 $1,663 $667 $996 $259,358 $170,054
May 205 18 $1,663 $671 $992 $260,350 $169,383
June 206 18 $1,663 $675 $988 $261,339 $168,708
July 207 18 $1,663 $679 $984 $262,323 $168,029
Aug. 208 18 $1,663 $683 $980 $263,303 $167,346
Sept. 209 18 $1,663 $687 $976 $264,279 $166,658
Oct. 210 18 $1,663 $691 $972 $265,251 $165,967
Nov. 211 18 $1,663 $695 $968 $266,219 $165,272
Dec. 212 18 $1,663 $699 $964 $267,183 $164,573
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 213 18 $1,663 $703 $960 $268,143 $163,870
Feb. 214 18 $1,663 $707 $956 $269,099 $163,163
Mar. 215 18 $1,663 $711 $952 $270,051 $162,451
April 216 18 $1,663 $716 $948 $270,999 $161,735
May 217 19 $1,663 $720 $943 $271,942 $161,016
June 218 19 $1,663 $724 $939 $272,881 $160,292
July 219 19 $1,663 $728 $935 $273,816 $159,563
Aug. 220 19 $1,663 $732 $931 $274,747 $158,831
Sept. 221 19 $1,663 $737 $927 $275,674 $158,094
Oct. 222 19 $1,663 $741 $922 $276,596 $157,353
Nov. 223 19 $1,663 $745 $918 $277,514 $156,608
Dec. 224 19 $1,663 $750 $914 $278,427 $155,858
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 225 19 $1,663 $754 $909 $279,337 $155,104
Feb. 226 19 $1,663 $758 $905 $280,241 $154,345
Mar. 227 19 $1,663 $763 $900 $281,142 $153,583
April 228 19 $1,663 $767 $896 $282,038 $152,815
May 229 20 $1,663 $772 $891 $282,929 $152,043
June 230 20 $1,663 $776 $887 $283,816 $151,267
July 231 20 $1,663 $781 $882 $284,698 $150,486
Aug. 232 20 $1,663 $785 $878 $285,576 $149,701
Sept. 233 20 $1,663 $790 $873 $286,449 $148,911
Oct. 234 20 $1,663 $795 $869 $287,318 $148,116
Nov. 235 20 $1,663 $799 $864 $288,182 $147,317
Dec. 236 20 $1,663 $804 $859 $289,041 $146,513
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 237 20 $1,663 $809 $855 $289,896 $145,704
Feb. 238 20 $1,663 $813 $850 $290,746 $144,891
Mar. 239 20 $1,663 $818 $845 $291,591 $144,073
April 240 20 $1,663 $823 $840 $292,432 $143,250
May 241 21 $1,663 $828 $836 $293,267 $142,423
June 242 21 $1,663 $832 $831 $294,098 $141,590
July 243 21 $1,663 $837 $826 $294,924 $140,753
Aug. 244 21 $1,663 $842 $821 $295,745 $139,911
Sept. 245 21 $1,663 $847 $816 $296,561 $139,063
Oct. 246 21 $1,663 $852 $811 $297,372 $138,211
Nov. 247 21 $1,663 $857 $806 $298,179 $137,354
Dec. 248 21 $1,663 $862 $801 $298,980 $136,492
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 249 21 $1,663 $867 $796 $299,776 $135,625
Feb. 250 21 $1,663 $872 $791 $300,567 $134,753
Mar. 251 21 $1,663 $877 $786 $301,353 $133,876
April 252 21 $1,663 $882 $781 $302,134 $132,994
May 253 22 $1,663 $887 $776 $302,910 $132,106
June 254 22 $1,663 $893 $771 $303,681 $131,214
July 255 22 $1,663 $898 $765 $304,446 $130,316
Aug. 256 22 $1,663 $903 $760 $305,206 $129,413
Sept. 257 22 $1,663 $908 $755 $305,961 $128,504
Oct. 258 22 $1,663 $914 $750 $306,711 $127,591
Nov. 259 22 $1,663 $919 $744 $307,455 $126,672
Dec. 260 22 $1,663 $924 $739 $308,194 $125,747
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 261 22 $1,663 $930 $734 $308,928 $124,818
Feb. 262 22 $1,663 $935 $728 $309,656 $123,883
Mar. 263 22 $1,663 $941 $723 $310,378 $122,942
April 264 22 $1,663 $946 $717 $311,095 $121,996
May 265 23 $1,663 $952 $712 $311,807 $121,044
June 266 23 $1,663 $957 $706 $312,513 $120,087
July 267 23 $1,663 $963 $701 $313,214 $119,124
Aug. 268 23 $1,663 $968 $695 $313,909 $118,156
Sept. 269 23 $1,663 $974 $689 $314,598 $117,182
Oct. 270 23 $1,663 $980 $684 $315,281 $116,202
Nov. 271 23 $1,663 $985 $678 $315,959 $115,217
Dec. 272 23 $1,663 $991 $672 $316,631 $114,226
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 273 23 $1,663 $997 $666 $317,298 $113,229
Feb. 274 23 $1,663 $1,003 $661 $317,958 $112,226
Mar. 275 23 $1,663 $1,009 $655 $318,613 $111,217
April 276 23 $1,663 $1,014 $649 $319,262 $110,203
May 277 24 $1,663 $1,020 $643 $319,904 $109,182
June 278 24 $1,663 $1,026 $637 $320,541 $108,156
July 279 24 $1,663 $1,032 $631 $321,172 $107,124
Aug. 280 24 $1,663 $1,038 $625 $321,797 $106,085
Sept. 281 24 $1,663 $1,044 $619 $322,416 $105,041
Oct. 282 24 $1,663 $1,051 $613 $323,029 $103,990
Nov. 283 24 $1,663 $1,057 $607 $323,635 $102,934
Dec. 284 24 $1,663 $1,063 $600 $324,236 $101,871
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 285 24 $1,663 $1,069 $594 $324,830 $100,802
Feb. 286 24 $1,663 $1,075 $588 $325,418 $99,727
Mar. 287 24 $1,663 $1,082 $582 $326,000 $98,645
April 288 24 $1,663 $1,088 $575 $326,575 $97,557
May 289 25 $1,663 $1,094 $569 $327,144 $96,463
June 290 25 $1,663 $1,101 $563 $327,707 $95,363
July 291 25 $1,663 $1,107 $556 $328,263 $94,256
Aug. 292 25 $1,663 $1,113 $550 $328,813 $93,142
Sept. 293 25 $1,663 $1,120 $543 $329,356 $92,022
Oct. 294 25 $1,663 $1,126 $537 $329,893 $90,896
Nov. 295 25 $1,663 $1,133 $530 $330,423 $89,763
Dec. 296 25 $1,663 $1,140 $524 $330,947 $88,623
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 297 25 $1,663 $1,146 $517 $331,464 $87,477
Feb. 298 25 $1,663 $1,153 $510 $331,974 $86,324
Mar. 299 25 $1,663 $1,160 $504 $332,478 $85,164
April 300 25 $1,663 $1,166 $497 $332,975 $83,998
May 301 26 $1,663 $1,173 $490 $333,465 $82,824
June 302 26 $1,663 $1,180 $483 $333,948 $81,644
July 303 26 $1,663 $1,187 $476 $334,424 $80,457
Aug. 304 26 $1,663 $1,194 $469 $334,893 $79,263
Sept. 305 26 $1,663 $1,201 $462 $335,356 $78,063
Oct. 306 26 $1,663 $1,208 $455 $335,811 $76,855
Nov. 307 26 $1,663 $1,215 $448 $336,259 $75,640
Dec. 308 26 $1,663 $1,222 $441 $336,701 $74,418
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 309 26 $1,663 $1,229 $434 $337,135 $73,189
Feb. 310 26 $1,663 $1,236 $427 $337,562 $71,952
Mar. 311 26 $1,663 $1,244 $420 $337,981 $70,709
April 312 26 $1,663 $1,251 $412 $338,394 $69,458
May 313 27 $1,663 $1,258 $405 $338,799 $68,200
June 314 27 $1,663 $1,265 $398 $339,197 $66,934
July 315 27 $1,663 $1,273 $390 $339,587 $65,662
Aug. 316 27 $1,663 $1,280 $383 $339,970 $64,381
Sept. 317 27 $1,663 $1,288 $376 $340,346 $63,094
Oct. 318 27 $1,663 $1,295 $368 $340,714 $61,798
Nov. 319 27 $1,663 $1,303 $360 $341,074 $60,496
Dec. 320 27 $1,663 $1,310 $353 $341,427 $59,185
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 321 27 $1,663 $1,318 $345 $341,773 $57,867
Feb. 322 27 $1,663 $1,326 $338 $342,110 $56,542
Mar. 323 27 $1,663 $1,333 $330 $342,440 $55,208
April 324 27 $1,663 $1,341 $322 $342,762 $53,867
May 325 28 $1,663 $1,349 $314 $343,076 $52,518
June 326 28 $1,663 $1,357 $306 $343,383 $51,161
July 327 28 $1,663 $1,365 $298 $343,681 $49,796
Aug. 328 28 $1,663 $1,373 $290 $343,972 $48,423
Sept. 329 28 $1,663 $1,381 $282 $344,254 $47,043
Oct. 330 28 $1,663 $1,389 $274 $344,528 $45,654
Nov. 331 28 $1,663 $1,397 $266 $344,795 $44,257
Dec. 332 28 $1,663 $1,405 $258 $345,053 $42,852
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 333 28 $1,663 $1,413 $250 $345,303 $41,439
Feb. 334 28 $1,663 $1,422 $242 $345,545 $40,017
Mar. 335 28 $1,663 $1,430 $233 $345,778 $38,587
April 336 28 $1,663 $1,438 $225 $346,003 $37,149
May 337 29 $1,663 $1,447 $217 $346,220 $35,702
June 338 29 $1,663 $1,455 $208 $346,428 $34,247
July 339 29 $1,663 $1,463 $200 $346,628 $32,784
Aug. 340 29 $1,663 $1,472 $191 $346,819 $31,312
Sept. 341 29 $1,663 $1,481 $183 $347,002 $29,831
Oct. 342 29 $1,663 $1,489 $174 $347,176 $28,342
Nov. 343 29 $1,663 $1,498 $165 $347,341 $26,844
Dec. 344 29 $1,663 $1,507 $157 $347,498 $25,338
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 345 29 $1,663 $1,515 $148 $347,645 $23,822
Feb. 346 29 $1,663 $1,524 $139 $347,784 $22,298
Mar. 347 29 $1,663 $1,533 $130 $347,915 $20,765
April 348 29 $1,663 $1,542 $121 $348,036 $19,222
May 349 30 $1,663 $1,551 $112 $348,148 $17,671
June 350 30 $1,663 $1,560 $103 $348,251 $16,111
July 351 30 $1,663 $1,569 $94 $348,345 $14,542
Aug. 352 30 $1,663 $1,578 $85 $348,430 $12,963
Sept. 353 30 $1,663 $1,588 $76 $348,505 $11,376
Oct. 354 30 $1,663 $1,597 $66 $348,572 $9,779
Nov. 355 30 $1,663 $1,606 $57 $348,629 $8,173
Dec. 356 30 $1,663 $1,616 $48 $348,676 $6,557
Month Month No. Year No. Payment Principal Interest Total Interest Balance
Jan. 357 30 $1,663 $1,625 $38 $348,715 $4,932
Feb. 358 30 $1,663 $1,634 $29 $348,743 $3,298
Mar. 359 30 $1,663 $1,644 $19 $348,763 $1,654
April 360 30 $1,663 $1,654 $10 $348,772 $0
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Said HamoodMortgage Broker

NMLS# 1827048

Seattle, WA

206.565.1315

said@barrettfinancial.com

*Results are hypothetical and may not be accurate. This is not a commitment to lend nor a preapproval. Consult a financial professional for full details.

Payment example: If you bought a $450,000 home with a 20% down payment, for a loan amount of $360,000, with a 30 year term at a fixed rate of 6.125% (Annual Percentage Rate 6.220%), you would make 360 payments of $2,189.00. Payment stated does not include taxes and insurance, which will result in a higher payment.

"I educate first-time homebuyers so they can make informed decisions"

Said Hamood - Seattle Mortgage Broker - NMLS#1827048

Said Hamood | NMLS #1827048 | Barrett Financial Group, L.L.C. | NMLS #181106 | 275 E Rivulon Blvd, Suite 200, Gilbert, AZ 85297 | TX view complaint policy at www.barrettfinancial.com/texas-complaint | WA MB-181106 | Equal Housing Opportunity | This is not a commitment to lend. *All loans are subject to credit approval. | mlsconsumeraccess.org/EntityDetails.aspx/COMPANY/181106