Mortgages

Whether you're buying your first home, considering a second mortgage, or refinancing, the loan process can be confusing and complicated - even overwhelming.

Below you will find information and resources that will help you as you embark on one of the biggest financial decisions you'll make in your lifetime.

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Foreclosure Help and Information

DFI has information on some of the steps you can take to prevent foreclosure.

• Foreclosure Help and Information
  Information on what to do if you are facing foreclosure. Counseling and assistance is also available to Washington residents. To be connected to a counselor, call the Washington Homeownership Information Hotline at 1-877-894-HOME (4663).
• Beware of Foreclosure Rescue Scams
  Solutions that sound too simple or too good to be true usually are.

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Information and Resources

Information and resources from the Washington State Department of Financial Institutions and other organizations.

Buying A Home

• DFI's Free Guide to Home Loans
• Programs And Free Classes
  From the Washington State Housing Finance Commission
• Information About Buying A Home
  From HUD

Loan Modifications

• Be Cautious When Using Loan Modification Services
  From DFI
  

Predatory Lending

• About Predatory Lending And How To Avoid It
  From DFI
  

Reverse Mortgages

Note: Due to uncertainties associated with valuations in the housing market, some large well known lenders have stopped providing reverse mortgages. If you are interested in a reverse mortgage be sure you carefully investigate any company you may do business with, beginning with whether it is authorized to do business in Washington. DFI is happy to help you confirm proper licensing or regulation of any company. Contact us at 1-877-RING DFI (1-877-746-4334) with questions or concerns.

• Reverse Mortgage Fact Sheet
  Information from DFI about reverse mortgages.
• Reverse Mortgage Information (PDF)*
  From AARP
• Reverse Mortgages: Are They for You?
  From the Office of the Comptroller of the Currency

Short Sales

• Short Sales Information and Seller Advisory

Calculators

• True Cost Calculators
  From Fannie Mae

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DFI's Free Guide to Home Loans

Whether you're buying your first home, considering a second mortgage, refinancing, or considering a reverse mortgage the loan process can be confusing and complicated. 

As you embark on one of the biggest financial decisions you'll make, use DFI's free Guide to Home Loans to help you understand and navigate the loan process.

Formats Available Hard Copy Workbook Request a workbook for free. Online PDF Version View Workbook (PDF)* (2.8 MB) Updates to Workbook In 2010, the U.S. Department of Housing and Urban Development (HUD) revised both the Good Faith Estimate and HUD-1 forms. New Good Faith Estimate Form (PDF)* New HUD-1 Form (PDF)*

Note: The CD-ROM version of DFI's Guide to Home Loans is no longer available.

* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.

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