Simple. Fast. Affordable.
Whether you're upsizing, downsizing or looking into a mortgage refinance, our expert Home Loan Guides can’t wait to partner with you on this big milestone.1 We make the residential mortgage process fast, easy and straightforward so you can focus on creating memories, not paperwork. We also offer our eSigning Experience, allowing you to close online from virtually anywhere. You can even sign right from your phone!2 All this and more makes Solarity your best option for home loans in Yakima, Washington.
Or call for today's rates: 888.626.1799
Loan options for all stages of home ownership
Home loans with a boost
Introducing Solarity Credit Union and the best mortgage experience you’ll ever have. We make the home loan process fast and easy. You can apply online in just a few minutes.
Rated 98 out of 100 by thousands of Solarity borrowers, our online mortgage process saves you time so you can focus on the things that really matter.3 And our expert Home Loan Guides are here to help every step of the way.
Home loan options include:
- Flexible loan terms to fit your budget and lifestyle
- Competitive rates and affordable payment options
- Flat origination fee, saving you thousands on closing costs
- Convenient e-Signing closing to save you time
- Servicing of your loan stays with Solarity – always!
Our members say it best
The Solarity eSigning Experience
When you choose Solarity's eSigning Experience, you complete the entire closing online, from the comfort of your home or office. You can skip the drive across town and focus instead on this exciting occasion....closing on your home loan!
So be sure to tell your real estate professional or title company you'd like to utilize Solarity's eSigning Experience for your closing.
- Sign from anywhere using your phone, tablet or computer
- Review your documents ahead of time before signing
- Remote Online Notary (RON) certifies the process (no need to leave home!)
- Close with your Solarity team and closing partners - all in one place: online
Get your personalized quote
Your expert Home Loan Guide will get to know you and what's most important to ensure you get the home loan that's right for you!
Give us a call today:
1.888.626.1799
Or start your application online:
Pre-approval: what you need to know
Pre-approval is an important first step in applying for a home loan. It gives you an idea of what you're likely to qualify for. It helps you figure out how much home you can afford and how much you'll be able to borrow.
Here's what you'll need to start the pre-approval process (full PDF checklist):
- Current address
- Driver's license and Social Security number
- Two months of bank statements
- Employment history for the past two years
- 30 days of pay stubs and the last two years' tax returns
- List of current debts
Let's talk about your ideal Yakima home loan
Applying for a mortgage shouldn't be difficult. We make is FAST and EASY with 3 simple ways to get started:
Online
It takes less than 10 minutes to apply online. Submit your application and we'll follow up with you to discuss your situation.
Get started
Call
Ready to talk to someone right now? Our Home Loan Guides are ready to talk to you, too! Call 1.888.626.1799.
Dial for meCommon questions about Yakima home loans
If you choose a fixed rate mortgage, the rate you lock in during the loan process will be the rate you have for the life of your loan. A 30-year fixed rate mortgage is one of the most common, traditional types of loans, and can be a particularly attractive option when rates are low.
If you choose an adjustable rate mortgage (or “ARM”) your rate will likely vary over the life of the loan. Many ARMs have what is known as an introductory period in which your rate stays the same for a specified amount of time, followed by periodic rate adjustments for the remainder of the loan. In a "5/1 ARM," for instance, your introductory rate will stay the same for the first five years, and your rate may then adjust up or down each year thereafter. The introductory rates on ARMs are often lower than their fixed rate loan equivalents.
Most lenders offer a wide variety of fixed- and adjustable-rate home loan options (Solarity does!). Solarity's expert Yakima Home Loan Guides will help walk you through the loan options to help you find the one that’s best for you and your particular situation.
A pre-approval letter is a document that states the dollar amount a lender is willing to lend toward a Yakima home purchase. It is important to have it when you start house hunting because it will show both your real estate agent and the sellers' agent that you’re a serious and qualified buyer.
Definitely not (unless you want to)! You can do the ENTIRE process online, applying for a Solarity home loan from your home computer or mobile device. In addition, you can call our expert Yakima Home Loan Guides. If you walk into a branch, we can connect you with our Home Loan Guides that way, too!
We will work around your schedule and will communicate with you in the manner that's most convenient for you. We go to great lengths to make the entire process for you as easy as we can. You can even close the loan from your mobile phone (message and data rates may apply). We can't wait to help you get started!
Closing costs are the fees and expenses you pay for a home loan and are typically between 2% and 6% of the loan amount. Closing costs consist of lender fees—such as the loan origination fee and discount points—as well as third-party fees, escrow account funds and prepaids like taxes and insurance.
At Solarity, we offer transparent loan pricing: our loan origination is a low, flat fee instead of the more common 1% of loan amount. The advantage of a flat fee is that no matter how large your loan is, your loan origination fee remains the same, which can save you money at closing.
Lenders are required by law to clearly disclose closing costs at the bottom of Page 1 of the standardized Loan Estimate form, which you can explore here. Lenders must deliver this form within three days of receiving your application. Whether you’re buying or refinancing, it doesn’t cost anything to apply for a home loan at Solarity, and you can apply online in just a few minutes. Once we receive your application, we can estimate how much you’ll need to bring to closing.
Still have questions about closing costs? Connect with our expert Home Loan Guides who can clarify any further questions you may have.
Solarity has a number of no down payment and low down payment options. For many loans, Private Mortgage Insurance or PMI may be required if you put less than 20% down. Read more about down payment requirements and saving for a down payment.
We can typically turn around a pre-approval letter very quickly - within 48 hours and a pre-qualification letter the same day. Supplying as much financial information as possible to our expert Home Loan Guides will move the process along quicker.
Want to learn more about what a pre-approval is and how it works? Watch our video.
Get started purchasing your new home
Other common questions about home loans:
Closing costs for homes in Yakima can vary based on a number of factors, including mortgage fees, escrow fees, recording and documentation fees, homeowners insurance, and title insurance fees.
You can use some of the resources provided by the WSHFC such as the Loan Estimate to get a better idea of what you’ll be paying, but for your best guess, estimate between 2 - 5% of what you paid.
Local assistance programs usually have similar requirements to those at the state or federal level, including:
- Credit score - Generally you will want to have a credit score that is above 570, or you may be at risk of having to put down a larger payment of at least 10%.
- Debt-to-income ratio - For buying a home, you cannot have a debt-to-income ratio that exceeds 43%. There are some factors that can change this slightly, such as the amount of savings or good credit, but this is the standard rule of thumb when you begin looking.
- Owner occupied - For assistance at any government level, one of the requirements is that you live in the home yourself and consider it your primary residence.
Finding Out All Your Options
Along with this opportunity, you can also consider the WSHFC EnergySpark program, which works in tandem with the Home Advantage program. By purchasing an eco-friendly home or a home that can be renovated to meet the state’s green standards, you can receive a larger discount on your property’s interest mortgage rates in Yakima.
Like the Home Advantage program, this one also offers competitive discounts on your interest rates and can be used on an FHA, VA or USDA loan.
There are usually a few requirements for these loans, including a credit score of 620 or above, along with income limits. The additional requirements will vary from program to program, so make sure to do your research when looking into which one is right for you.
There is also a needs-based version of the Home Advantage DPA, for those who have an income below ($105,300 a year ($134,000 in King or Snohomish counties). If you fall into this category, you can be qualified for a $10,000 loan that you can use for your down payment and pay off over the next 30 years. Along with deferred payments, the interest rate is low, at only 1%.
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Solarity’s Home Loan Member Experience Survey score from March 2022.