Frequently Asked Questions
Home Loan Questions, Answered
Short, straightforward answers to the questions we hear most often from buyers and homeowners in Poulsbo and Kitsap County. Don't see yours? Reach out — we're happy to help.
What areas does The Mason Group Loans serve?+
We're based in Poulsbo, WA and originate home loans throughout the Kitsap Peninsula and Western Washington — including Bainbridge Island, Silverdale, Kingston, Bremerton, Port Orchard, Suquamish, Hansville, Seabeck, Gig Harbor, Port Townsend, and Shelton.
How do I get pre-approved for a home loan in Poulsbo?+
Start by submitting our short online application with either Kym Mason or Desiree Broshears. We'll review your income, assets, and credit, then issue a pre-approval letter — typically within one to two business days — that you can use to make offers.
What credit score do I need to qualify for a mortgage?+
Conventional loans generally start at a 620 FICO score, FHA loans can go down to 580 (and sometimes 500 with 10% down), and VA loans are flexible with no industry-wide minimum. We'll review your full profile, not just your score.
How much do I need for a down payment?+
Down payments range from 0% (VA and USDA) to 3% (some conventional first-time buyer programs), 3.5% (FHA), and 20%+ (conventional with no mortgage insurance). The right program depends on your goals and cash on hand.
Do you offer VA loans for Naval Base Kitsap families?+
Yes. VA loans are one of our most-used programs for active-duty Navy families at Naval Base Kitsap, Bangor, and Bremerton. We help with VA purchase loans, VA refinances (IRRRL), and VA jumbo scenarios.
Should I refinance my mortgage right now?+
It depends on your current rate, how long you plan to stay in the home, and your goals (lower payment, shorter term, cash out, or removing PMI). We offer a free refinance analysis and can enroll you in Rate Watch so we alert you when rates hit your target.
What does it cost to work with The Mason Group Loans?+
There's no cost to get pre-approved or to receive a loan options review. Standard third-party closing costs (appraisal, title, recording, etc.) apply at closing and are disclosed up front in your Loan Estimate.
How long does the home loan process take?+
Most purchase loans close in 21–30 days from accepted offer; refinances typically close in 20–35 days. We coordinate closely with you, your Realtor, and escrow to keep the timeline tight.