Sammamish Mortgage

Name

Sammamish Mortgage

Legal name

Sammamish Mortgage

Website

https://sammamishmortgage.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Real Estate Credit (522292)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Government-Insured Mortgage Origination (FHA/VA/USDA) (FSALAAAI)

Keywords

• Residential mortgage lending
• Mortgage refinancing
• Home purchase financing
• FHA VA loans
• Jumbo mortgages

Headquarters

HQ city

Bellevue

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Mortgage Origination Revenue: Revenue generated from originating mortgage loans. The company charges $1 Lender Fee as their primary fee structure, differentiating from traditional lenders who charge higher origination fees.
2. Interest Income: Revenue from interest payments on originated mortgages held or sold to investors in their network of over 20 banks, lenders, and investors.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Sammamish Mortgage originates and funds residential mortgage loans for purchase and refinance through an in-house underwriting, processing, and funding operation, licensed across Washington, Oregon, Idaho, California, and Colorado. Its core loan lineup covers fixed-rate (10-30 year), adjustable-rate, FHA, VA, Jumbo, and USDA mortgages, with specialized programs (Cash Buyer, Bridge, Diamond Homebuyer, DSCR, bank statement, 1099-only, asset-based, self-employed, investment property, second home) and underwritten pre-approvals. Loans are priced with a flat $1 lender fee plus closing costs, supported by a proprietary real-time rate comparison engine that surveys 20+ banks, lenders, and investors without requiring borrower personal information.

Product overview

Sammamish Mortgage is a family-owned mortgage lending company operating since 1992, offering a comprehensive suite of mortgage products and digital tools across five states (Washington, Oregon, Idaho, California, and Colorado). The core offering consists of mortgage purchase financing and refinance services, supported by a variety of loan programs including Fixed Rate Mortgages (30, 25, 20, 15, and 10-year terms), Adjustable Rate Mortgages, FHA Loans, VA Loans, and Jumbo Loans. The company differentiates through specialized programs like the Cash Buyer Program, Bridge Loans, and Diamond Homebuyer Program designed for competitive markets. Self-employed borrowers are served through alternative documentation products including Self-Employed Loans, Bank Statement Loans, Asset-Based Loans, DSCR Loans, and 1099-Only Loans. The digital platform includes an Instant Rate Quote Tool, Mortgage Calculator, Refinance Calculator, Buydown Calculator, Loan Limits Tool, Mortgage Rate Tracker, Home Value Report (via Homebot integration), and a Secure Document Upload Portal integrated into an Online Borrower Portal. The company emphasizes in-house underwriting, $1 lender fees, and a Mortgage Advisor model providing personalized guidance.

Differentiator

Problem solved

Functional benefit

Products and services

• Mortgage Purchase Financing End-to-end home purchase financing across Washington, Oregon, Idaho, California, and Colorado, offering Conventional, FHA, VA, Jumbo, and USDA loans tailored to first-time homebuyers through experienced homeowners, delivered with in-house underwriting and a $1 lender fee.
• Refinance Services Mortgage refinancing offerings including rate-and-term refinance, cash-out refinance, no-cost refinancing, and VA Streamline Refinance, designed to lower monthly payments or tap home equity for borrowers in WA, OR, ID, CA, and CO.
• Fixed Rate Mortgages Fixed-rate mortgage products available in 30-year, 25-year, 20-year, 15-year, and 10-year terms, offering predictable monthly payments with a locked interest rate for the life of the loan.
• Adjustable Rate Mortgages (ARM) Adjustable-rate mortgages that begin with low introductory rates and adjust periodically based on market conditions, typically structured as 5- or 7-year ARMs for borrowers seeking lower initial payments.
• FHA Mortgage Loans Government-insured fixed-rate FHA loans designed for borrowers with lower credit scores or smaller down payments, featuring government guarantees and more flexible qualification criteria for first-time and lower-credit borrowers.
• VA Mortgage Loans No-down-payment VA mortgages with competitive rates exclusively for qualifying veterans, active-duty service members, and surviving spouses, with no private mortgage insurance requirement.
• Jumbo Mortgage Loans Large mortgage loans exceeding conforming loan limits for higher-priced properties in markets such as Denver, Boulder, and mountain communities, with stricter qualification criteria.
• Cash Buyer Program Program allowing buyers to make all-cash offers on homes, strengthening their position in competitive real estate markets by removing financing-contention risk and accelerating seller confidence.
• Bridge Loans Short-term financing solution that helps buyers transition between selling one home and purchasing another by providing funds to close on the new home before the existing home is sold.
• Diamond Homebuyer Program Special buyer-assistance program offering competitive advantages and strategies to help homebuyers get their offers accepted in highly competitive markets.
• Self-Employed Home Loans Mortgage products designed for entrepreneurs using alternative income documentation such as tax returns, bank statements, or 1099 forms to verify repayment ability, suited to non-W-2 income borrowers.
• Bank Statement Loans Loans that allow borrowers to qualify based on deposit history rather than traditional income documents, designed for self-employed individuals with non-W-2 income.
• Asset-Based Loans Loans that use personal or business assets as collateral to secure financing when traditional income documentation is limited, qualifying the borrower based on asset value rather than income.
• DSCR Loans Debt Service Coverage Ratio loans that qualify borrowers based on the cash flow of the subject property rather than personal income, designed for real estate investors financing investment properties.
• 1099-Only Loans Loans that help independent contractors qualify using annual 1099 income statements without requiring full tax returns, streamlining qualification for 1099 workers.
• Investment Property Loans Loans for properties purchased primarily for rental income or future appreciation rather than as a primary residence, with specific down-payment and reserve requirements.
• Second Home Loans Mortgages for vacation homes or additional residences separate from the borrower's primary residence, with distinct occupancy and financing requirements, including mountain and resort properties.
• Mortgage Pre-Approval Underwritten pre-approval providing a conditional commitment to finance a home purchase based on verified credit, income, assets, and debt analysis, delivered as a pre-approval letter to strengthen buyer offers.
• Instant Rate Quote Tool Real-time mortgage rate comparison tool that provides instant estimates from Sammamish Mortgage's network of 20+ lenders with no email, credit check, or personal information required, functioning as a borrower-facing quoting service.
• Online Borrower Portal Application End-to-end online application system at app.sammamishmortgage.com where borrowers can complete the mortgage application, track progress, view milestones, e-sign, and upload documents across the loan lifecycle.

Quantifiable outcome

• Close purchase loans in as little as 2-3 weeks
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Four partnerships are on record, tiered supporting.

• Third-Party Service ProviderssupportingTechnology or IntegrationThird-party analytics platforms including Google Analytics, Facebook Pixel, and Sessions for website analytics and marketing optimization. Additional providers for fraud prevention, communication delivery, and operational efficiency.
• Title Offices and Escrow OfficessupportingImplementation/ SI/ Consulting PartnerPartnership with title and escrow offices to facilitate smooth closing processes for mortgage transactions.
• Appraisal Management CompaniessupportingTechnology or IntegrationAMC partnerships for ordering and managing property appraisals required for mortgage approval.
• Credit Reporting AgenciessupportingTechnology or IntegrationPartnerships with major credit reporting agencies for pulling credit reports during pre-approval and loan processing.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• NewRez (New Residential Mortgage): National mortgage originator and servicer offering Conventional, FHA, VA, and Jumbo products. Comparable as a multi-channel originator working with retail and wholesale channels similar to Sammamish's lender-network model.
• Guild Mortgage: Independent retail mortgage lender with a multi-state Pacific/Western footprint including WA, OR, and CA. Comparable as a regional-to-national originator with similar product breadth in FHA, VA, Jumbo, and specialty loan programs.
• Guaranteed Rate: National independent mortgage lender focused on purchase and refinance with strong digital tooling and float-the-rate pricing. Comparable as a tech-forward mid-to-large mortgage originator competing outside the big-bank universe.
• Cornerstone Home Lending: Independent mortgage banker with multi-state lending operations including the Western US. Comparable as a mid-sized independent lender offering direct-to-consumer purchase and refinance with banker-style in-house processing.
• Fairway Independent Mortgage Corporation: Large multi-channel independent mortgage lender offering purchase, refinance, FHA, VA, and specialty programs across many states. Comparable to Sammamish for direct-to-consumer mortgage origination with broker-like service model.
• Caliber Home Loans: National independent mortgage lender with specialty in non-QM, bank statement, and self-employed programs. Directly comparable for Sammamish's alternative-documentation and self-employed borrower niche.

Broad incumbents

• Rocket Mortgage (Rocket Companies): Largest US retail mortgage originator with national digital-direct brand and massive marketing scale. Comparable as a competing channel for Sammamish's direct-to-consumer, tech-forward mortgage origination model.
• loanDepot: National retail and wholesale mortgage originator with strong digital brand (Rocket Pro, mello). Comparable as a large incumbent competing with Sammamish across retail, wholesale, and partner channels.
• United Wholesale Mortgage (UWM): Largest US wholesale mortgage lender working primarily through mortgage brokers. Comparable as a wholesale channel counterparty in Sammamish's network of 20+ lenders and as the dominant broker-channel competitor for independent originators.

Regional players

• Paramount Equity (Paramount Residential Mortgage Group): Western US-focused mortgage originator serving CA, OR, WA, and neighboring states. Comparable as a regional Western mortgage lender with multi-channel retail and wholesale operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/sammammtg
• LinkedInlinkedin.com/company/406863

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sammamish Mortgage