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When buying a home in the state of Washington, you have an opportunity to request a real estate survey to identify the legal boundaries. Your mortgage lender might require a survey as well, if you’re financing a home purchase. As a buyer, you’ll want to know what a real estate property survey is, what it does, and how it could protect you as a homeowner in Washington. This guide answers all of those questions and more.
VA loans are a popular mortgage financing option for home buyers in the San Diego metro area. In fact, San Diego County usually has a higher VA loan volume than any other county in the U.S. With its many Navy and Marine Corps bases and facilities, the San Diego area has a huge military population. That means there are many home buyers in the area who could benefit from using the VA loan program.
Recent reports have shown that the Denver, Colorado real estate market could be more friendly toward home buyers in 2024. Home prices have flattened out after several years of steady gains. Houses are taking longer to sell with fewer offers. And the Denver metro area was recently singled out as having the biggest increase in new real estate listings over the past year.
Will the rest of 2024 be a good time to refinance a home in the state of Washington? Can homeowners benefit from the drop in mortgage rates that occurred at the end of 2023? Those are two of the frequently asked questions we’ll be addressing in this mortgage market update for 2024.
Portland, Oregon, home buyers could enjoy a slower real estate market in 2024, with lower home prices and mortgage rates. For these and other reasons, the Portland housing market could be more buyer-friendly in 2024 compared to the past few years. Here’s an updated look at current real estate trends across the Portland-Vancouver metro area, emphasizing the above buyer-friendly conditions.
Like many parts of the country, California’s housing market has suffered from chronically low inventory levels for quite some time. Supply levels dropped further during the first few months of 2023 due to higher mortgage rates that cooled the real estate market. But in the early days of 2024, California housing market inventory levels are starting to rise again. And once again, mortgage rates play a central role. Rate reductions over the past couple of months have brought more sellers into the market, increasing inventory levels.
In 2024, home buyers in Washington could enjoy lower mortgage rates than last year (on average), along with higher loan limits for FHA and conventional loans. Those are just two of the Washington mortgage trends you should know about in 2024, if you’re planning to buy or refinance a home. So let’s take a closer look at these trends and what they might mean for borrowers in 2024.
Surveys have shown there are many myths, misconceptions and misunderstandings surrounding VA loans. Some people who are well-qualified for the VA loan program, and could benefit from it, might be reluctant to apply due to misinformation. As a Washington-based mortgage company that specializes in VA loans, we do our best to educate military members and veterans about their mortgage-related benefits. So today, we will “debunk” seven of the most common myths relating to VA loans in the state of Washington.
What’s the average VA loan amount in the state of Washington? How many VA loans are processed and closed in Washington each year, and how does that compare to the rest of the nation? These are just a few of the questions we can answer by reviewing a recent VA loan usage report published by the U.S. Department of Veterans Affairs, summarizing the previous 12 months.
A recent housing market forecast published by Realtor.com suggested that California could have several of the hottest real estate markets in 2024. Southern California, in particular, is expected to see significant growth in 2024 in terms of home prices and sales. Here’s a look at the hottest California real estate markets of 2024 based on industry analysts’ latest data and projections
Will 2024 be a good time to buy a home in the state of Oregon? As a mortgage company that serves the entire Pacific Northwest, we do our best to educate home buyers on current real estate market conditions across the region. Today, we set our sights on Oregon.
In this report: a review of recent mortgage rate trends at the end of 2023 and how they could help reduce Seattle housing costs in 2024.
As we approach the end of 2023, we thought it would be helpful to take a look back at how the Seattle-area real estate market has changed over the past year. No one can predict future real estate trends with complete accuracy. But hindsight has a way of helping us prepare for the future and make more informed decisions. With that in mind, here is our 2023 year in review for the Seattle housing market.
Housing market inventory across the state of Washington is expected to remain tight in 2024, as it has been for several years now. One forecast predicted that we would see a decline in the number of homes for sale next year. Because of this, home buyers in WA State should explore all avenues for finding a property. And one of those avenues involves buying a for sale by owner or FSBO property.
Federal housing officials recently announced that they would be increasing the conforming loan limits in 2024 for most counties across the U.S. Here in the Seattle metro area, the 2024 conforming loan limit will be set at $977,500 for 2024. Home buyers in Seattle who need to borrow more than this limit can do so as long as they have the income to support it. When you borrow more than the conforming loan limit for your particular county, it’s considered a “jumbo” loan.
In 2023, higher mortgage rates cooled the real estate market in Washington and elsewhere across the country. But home loan rates have been trending downward lately, and some economists expect this to continue into 2024. According to one recent forecast, lower rates could accelerate the housing market and increase home sales across Washington in 2024. Lower borrowing costs could increase buyers’ demand and bring more homes on the market.
Are you planning to buy your first home in the state of Washington sometime during 2024? Wondering what the real estate market might be like next year and how it could affect you? If so, you’re in the right place. Sammamish Mortgage created this report to bring first-time home buyers up to speed on current market trends across the state of Washington so you can enter the market more prepared.
The Spokane, WA housing market in 2024 anticipates modest growth, with a steady rise in home prices and a notable increase in inventory levels. Despite the challenges of higher mortgage rates, buyers and sellers are adapting, suggesting a more balanced market. This environment promises better opportunities for homebuyers while maintaining healthy activity for sellers.
Explore the fundamental criteria for securing a VA home loan in our comprehensive guide. We delve into the key requirements including credit score, debt-to-income ratio, and documented income, providing insights to help military members and veterans navigate the loan process seamlessly. Whether you’re a first-time homebuyer or seeking to refinance, understanding these VA loan prerequisites is crucial for a successful mortgage application.
People researching the Seattle-area real estate market are often surprised by the home price discrepancy between Tacoma and Seattle. Home prices within the city of Tacoma tend to be significantly lower than those in Seattle. But why? What factors make the Tacoma real estate market so much more affordable, when compared to the city of Seattle? After all, they’re both part of the same metropolitan statistical area (MSA) and only about 30 miles apart.
Are you thinking about moving to the Boise metro area and buying a home? You’re not alone. While population growth has slowed since the pandemic boom, the Boise-area real estate market continues to lure home buyers from other parts of the country. This guide gives you a broad overview of the Boise-Nampa metropolitan area, with an emphasis on relocation and home buying. We will cover everything from geography to economy, and from real estate market trends to local attractions.
When buying a home in the state of Washington, you have an opportunity to request a real estate survey to identify the legal boundaries. Your mortgage lender might require a survey as well, if you’re financing a home purchase. As a buyer, you’ll want to know what a real estate property survey is, what it does, and how it could protect you as a homeowner in Washington. This guide answers all of those questions and more.
VA loans are a popular mortgage financing option for home buyers in the San Diego metro area. In fact, San Diego County usually has a higher VA loan volume than any other county in the U.S. With its many Navy and Marine Corps bases and facilities, the San Diego area has a huge military population. That means there are many home buyers in the area who could benefit from using the VA loan program.
Seattle-area home buyers often want to know how different cities and communities compare with each other, in terms of home prices. Today we address one of those common questions: Is Bellevue cheaper than Seattle, from a real estate perspective?
Seattle, Washington has experienced a luxury condo boom in recent years, with a number of new projects coming onto the market. This trend is reshaping the downtown Seattle real estate market in a number of ways. This guide provides an overview of the luxury condo market in downtown Seattle and the surrounding area, as of 2024. It covers popular condominiums, current trends related to features and amenities, and other factors relevant to home buyers.
Recent reports have shown that the Denver, Colorado real estate market could be more friendly toward home buyers in 2024. Home prices have flattened out after several years of steady gains. Houses are taking longer to sell with fewer offers. And the Denver metro area was recently singled out as having the biggest increase in new real estate listings over the past year.
Before paying hundreds of thousands of dollars for a home in Seattle, you want to make sure the neighborhood is a good fit for your lifestyle. This is arguably just as important as the house itself. So let’s explore the most popular neighborhoods in Seattle, from a home buying perspective.
We’ve published many Seattle real estate market reports over the years, and most were geared toward home buyers. Today, we’ll offer some helpful insights for tech employees who are planning to relocate to Seattle in 2024.
In this guide: An explanation of “Mello-Roos” taxes in California and how they can affect home buyers, including the pros and cons of buying in such a district.
Will the rest of 2024 be a good time to refinance a home in the state of Washington? Can homeowners benefit from the drop in mortgage rates that occurred at the end of 2023? Those are two of the frequently asked questions we’ll be addressing in this mortgage market update for 2024.
As a Seattle-area mortgage company, we do our best to educate local home buyers about their different mortgage options. To continue that tradition, we’ve created an FHA loan fact sheet for borrowers in the state of Washington.
Portland, Oregon, home buyers could enjoy a slower real estate market in 2024, with lower home prices and mortgage rates. For these and other reasons, the Portland housing market could be more buyer-friendly in 2024 compared to the past few years. Here’s an updated look at current real estate trends across the Portland-Vancouver metro area, emphasizing the above buyer-friendly conditions.
Like many parts of the country, California’s housing market has suffered from chronically low inventory levels for quite some time. Supply levels dropped further during the first few months of 2023 due to higher mortgage rates that cooled the real estate market. But in the early days of 2024, California housing market inventory levels are starting to rise again. And once again, mortgage rates play a central role. Rate reductions over the past couple of months have brought more sellers into the market, increasing inventory levels.
In 2024, home buyers in Washington could enjoy lower mortgage rates than last year (on average), along with higher loan limits for FHA and conventional loans. Those are just two of the Washington mortgage trends you should know about in 2024, if you’re planning to buy or refinance a home. So let’s take a closer look at these trends and what they might mean for borrowers in 2024.
Surveys have shown there are many myths, misconceptions and misunderstandings surrounding VA loans. Some people who are well-qualified for the VA loan program, and could benefit from it, might be reluctant to apply due to misinformation. As a Washington-based mortgage company that specializes in VA loans, we do our best to educate military members and veterans about their mortgage-related benefits. So today, we will “debunk” seven of the most common myths relating to VA loans in the state of Washington.
What’s the average VA loan amount in the state of Washington? How many VA loans are processed and closed in Washington each year, and how does that compare to the rest of the nation? These are just a few of the questions we can answer by reviewing a recent VA loan usage report published by the U.S. Department of Veterans Affairs, summarizing the previous 12 months.
Explore the fundamental criteria for securing a VA home loan in our comprehensive guide. We delve into the key requirements including credit score, debt-to-income ratio, and documented income, providing insights to help military members and veterans navigate the loan process seamlessly. Whether you’re a first-time homebuyer or seeking to refinance, understanding these VA loan prerequisites is crucial for a successful mortgage application.
People researching the Seattle-area real estate market are often surprised by the home price discrepancy between Tacoma and Seattle. Home prices within the city of Tacoma tend to be significantly lower than those in Seattle. But why? What factors make the Tacoma real estate market so much more affordable, when compared to the city of Seattle? After all, they’re both part of the same metropolitan statistical area (MSA) and only about 30 miles apart.
Are you thinking about moving to the Boise metro area and buying a home? You’re not alone. While population growth has slowed since the pandemic boom, the Boise-area real estate market continues to lure home buyers from other parts of the country. This guide gives you a broad overview of the Boise-Nampa metropolitan area, with an emphasis on relocation and home buying. We will cover everything from geography to economy, and from real estate market trends to local attractions.
When buying a home in the state of Washington, you have an opportunity to request a real estate survey to identify the legal boundaries. Your mortgage lender might require a survey as well, if you’re financing a home purchase. As a buyer, you’ll want to know what a real estate property survey is, what it does, and how it could protect you as a homeowner in Washington. This guide answers all of those questions and more.
VA loans are a popular mortgage financing option for home buyers in the San Diego metro area. In fact, San Diego County usually has a higher VA loan volume than any other county in the U.S. With its many Navy and Marine Corps bases and facilities, the San Diego area has a huge military population. That means there are many home buyers in the area who could benefit from using the VA loan program.
Seattle-area home buyers often want to know how different cities and communities compare with each other, in terms of home prices. Today we address one of those common questions: Is Bellevue cheaper than Seattle, from a real estate perspective?
Seattle, Washington has experienced a luxury condo boom in recent years, with a number of new projects coming onto the market. This trend is reshaping the downtown Seattle real estate market in a number of ways. This guide provides an overview of the luxury condo market in downtown Seattle and the surrounding area, as of 2024. It covers popular condominiums, current trends related to features and amenities, and other factors relevant to home buyers.
Recent reports have shown that the Denver, Colorado real estate market could be more friendly toward home buyers in 2024. Home prices have flattened out after several years of steady gains. Houses are taking longer to sell with fewer offers. And the Denver metro area was recently singled out as having the biggest increase in new real estate listings over the past year.
Before paying hundreds of thousands of dollars for a home in Seattle, you want to make sure the neighborhood is a good fit for your lifestyle. This is arguably just as important as the house itself. So let’s explore the most popular neighborhoods in Seattle, from a home buying perspective.
We’ve published many Seattle real estate market reports over the years, and most were geared toward home buyers. Today, we’ll offer some helpful insights for tech employees who are planning to relocate to Seattle in 2024.
In this guide: An explanation of “Mello-Roos” taxes in California and how they can affect home buyers, including the pros and cons of buying in such a district.
Will the rest of 2024 be a good time to refinance a home in the state of Washington? Can homeowners benefit from the drop in mortgage rates that occurred at the end of 2023? Those are two of the frequently asked questions we’ll be addressing in this mortgage market update for 2024.
As a Seattle-area mortgage company, we do our best to educate local home buyers about their different mortgage options. To continue that tradition, we’ve created an FHA loan fact sheet for borrowers in the state of Washington.
Portland, Oregon, home buyers could enjoy a slower real estate market in 2024, with lower home prices and mortgage rates. For these and other reasons, the Portland housing market could be more buyer-friendly in 2024 compared to the past few years. Here’s an updated look at current real estate trends across the Portland-Vancouver metro area, emphasizing the above buyer-friendly conditions.
Like many parts of the country, California’s housing market has suffered from chronically low inventory levels for quite some time. Supply levels dropped further during the first few months of 2023 due to higher mortgage rates that cooled the real estate market. But in the early days of 2024, California housing market inventory levels are starting to rise again. And once again, mortgage rates play a central role. Rate reductions over the past couple of months have brought more sellers into the market, increasing inventory levels.
In 2024, home buyers in Washington could enjoy lower mortgage rates than last year (on average), along with higher loan limits for FHA and conventional loans. Those are just two of the Washington mortgage trends you should know about in 2024, if you’re planning to buy or refinance a home. So let’s take a closer look at these trends and what they might mean for borrowers in 2024.
Surveys have shown there are many myths, misconceptions and misunderstandings surrounding VA loans. Some people who are well-qualified for the VA loan program, and could benefit from it, might be reluctant to apply due to misinformation. As a Washington-based mortgage company that specializes in VA loans, we do our best to educate military members and veterans about their mortgage-related benefits. So today, we will “debunk” seven of the most common myths relating to VA loans in the state of Washington.
What’s the average VA loan amount in the state of Washington? How many VA loans are processed and closed in Washington each year, and how does that compare to the rest of the nation? These are just a few of the questions we can answer by reviewing a recent VA loan usage report published by the U.S. Department of Veterans Affairs, summarizing the previous 12 months.
People researching the Seattle-area real estate market are often surprised by the home price discrepancy between Tacoma and Seattle. Home prices within the city of Tacoma tend to be significantly lower than those in Seattle. But why? What factors make the Tacoma real estate market so much more affordable, when compared to the city of Seattle? After all, they’re both part of the same metropolitan statistical area (MSA) and only about 30 miles apart.
Are you thinking about moving to the Boise metro area and buying a home? You’re not alone. While population growth has slowed since the pandemic boom, the Boise-area real estate market continues to lure home buyers from other parts of the country. This guide gives you a broad overview of the Boise-Nampa metropolitan area, with an emphasis on relocation and home buying. We will cover everything from geography to economy, and from real estate market trends to local attractions.
We’ve published many Seattle real estate market reports over the years, and most were geared toward home buyers. Today, we’ll offer some helpful insights for tech employees who are planning to relocate to Seattle in 2024.
Like many parts of the country, California’s housing market has suffered from chronically low inventory levels for quite some time. Supply levels dropped further during the first few months of 2023 due to higher mortgage rates that cooled the real estate market. But in the early days of 2024, California housing market inventory levels are starting to rise again. And once again, mortgage rates play a central role. Rate reductions over the past couple of months have brought more sellers into the market, increasing inventory levels.
In 2024, home buyers in Washington could enjoy lower mortgage rates than last year (on average), along with higher loan limits for FHA and conventional loans. Those are just two of the Washington mortgage trends you should know about in 2024, if you’re planning to buy or refinance a home. So let’s take a closer look at these trends and what they might mean for borrowers in 2024.
A recent housing market forecast published by Realtor.com suggested that California could have several of the hottest real estate markets in 2024. Southern California, in particular, is expected to see significant growth in 2024 in terms of home prices and sales. Here’s a look at the hottest California real estate markets of 2024 based on industry analysts’ latest data and projections
In this report: a review of recent mortgage rate trends at the end of 2023 and how they could help reduce Seattle housing costs in 2024.
As we approach the end of 2023, we thought it would be helpful to take a look back at how the Seattle-area real estate market has changed over the past year. No one can predict future real estate trends with complete accuracy. But hindsight has a way of helping us prepare for the future and make more informed decisions. With that in mind, here is our 2023 year in review for the Seattle housing market.
Housing market inventory across the state of Washington is expected to remain tight in 2024, as it has been for several years now. One forecast predicted that we would see a decline in the number of homes for sale next year. Because of this, home buyers in WA State should explore all avenues for finding a property. And one of those avenues involves buying a for sale by owner or FSBO property.
Federal housing officials recently announced that they would be increasing the conforming loan limits in 2024 for most counties across the U.S. Here in the Seattle metro area, the 2024 conforming loan limit will be set at $977,500 for 2024. Home buyers in Seattle who need to borrow more than this limit can do so as long as they have the income to support it. When you borrow more than the conforming loan limit for your particular county, it’s considered a “jumbo” loan.
Military members and veterans in Washington often use VA loans when buying a home. This popular mortgage program allows borrowers to finance 100% of the purchase price, avoiding the down payment altogether. Like all government-backed mortgage programs, VA loans have specific requirements when it comes to documentation. Some document requirements come from lenders, while the Department of Veterans Affairs imposes others.
In 2023, higher mortgage rates cooled the real estate market in Washington and elsewhere across the country. But home loan rates have been trending downward lately, and some economists expect this to continue into 2024. According to one recent forecast, lower rates could accelerate the housing market and increase home sales across Washington in 2024. Lower borrowing costs could increase buyers’ demand and bring more homes on the market.
The Spokane, WA housing market in 2024 anticipates modest growth, with a steady rise in home prices and a notable increase in inventory levels. Despite the challenges of higher mortgage rates, buyers and sellers are adapting, suggesting a more balanced market. This environment promises better opportunities for homebuyers while maintaining healthy activity for sellers.
According to a Seattle Times report published earlier this year, there were more accessory dwelling units (ADUs) built in 2022 than detached single-family homes. That was the first time in Seattle’s history that ADUs outpaced single-home construction, underscoring the rising popularity of “granny flats” and other accessory dwelling units. The surge in ADU construction in Seattle partly stems from regulatory overhaul. In short, the city has made getting accessory dwelling units approved easier and faster to help ease the ongoing housing shortage.
People tend to have many questions about the home appraisal process in Washington, and we’ve addressed some of them in the past. In this article, we’ll review the average cost of an appraisal in Washington, factors influencing the cost, and scenarios where an appraisal might either be required or warranted.
A recent report showed that the San Diego real estate market experienced the most significant annual increase in home prices over the past year. It also experienced significant inventory declines during that same timeframe. But what does this mean for homebuyers in 2024? What’s the general outlook and forecast for the San Diego real estate market extending into 2024?
The Seattle metro area housing market seems to have undergone yet another shift over the past few months. After cooling down during much of last year, the local real estate scene has been warming up again lately. The latest evidence can be found in a new report published by analysts at Realtor.com. It showed an ongoing decline in real estate listings with a price reduction. This suggests that Seattle-area sellers are less inclined to reduce their asking prices compared to a year ago.
Mortgage rates have risen recently, and Seattle home prices have also increased. So now more than ever, Seattle-area home buyers need to be budget-minded and market-savvy. Undoubtedly, higher housing costs make it harder for many people to buy a home. But “hard” does not always mean impossible. You can do several things to save money when buying a home in the Seattle area.
Explore the fundamental criteria for securing a VA home loan in our comprehensive guide. We delve into the key requirements including credit score, debt-to-income ratio, and documented income, providing insights to help military members and veterans navigate the loan process seamlessly. Whether you’re a first-time homebuyer or seeking to refinance, understanding these VA loan prerequisites is crucial for a successful mortgage application.
VA loans are a popular mortgage financing option for home buyers in the San Diego metro area. In fact, San Diego County usually has a higher VA loan volume than any other county in the U.S. With its many Navy and Marine Corps bases and facilities, the San Diego area has a huge military population. That means there are many home buyers in the area who could benefit from using the VA loan program.
VA loans are a popular mortgage option among military members and veterans in the state of Washington. Our state has a relatively large number of active-duty military, National Guard, reservists, and veterans. So, there are a lot of people who can benefit from this program. VA loans also tend to generate a lot of questions among borrowers, especially when it comes to the maximum amount they can borrow. Today, we will address one of these frequently asked questions: What’s the most I can borrow with a VA loan in Washington?
At times, the Seattle metro area can be one of the most competitive real estate markets in the country. Demand from home buyers frequently exceeds the available supply, forcing buyers to compete for limited inventory. This is why it’s so important to make a strong offer on a house when buying in the Seattle area. Making mistakes during the offer stage could result in the house slipping through your fingers or going to another buyer. That’s the last thing you want. So let’s talk about how to do things right.
Mortgage rates have declined a bit since hitting a 20-year peak back in November 2022. And a recent forecast suggested they might have further to fall, throughout the rest of 2023. Such a trend could help increase affordability for home buyers across the state of Washington. Here’s an analysis of the latest mortgage rate trends and forecasts, and what they might mean for Washington home buyers in 2023.
Today, we will drill down on what is arguably the biggest benefit of VA home loans.This program allows eligible borrowers to buy a house in Washington with no down payment whatsoever, thereby removing one of the biggest hurdles to homeownership
We’ve written about VA loans many times in the past. Along the way, we have touched on some of the benefits this program has to offer for home buyers in Washington. Today, we will take that a step further by compiling all of those benefits onto one page. So, without further ado, here are the five biggest benefits of using a VA loan when buying a house in Washington.
It’s a hot seller’s market right now and has been for quite some time. Buyer demand continues to be very strong, which has helped keep home prices soaring in many centers throughout Washington, Oregon, Idaho, and Colorado.
There are several legal tips you should keep in mind when navigating homeownership.
If you are ready to buy a home in the PNW, you need a home loan that fits your specific needs as a borrower. The best mortgage lender can help walk you through the process.
You’ve found the home of your dreams and successfully closed on a deal! Now the heavy lifting starts – literally. But as soon as you’ve moved your belongings in, there are a few things you should do soon after, which we will discuss in this article.
Looking to buy a home? Find out what you need to know about conventional home loans in Colorado. Check out our loan limits tool.
Recasting or making a lump sum payment on your mortgage loan has its advantages and disadvantages. But there are certain instances where making a lump sum payment on your mortgage just makes sense.
Knowing how much your home is worth is important, even if you don’t plan to sell any time soon. Here are some tips to help you determine how much your home is worth in today’s market.
If you are ready to buy a home in Redmond, WA, you need a home loan that fits your specific needs as a borrower. A Redmond mortgage lender can help walk you through the process.
If you are in need of hiring an expert to repair, replace, or install something in your home in WA, OR, CO, or ID, choosing the right expert is important. This article will offer some tips on choosing the right people to bring into your home.
Wondering if you can still purchase a home in the current market? Well, you can. Here are several ways to go from homebuyer to homeowner.
Are you dealing with condo damage caused by HOA-hired contractors? Then make sure you know what to do next. Whether it is roof-related damage or something else, you need to know what your HOA agreement says and be prepared to file a claim.
Explore the fundamental criteria for securing a VA home loan in our comprehensive guide. We delve into the key requirements including credit score, debt-to-income ratio, and documented income, providing insights to help military members and veterans navigate the loan process seamlessly. Whether you’re a first-time homebuyer or seeking to refinance, understanding these VA loan prerequisites is crucial for a successful mortgage application.
People researching the Seattle-area real estate market are often surprised by the home price discrepancy between Tacoma and Seattle. Home prices within the city of Tacoma tend to be significantly lower than those in Seattle. But why? What factors make the Tacoma real estate market so much more affordable, when compared to the city of Seattle? After all, they’re both part of the same metropolitan statistical area (MSA) and only about 30 miles apart.
Are you thinking about moving to the Boise metro area and buying a home? You’re not alone. While population growth has slowed since the pandemic boom, the Boise-area real estate market continues to lure home buyers from other parts of the country. This guide gives you a broad overview of the Boise-Nampa metropolitan area, with an emphasis on relocation and home buying. We will cover everything from geography to economy, and from real estate market trends to local attractions.
When buying a home in the state of Washington, you have an opportunity to request a real estate survey to identify the legal boundaries. Your mortgage lender might require a survey as well, if you’re financing a home purchase. As a buyer, you’ll want to know what a real estate property survey is, what it does, and how it could protect you as a homeowner in Washington. This guide answers all of those questions and more.
VA loans are a popular mortgage financing option for home buyers in the San Diego metro area. In fact, San Diego County usually has a higher VA loan volume than any other county in the U.S. With its many Navy and Marine Corps bases and facilities, the San Diego area has a huge military population. That means there are many home buyers in the area who could benefit from using the VA loan program.
Seattle-area home buyers often want to know how different cities and communities compare with each other, in terms of home prices. Today we address one of those common questions: Is Bellevue cheaper than Seattle, from a real estate perspective?
Seattle, Washington has experienced a luxury condo boom in recent years, with a number of new projects coming onto the market. This trend is reshaping the downtown Seattle real estate market in a number of ways. This guide provides an overview of the luxury condo market in downtown Seattle and the surrounding area, as of 2024. It covers popular condominiums, current trends related to features and amenities, and other factors relevant to home buyers.
Recent reports have shown that the Denver, Colorado real estate market could be more friendly toward home buyers in 2024. Home prices have flattened out after several years of steady gains. Houses are taking longer to sell with fewer offers. And the Denver metro area was recently singled out as having the biggest increase in new real estate listings over the past year.
Before paying hundreds of thousands of dollars for a home in Seattle, you want to make sure the neighborhood is a good fit for your lifestyle. This is arguably just as important as the house itself. So let’s explore the most popular neighborhoods in Seattle, from a home buying perspective.
We’ve published many Seattle real estate market reports over the years, and most were geared toward home buyers. Today, we’ll offer some helpful insights for tech employees who are planning to relocate to Seattle in 2024.
In this guide: An explanation of “Mello-Roos” taxes in California and how they can affect home buyers, including the pros and cons of buying in such a district.
Will the rest of 2024 be a good time to refinance a home in the state of Washington? Can homeowners benefit from the drop in mortgage rates that occurred at the end of 2023? Those are two of the frequently asked questions we’ll be addressing in this mortgage market update for 2024.
As a Seattle-area mortgage company, we do our best to educate local home buyers about their different mortgage options. To continue that tradition, we’ve created an FHA loan fact sheet for borrowers in the state of Washington.
Portland, Oregon, home buyers could enjoy a slower real estate market in 2024, with lower home prices and mortgage rates. For these and other reasons, the Portland housing market could be more buyer-friendly in 2024 compared to the past few years. Here’s an updated look at current real estate trends across the Portland-Vancouver metro area, emphasizing the above buyer-friendly conditions.
Like many parts of the country, California’s housing market has suffered from chronically low inventory levels for quite some time. Supply levels dropped further during the first few months of 2023 due to higher mortgage rates that cooled the real estate market. But in the early days of 2024, California housing market inventory levels are starting to rise again. And once again, mortgage rates play a central role. Rate reductions over the past couple of months have brought more sellers into the market, increasing inventory levels.
In 2024, home buyers in Washington could enjoy lower mortgage rates than last year (on average), along with higher loan limits for FHA and conventional loans. Those are just two of the Washington mortgage trends you should know about in 2024, if you’re planning to buy or refinance a home. So let’s take a closer look at these trends and what they might mean for borrowers in 2024.
Surveys have shown there are many myths, misconceptions and misunderstandings surrounding VA loans. Some people who are well-qualified for the VA loan program, and could benefit from it, might be reluctant to apply due to misinformation. As a Washington-based mortgage company that specializes in VA loans, we do our best to educate military members and veterans about their mortgage-related benefits. So today, we will “debunk” seven of the most common myths relating to VA loans in the state of Washington.
What’s the average VA loan amount in the state of Washington? How many VA loans are processed and closed in Washington each year, and how does that compare to the rest of the nation? These are just a few of the questions we can answer by reviewing a recent VA loan usage report published by the U.S. Department of Veterans Affairs, summarizing the previous 12 months.
Recent reports have shown that the Denver, Colorado real estate market could be more friendly toward home buyers in 2024. Home prices have flattened out after several years of steady gains. Houses are taking longer to sell with fewer offers. And the Denver metro area was recently singled out as having the biggest increase in new real estate listings over the past year.
As a Seattle-area mortgage company, we do our best to educate local home buyers about their different mortgage options. To continue that tradition, we’ve created an FHA loan fact sheet for borrowers in the state of Washington.
In 2024, home buyers in Washington could enjoy lower mortgage rates than last year (on average), along with higher loan limits for FHA and conventional loans. Those are just two of the Washington mortgage trends you should know about in 2024, if you’re planning to buy or refinance a home. So let’s take a closer look at these trends and what they might mean for borrowers in 2024.
A recent housing market forecast published by Realtor.com suggested that California could have several of the hottest real estate markets in 2024. Southern California, in particular, is expected to see significant growth in 2024 in terms of home prices and sales. Here’s a look at the hottest California real estate markets of 2024 based on industry analysts’ latest data and projections
Will 2024 be a good time to buy a home in the state of Oregon? As a mortgage company that serves the entire Pacific Northwest, we do our best to educate home buyers on current real estate market conditions across the region. Today, we set our sights on Oregon.
In this report: a review of recent mortgage rate trends at the end of 2023 and how they could help reduce Seattle housing costs in 2024.
As we approach the end of 2023, we thought it would be helpful to take a look back at how the Seattle-area real estate market has changed over the past year. No one can predict future real estate trends with complete accuracy. But hindsight has a way of helping us prepare for the future and make more informed decisions. With that in mind, here is our 2023 year in review for the Seattle housing market.
Housing market inventory across the state of Washington is expected to remain tight in 2024, as it has been for several years now. One forecast predicted that we would see a decline in the number of homes for sale next year. Because of this, home buyers in WA State should explore all avenues for finding a property. And one of those avenues involves buying a for sale by owner or FSBO property.
In 2023, higher mortgage rates cooled the real estate market in Washington and elsewhere across the country. But home loan rates have been trending downward lately, and some economists expect this to continue into 2024. According to one recent forecast, lower rates could accelerate the housing market and increase home sales across Washington in 2024. Lower borrowing costs could increase buyers’ demand and bring more homes on the market.
Are you planning to buy your first home in the state of Washington sometime during 2024? Wondering what the real estate market might be like next year and how it could affect you? If so, you’re in the right place. Sammamish Mortgage created this report to bring first-time home buyers up to speed on current market trends across the state of Washington so you can enter the market more prepared.
The Spokane, WA housing market in 2024 anticipates modest growth, with a steady rise in home prices and a notable increase in inventory levels. Despite the challenges of higher mortgage rates, buyers and sellers are adapting, suggesting a more balanced market. This environment promises better opportunities for homebuyers while maintaining healthy activity for sellers.
Home buyers in the Seattle area might be tired of hearing about tight inventory conditions and other challenges. It can be wearying. But if you’re planning to enter the Seattle real estate market in 2024, you’ll want to have a clear understanding of current market conditions. Here’s an update on the housing inventory situation in Seattle and what it might mean for homebuyers in 2024.
There are several critical stages along the path to VA loan approval and closing. Mortgage underwriting is one of these critical stages. In this guide, we will walk through the different steps in the VA loan underwriting process and explain what borrowers can do to help keep that process on track.
People tend to have many questions about the home appraisal process in Washington, and we’ve addressed some of them in the past. In this article, we’ll review the average cost of an appraisal in Washington, factors influencing the cost, and scenarios where an appraisal might either be required or warranted.
VA loans are a popular mortgage option among military members and veterans in the state of Washington. Our state has a relatively large number of active-duty military, National Guard, reservists, and veterans. So, there are a lot of people who can benefit from this program. VA loans also tend to generate a lot of questions among borrowers, especially when it comes to the maximum amount they can borrow. Today, we will address one of these frequently asked questions: What’s the most I can borrow with a VA loan in Washington?
A recent report showed that the San Diego real estate market experienced the most significant annual increase in home prices over the past year. It also experienced significant inventory declines during that same timeframe. But what does this mean for homebuyers in 2024? What’s the general outlook and forecast for the San Diego real estate market extending into 2024?
If you’re going to use a mortgage loan to buy a home in the state of Washington, you’ll probably experience the home appraisal process firsthand. In this article, we will explain the interconnected relationship between home appraisals, comparable sales, and market values. More importantly, you’ll learn how these things can influence the amount of money you’re able to borrow when buying a home.
The Seattle metro area housing market seems to have undergone yet another shift over the past few months. After cooling down during much of last year, the local real estate scene has been warming up again lately. The latest evidence can be found in a new report published by analysts at Realtor.com. It showed an ongoing decline in real estate listings with a price reduction. This suggests that Seattle-area sellers are less inclined to reduce their asking prices compared to a year ago.
People researching the Seattle-area real estate market are often surprised by the home price discrepancy between Tacoma and Seattle. Home prices within the city of Tacoma tend to be significantly lower than those in Seattle. But why? What factors make the Tacoma real estate market so much more affordable, when compared to the city of Seattle? After all, they’re both part of the same metropolitan statistical area (MSA) and only about 30 miles apart.
VA loans are a popular mortgage financing option for home buyers in the San Diego metro area. In fact, San Diego County usually has a higher VA loan volume than any other county in the U.S. With its many Navy and Marine Corps bases and facilities, the San Diego area has a huge military population. That means there are many home buyers in the area who could benefit from using the VA loan program.
Before paying hundreds of thousands of dollars for a home in Seattle, you want to make sure the neighborhood is a good fit for your lifestyle. This is arguably just as important as the house itself. So let’s explore the most popular neighborhoods in Seattle, from a home buying perspective.
Like many parts of the country, California’s housing market has suffered from chronically low inventory levels for quite some time. Supply levels dropped further during the first few months of 2023 due to higher mortgage rates that cooled the real estate market. But in the early days of 2024, California housing market inventory levels are starting to rise again. And once again, mortgage rates play a central role. Rate reductions over the past couple of months have brought more sellers into the market, increasing inventory levels.
Surveys have shown there are many myths, misconceptions and misunderstandings surrounding VA loans. Some people who are well-qualified for the VA loan program, and could benefit from it, might be reluctant to apply due to misinformation. As a Washington-based mortgage company that specializes in VA loans, we do our best to educate military members and veterans about their mortgage-related benefits. So today, we will “debunk” seven of the most common myths relating to VA loans in the state of Washington.
Will 2024 be a good time to buy a home in the state of Oregon? As a mortgage company that serves the entire Pacific Northwest, we do our best to educate home buyers on current real estate market conditions across the region. Today, we set our sights on Oregon.
In 2023, higher mortgage rates cooled the real estate market in Washington and elsewhere across the country. But home loan rates have been trending downward lately, and some economists expect this to continue into 2024. According to one recent forecast, lower rates could accelerate the housing market and increase home sales across Washington in 2024. Lower borrowing costs could increase buyers’ demand and bring more homes on the market.
Are you planning to buy your first home in the state of Washington sometime during 2024? Wondering what the real estate market might be like next year and how it could affect you? If so, you’re in the right place. Sammamish Mortgage created this report to bring first-time home buyers up to speed on current market trends across the state of Washington so you can enter the market more prepared.
If you buy a home in the state of Washington using an FHA loan, you will most likely be required to sign an FHA amendatory clause. The seller will have to sign it as well. This clause is sometimes written directly into the purchase agreement or real estate contract. Other times, it might be attached as an addendum to the contract. But in either case, it serves the same purpose.
Home buyers in the Seattle area might be tired of hearing about tight inventory conditions and other challenges. It can be wearying. But if you’re planning to enter the Seattle real estate market in 2024, you’ll want to have a clear understanding of current market conditions. Here’s an update on the housing inventory situation in Seattle and what it might mean for homebuyers in 2024.
There are several critical stages along the path to VA loan approval and closing. Mortgage underwriting is one of these critical stages. In this guide, we will walk through the different steps in the VA loan underwriting process and explain what borrowers can do to help keep that process on track.
VA loans are a popular mortgage option among military members and veterans in the state of Washington. Our state has a relatively large number of active-duty military, National Guard, reservists, and veterans. So, there are a lot of people who can benefit from this program. VA loans also tend to generate a lot of questions among borrowers, especially when it comes to the maximum amount they can borrow. Today, we will address one of these frequently asked questions: What’s the most I can borrow with a VA loan in Washington?
A recent report showed that the San Diego real estate market experienced the most significant annual increase in home prices over the past year. It also experienced significant inventory declines during that same timeframe. But what does this mean for homebuyers in 2024? What’s the general outlook and forecast for the San Diego real estate market extending into 2024?
What’s the general outlook and forecast for the Denver, Colorado, housing market in 2024? Will the Mile High City hit a plateau next year regarding home-price growth? Or will house prices climb again now that they’re past the post-pandemic doldrums? While it’s difficult to offer real estate market predictions with complete accuracy, the Denver-area housing market seems likely to experience steady price gains in 2024.
In California, mortgage insurance is often required when a home buyer makes a small down payment. A smaller down payment results in a higher loan-to-value ratio, which can require the borrower to pay mortgage insurance. This article is an educational resource for California home buyers and homeowners who have questions about this subject. Below, we have answered some of the most common questions relating to mortgage insurance in California, including costs, requirements, and other key topics.
The population of Idaho has increased significantly over the past few years, and with good reason. The state offers several benefits for those relocating from other parts of the country. It’s arguably one of the best places to buy a home, and here are some reasons why.
As we move into 2024, recent forecasts suggest that the Boise area real estate market could become more competitive for buyers.
Home buyers in Washington who purchase a home with a down payment below 20% are often required to obtain private mortgage insurance (PMI). PMI serves as protection for lenders in case borrowers default on their mortgage payments. It’s an industrywide standard. In most cases, PMI premiums get added onto the monthly mortgage payment, along with property taxes and homeowners insurance. So it increases the size of the monthly payments.
Whether you’re buying a home or ready to refinance, our professionals can help.
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