If you’re an aspiring first-time home buyer in Oregon, you’ve probably also been thinking about various things related to this goal. If you fall into this group, and plan to buy your first home sometime this year, you’ll find this collection of first-time buyer guides helpful.
Oregon First-Time Home Buyer Guides for 2019
Over the past few weeks, we have created a series of helpful guides for folks who are planning to buy their first house in Oregon in 2019. Below, you will find a compilation of these resources. Download the Home Buyers Guide eBook Now!
Prospective home buyers in 2019 will most likely have a larger inventory of homes in the Portland area to choose from as compared with earlier years. Slower price growth is also likely to contribute to a more buyer friendly market. Learn about the specifics of the Oregon home market in this forecast.
Are you a first-time home buyer in Oregon? If so, these tips may be very useful in your search for the perfect home. Interest rates are down, while home prices are going up. These helpful suggestions may assist you in capitalizing on the current state of the Oregon market.
First-time buyers have a lot of options when it comes to choosing a home loan. This helpful guide explains some of the most popular financing options in use today, including FHA, conventional, 30-year fixed, and ARM loans.
Home buyer closing costs in the state of Oregon range from 2% to 5% of the purchase price, on average. This guide explains some of the costs you might encounter when buying your first house in 2019.
The Federal Housing Administration (FHA) loan program offers unique benefits for first-time home buyers in Oregon. That’s why it is so popular among this particular audience. This article explains the primary advantages of this program.
Get Pre-Approved Before House Hunting
First-time home buyers in Oregon can benefit from getting pre-approved for a mortgage loan. Pre-approval is when the lender reviews your financial situation to determine how much they are willing to lend you.
There are several benefits to being pre-approved.
- It helps you narrow down the market to those homes you can actually afford, based on your financing. This saves time and energy.
- Sellers will be more inclined to accept your offer, if you’ve been pre-screened by a mortgage lender.
- Real estate agents will be more willing to work with you. In fact, some Oregon real estate agents will only work with buyers who’ve been pre-approved.
The bottom line: If you’re buying your first home in Oregon in 2019, becoming pre-approved by a mortgage lender can help you in several ways. Pre-approval will make you a more competitive buyer, which is all the more important in an active real estate market.
Sammamish Mortgage has been helping first-time home buyers in Oregon, and across the Pacific Northwest, for more than 20 years. Please contact us if you would like to get pre-approved for a home loan, or if you’d like a rate quote.