At Sammamish Mortgage, we take consumer education seriously. That’s why we go above and beyond to keep home buyers and mortgage shoppers informed.
This page contains some of our most useful reports and guides for Portland, Oregon home buyers.
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Housing Market Updates for 2020
For a long time we’ve been hearing how the major housing markets in the Pacific Northwest (like Seattle and Portland) have been on fire with fierce competition and limited supply. For the most part, that’s still true. But the real estate market in Portland, Oregon is currently undergoing some changes. Home-price growth has slowed considerably over the last year or so.
Gearing up to buy your first condo in Portland, Oregon? It’s a smart move. Portland is a great city, and condominium life is a good way to experience it without the maintenance hassles of a traditional detached home. But there are some things you’ll want to know before you start shopping for your first place. Here are five tips for buying your first condo in Portland.
Seattle, Washington, and Portland, Oregon are the two biggest cities by population in the Pacific Northwest. They’re also two of the most highly competitive real estate markets in the United States. We’ll look at a comparison between the Seattle and Portland housing markets, from a cost and inventory standpoint. These are the latest trends for spring and summer 2020.
The Portland, Oregon real estate market has generated a steady stream of headlines over the last couple of years, mainly due to rapidly rising home prices in the area. But what might we expect from the Portland housing market in 2020? Here are some current trends that could shape the real estate scene next year, affecting both buyers and sellers.
Mortgage Loan Guides for Portland Home Buyers
This Portland home buyer guide explains the different types of mortgage loans that are available in 2020. It covers the key differences between fixed-rate and adjustable mortgages, FHA versus conventional, and more.
The size limit for conventional/conforming mortgage loans in the area have gone up for 2020. The revised limit for a single-family home within the metro area is $510,400. Anything above this amount would be considered a jumbo mortgage product.
If you plan to use a Federal Housing Administration (FHA) mortgage loan to buy a home in Portland, you’ll be glad to know that the FHA loan limits were increased for 2020. This applies to the entire metro area. This Portland home buyer guide contains the latest limits and other information you need to know.
The FHA loan program is one of the most popular financing options among first-time home buyers in Portland, Oregon. One of the reasons is that it allows borrowers to make a relatively low down payment of 3.5%. You can learn all about it from this helpful guide.
Need a Home Loan in the Portland Area?
Do you plan to buy a home in Portland, OR sometime soon? Do you need a mortgage loan to finance your purchase? We can help. Sammamish Mortgage has been serving borrowers in the Pacific Northwest for more than 27 years including OR, WA, CO, and ID. We offer a wide variety of loan programs, including both FHA and conventional. Please contact us with any mortgage-related questions you have.