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.
Housing Market Updates for 2017
Should I Buy a House in Portland?
If you’re not sure if buying a home is the right move for you, start with this article. It provides an updated look at the local real estate market and explains some of the preliminary steps to take. This Portland buyer’s guide is a great place to begin your research.
Portland Home-Price Trends in 2017
Home prices in the Portland area have risen steadily over the last couple of years, far outpacing the national average. As a result, prices in 2017 are higher than they’ve ever been before — and they’re still rising. This home buyer guide will bring you up to speed.
Portland One of the Hottest Markets
According to the housing analysts at Realtor.com, Portland could be one of the hottest housing markets in the U.S. during 2017. They expect home prices in the area to rise by around 6%, year over year, which is well above the national forecast.
Three Housing Market Changes in 2017
Slower home-price appreciation. Higher mortgage rates. Higher loan limits. Those are three changes Portland, Oregon home buyers will likely see in 2017. Read this informative buyer’s guide to learn more about these trends, and how they affect you.
Mortgage Loan Guides for Portland Home Buyers
Oregon Mortgage Loan Options
This Portland home buyer guide explains the different types of mortgage loans that are available in 2017. It covers the key differences between fixed-rate and adjustable mortgages, FHA versus conventional, and more.
Portland Conforming Loan Limits
The size limit for conventional / conforming mortgage loans in the area have gone up for 2017. The revised limit for a single-family home within the metro area is $424,100. Anything above this amount would be considered a jumbo mortgage product.
Portland FHA Loan Limits
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 2017. This applies to the entire metro area. This Portland home buyer guide contains the latest limits and other information you need to know.
FHA Loans for First-Time Buyers
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.