The Best Mortgage Lenders in Brush Prairie, WA
Compare verified mortgage lenders serving Brush Prairie, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Brush Prairie
Featured Mortgage Lenders
Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a top-rated national mortgage lender with a strong local presence in Vancouver, serving Brush Prairie residents. They are renowned for their competitive rates, efficient loan processing, and exceptional customer service. With over 15 years of experience, they offer a wide range of loan products and have consistently high ratings for their transparency and support throughout the home buying process. Their local branch in Vancouver ensures personalized service for Clark County homebuyers.
Loan Types:
New American Funding
New American Funding, LLC
New American Funding is a highly-rated mortgage lender with a dedicated branch in Vancouver that actively serves the Brush Prairie area. They are praised for their diverse loan options, including specialized programs for first-time homebuyers and minority communities. With over two decades of experience, they boast excellent customer satisfaction scores due to their responsive communication, competitive rates, and community involvement. Their local team provides tailored solutions for clients in Clark County.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a reputable lender with a long-standing presence in the Vancouver area, making them a reliable choice for Brush Prairie homebuyers. They are known for their competitive rates, fast closings, and personalized service. With nearly 30 years in the industry, they have built a strong reputation for integrity and customer care, supported by high ratings and positive reviews. Their local experts provide comprehensive guidance on various loan types, ensuring a smooth mortgage experience.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Brush Prairie, WA
Are there any special down payment assistance programs for first-time homebuyers in Brush Prairie, WA?
Yes, the Washington State Housing Finance Commission (WSHFC) offers several programs, like the Home Advantage Downpayment Assistance loan, which can be particularly helpful in Brush Prairie's competitive market. These programs often have income and purchase price limits, but they can provide significant help with down payments and closing costs for eligible buyers in Clark County.
How do property taxes in unincorporated Clark County, where Brush Prairie is located, affect my mortgage payment?
Clark County property tax rates are a key component of your monthly escrow payment. While rates can vary, the current rate for the Brush Prairie area is approximately $10-$12 per $1,000 of assessed value. It's important to budget for this, as property taxes in Washington can increase with voter-approved levies and new assessments, impacting your total monthly mortgage cost.
What is a typical down payment percentage needed to be competitive in Brush Prairie's housing market?
While 20% down is ideal to avoid private mortgage insurance (PMI), competitive offers in Brush Prairie's market often range from 5% to 10% down for conventional loans. For many buyers, utilizing FHA loans with 3.5% down is common, but a stronger down payment can make your offer more attractive to sellers in this sought-after rural-suburban area.
Are USDA rural housing loans available for homes in Brush Prairie, WA?
Yes, most of Brush Prairie is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a major advantage for the area, as it qualifies due to its rural designation despite its proximity to Vancouver and Portland. This program can be ideal for moderate-income buyers looking for a home in this specific community.
How does the lack of a city income tax in Washington impact my mortgage qualification in Brush Prairie?
Washington's no state income tax policy means your debt-to-income (DTI) ratio calculation for mortgage approval is based on your gross income without a state tax deduction. This can slightly improve your qualifying power compared to states with income taxes. However, lenders will closely scrutinize your other debts and the full housing payment, including potentially higher property taxes.
Nearby Cities
Explore mortgage lenders in cities near Brush Prairie, WA
Why Choose a Mortgage Lender in Brush Prairie?
Local Market Knowledge
Lenders who understand Brush Prairie's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Washington.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Brush Prairie and get competitive rates on your home loan.