The Best Mortgage Lenders in Camas, WA
Compare verified mortgage lenders serving Camas, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Camas
Featured Mortgage Lenders
iQ Credit Union
iQ Credit Union
iQ Credit Union stands out as one of Southwest Washington's most trusted mortgage lenders with deep roots in the Clark County community. While headquartered in Vancouver, they actively serve Camas residents with personalized service and competitive rates. Their mortgage team specializes in first-time homebuyer programs and offers extensive educational resources. With an exceptional 4.8 rating from hundreds of reviews, they're praised for their transparent process, local decision-making, and commitment to member satisfaction. Their longevity (founded in 1940) and community-focused approach make them a top choice for Camas homebuyers.
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Academy Mortgage
Academy Mortgage Corporation - Vancouver Office
Academy Mortgage's Vancouver office has built an outstanding reputation serving the Camas and Clark County area with a 4.9 rating from nearly 200 reviews. They excel at navigating complex loan scenarios and offer a comprehensive range of mortgage products. Their local loan officers have deep knowledge of the Camas market and provide personalized guidance throughout the homebuying process. Customers consistently praise their responsiveness, attention to detail, and ability to close loans on time. As a established mortgage lender with strong local presence, they're particularly skilled with VA loans and first-time buyer programs.
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Guild Mortgage
Guild Mortgage Company - Portland/Vancouver Division
Guild Mortgage brings over six decades of mortgage expertise to the Pacific Northwest, actively serving Camas homeowners from their Portland/Vancouver division. With a strong 4.7 rating from over 400 reviews, they're renowned for their exceptional customer service and wide array of loan programs. Their local team understands the unique aspects of the Camas real estate market and provides tailored solutions for each borrower. Guild is particularly noted for their innovative technology platform that streamlines the mortgage process and their commitment to finding the right loan product for every situation, from conventional purchases to specialized renovation loans.
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Frequently Asked Questions
Common questions about mortgage lending in Camas, WA
Are there any special down payment assistance programs for first-time homebuyers in Camas, WA?
Yes, the Washington State Housing Finance Commission (WSHFC) offers several programs, like the Home Advantage and House Key Opportunity programs, which provide down payment assistance and competitive interest rates. These are available statewide, including in Camas, and can be particularly helpful given the city's higher-than-average home prices. It's also wise to check with local credit unions, like iQ Credit Union, which has a strong community presence and may offer additional guidance or products.
How does Camas's location in the Portland-Vancouver metro area affect mortgage rates and lending?
As part of the Portland-Vancouver-Hillsboro MSA, Camas borrowers typically access mortgage rates that are competitive and aligned with national averages, but with strong local lender competition. Lenders are very familiar with the area's stable market and strong school district, which can be favorable factors. However, because Clark County (WA) has no state income tax, lenders will closely scrutinize your debt-to-income ratio using your gross income, as they can't deduct state taxes from your debts.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Camas?
Clark County property taxes are a significant component, with Camas rates historically around 1.0% to 1.2% of assessed value, funding the highly-rated Camas School District. Your escrow payment will also include homeowner's insurance, which can be slightly higher than national averages due to regional risk factors like moisture and seismic activity. It's crucial to get accurate estimates for both to avoid payment shock, as they directly impact your total monthly mortgage obligation.
Are jumbo loans common in Camas, and what are the requirements?
Yes, jumbo loans are frequently needed in Camas due to home values often exceeding the conforming loan limits (for 2024, $766,550 in Clark County). Requirements are stricter, typically requiring excellent credit (often 700+), a lower debt-to-income ratio, and larger down payments (usually 10-20%). Local lenders with experience in the Camas/Washougal market are adept at structuring these loans for professionals and high-earners moving to the area.
Does Camas have any specific zoning or community considerations that could affect my mortgage?
While not directly affecting your loan approval, Camas has strict community design standards and some properties may be part of a Homeowners Association (HOA) with mandatory dues, which lenders will factor into your debt-to-income ratio. Additionally, if you're looking at properties near the Columbia River or in certain foothill areas, a lender may require additional checks for flood insurance, which is a separate, mandatory cost that must be included in your mortgage qualification.
Why Choose a Mortgage Lender in Camas?
Local Market Knowledge
Lenders who understand Camas'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 Camas and get competitive rates on your home loan.