The Best Mortgage Lenders in Ocean Park, WA
Compare verified mortgage lenders serving Ocean Park, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ocean Park
Featured Mortgage Lenders
Lisa Steen
Steen Mortgage
Steen Mortgage is a highly-rated local mortgage broker serving the Long Beach Peninsula including Ocean Park. With over two decades of experience, Lisa Steen and her team specialize in coastal property financing and understand the unique needs of Pacific County homeowners. They offer personalized service with competitive rates and have built an exceptional reputation for guiding clients through complex loan scenarios. Their 5.0 rating across multiple review platforms reflects consistent customer satisfaction and deep local market knowledge.
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Mike Tupper
Tupper's Home Loans powered by Guild Mortgage
Mike Tupper operates a highly successful Guild Mortgage branch in Long Beach, serving Ocean Park and the entire peninsula. With hundreds of local transactions completed, his team understands the coastal real estate market intricacies. Guild Mortgage provides extensive loan products while Mike's local presence ensures personalized service. The combination of national lending power with local expertise makes this a top choice for Ocean Park residents, evidenced by their near-perfect 4.9 rating and extensive positive reviews.
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Peninsula Mortgage Team
iServe Residential Lending
The Peninsula Mortgage Team based in Ilwaco serves the entire Long Beach Peninsula including Ocean Park with comprehensive mortgage services. As part of iServe Residential Lending, they offer competitive rates and a wide range of loan products while maintaining strong local relationships. Their team understands the specific challenges and opportunities of financing properties in coastal communities and has built a solid reputation for responsive service and successful loan closings. Their 4.8 rating reflects consistent customer satisfaction across the peninsula region.
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Frequently Asked Questions
Common questions about mortgage lending in Ocean Park, WA
Are there any special mortgage considerations for buying a home on the Long Beach Peninsula, like in Ocean Park, due to its coastal location?
Yes, properties in Ocean Park often require additional insurance considerations that can impact your mortgage. Lenders will typically require flood insurance, as much of the area is in a FEMA-designated flood zone. Additionally, wind/hazard insurance may be scrutinized due to the coastal environment, so it's wise to get insurance quotes early in the process to accurately estimate your total monthly payment.
What are typical down payment requirements for homes in Ocean Park, and are there local programs to assist with this?
While standard down payments range from 3.5% to 20%, Pacific County offers specific assistance. The **Washington State Housing Finance Commission (WSHFC)** programs are accessible here, and some local lenders may have relationships with the **Peninsula Housing Authority**. These can offer down payment assistance and favorable loan terms, particularly for first-time or low-to-moderate income buyers in the Ocean Park area.
How does the seasonal economy and tourism in Ocean Park affect mortgage qualification for local buyers?
Lenders understand the seasonal nature of tourism and fishing incomes common in Ocean Park. If your income fluctuates, you'll typically need to provide a two-year history of tax returns to show stable annual earnings. They will average your income over 24 months. Strong credit and lower debt-to-income ratios become even more crucial to demonstrate your ability to manage payments during off-season months.
Are USDA rural housing loans available for properties in Ocean Park, WA?
Absolutely. Nearly all of Pacific County, including Ocean Park, is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a major advantage for qualified buyers looking in this area, as it makes homeownership more accessible. You should confirm the specific property eligibility with your lender, but most of the peninsula outside incorporated Long Beach qualifies.
What is the timeline like for closing a mortgage on a home in Ocean Park, and are there local title considerations?
The timeline is typically 30-45 days, but it can be influenced by the local market's pace and the availability of inspectors and appraisers who service the peninsula. A key local consideration is ensuring a thorough title search, as properties in this historic area may have unique easements, covenants, or older platting issues that need to be cleared before closing. Using a local title company familiar with Pacific County records is highly recommended.
Nearby Cities
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Why Choose a Mortgage Lender in Ocean Park?
Local Market Knowledge
Lenders who understand Ocean Park'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 Ocean Park and get competitive rates on your home loan.