The short answer is much less than you think - and potentially $0 out of your pocket!

 

While many people believe you need a 20% down payment to buy a home, that is a common misconception.  Most standard loan programs oly require a 3% to 5% and if you use a VA or USDA loan, the minimum requirement is 0%.

 

The path to homeownership is made even more affordable thanks to the Housing Finance Commission (WSHFC).  Through their program qualifing buyers can secure down payment assistance.  This assistance significantly reduces-and sometimes completely eliminates-the cash you need to bring to the closing table.

 

 

Pre-qualification gives an estimate of what you might afford, while pre-approval is a formal loan commitment. Both are important steps I help clients navigate to strengthen their buying position.

A strong credit score can secure better mortgage rates, saving you money over time. I guide buyers on improving credit profiles to achieve the best financing options available.

Closing costs typically range from 2% to 5% of the home price. I provide transparent estimates and support to ensure clients understand all fees involved in their purchase.

From search to closing, the process generally takes 30 to 60 days. I streamline each step to make your journey from Coast to Cascades smooth and stress-free.

Yes, many lenders offer programs suited for self-employed buyers. I connect clients with trusted mortgage professionals experienced in diverse income scenarios.

Monthly payments cover principal, interest, taxes, and insurance. I help clients understand each component to plan their budgets confidently.

A 2-1 buydown temporarily lowers your interest rate for the first two years, making initial payments more affordable. I explain how this can benefit buyers in our local market.

Typically, the seller or lender may cover buydown costs as part of negotiations. I advocate for clients to secure the best possible terms tailored to their needs.