Spokane Mortgage Broker
Find a Spokane, Washington (WA) mortgage broker. We have access to several Spokane mortgage lenders who are competing for your business. Let us do the shopping for you.
Spokane, Washington is home to the Gonzaga University Bulldogs and 195,629 residents. Spokane is located on the eastern border of Washington. Residents enjoy the many outdoor activities the town has to offer – hiking, fishing, camping, skiing and many others. The housing market has been very healthy in recent years as sellers have had little trouble finding buyers. The median house value is $97,000.
Washington Loan Facts
- Community Property State - Since Washington is a community property state, you must include the liabilities of both the husband and the wife when calculating debt-to-income ratios for a Washington mortgage. You can still do a loan in one name, however, you must include the liabilities of both the husband and the wife.
- Low Closing Cost State - HUD has determined certain states to be high closing cost states and others to be low closing cost states. Washington is classified as a low closing cost state due to lower than normal title fees and other closing fees.