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Asotin County, Washington FHA, VA, and USDA Loan Information

Table of Contents

How to Buy a Home in Asotin County?
What are the government loan limits in Asotin County, WA?
What parts of Asotin county are eligible for USDA loans?
Do I need flood insurance?
How do I learn about Property Taxes in Asotin County
What is the median home price in Asotin County, WA?
How many people live in Asotin County?
What are the major cities?
How do I see FHA- and VA-Approved homes for sale?
Is there a cost to have a real estate agent represent me?
What closing costs do I need?
How can I get assistance with closing costs?
About Asotin County
How much of a loan can I qualify for, based on my income?
Approved Condominium Projects in Asotin County

How to Buy a Home in Asotin County

Are you interested in buying a home in Asotin County? This is a step by step guide to all the ins and outs of the homebuying process. For more detail about FHA loans, be sure to check out our complete guide. We also have an in-depth guide to VA loans and the USDA’s Rural Development home loan program.
For now, let’s look at the basic steps to buying a home – and what you’ll have to look out for in Asotin County.

  1. Get in touch with a loan officer – give us a call at 877-432-5626

    We can help you figure out what type of loan you might qualify for. Programs through the VA, USDA, and FHA allow you to buy a home with a small down payment – or no down payment at all. We will also check your credit and income to see how much of a loan you can qualify for. When we do this, we do a “soft pull” on your credit. This is different from an official credit inquiry and won’t hurt your credit score.

  2. Compare loan offers.

    Either call us or fill out the form on this page.

  3. Give your Loan Officer the information they need to find you a loan

    For a purchase loan or cash-out refinance:

    • Your ID
    • Previous two years of W2s
    • Most recent 30 days paystubs
    • Most recent 60 days bank statements
    • Landlord and HR/Payroll Department contact info

    For a refinance loan, you will also need information on the loan you want to refinance.


  4. Compare Loan offers

    Compare the interest rates and APRS – but keep in mind that the fixed- and adjustable-rate mortgages are apples and oranges. Use the Loan Estimate to compare the true costs of each loan, both month-to-month and over the life of the mortgage.

  5. Find a home

    Get connected with a FedHome Loan Centers Real Estate Agent. Once you meet with them to talk about your wants and needs, you can sign up for the property search feed. This will give you alerts about homes for sale in Asotin County. Now you’re ready to preview properties and start touring homes.

  6. Make an offer and negotiate the terms of the sale

  7. Get the necessary and recommended inspections

    Required Inspections:

    • Termite Inspection
    • Well or septic inspections, if applicable
    • We can help you check if your home is in one of the Asotin County flood hazard areas.

    Recommended Inspections:
    Home Inspection, Roof Inspection, Sewer Inspection

  8. Get the home appraised

    Construction loans require a construction appraisal and permit approval

  9. Lock in your interest rate

    Pro Tip: Wait until the appraisal to lock in your loan rates. If it turns out you need to make repairs, it can push the closing back. Then you run the risk of losing that rate or having to pay an extension fee.

  10. Close the deal and get packing!

    You’re ready to go!

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FAQ

What are the Government loan limits in Asotin County?

  • FHA Loan Limit $331,760 (Single family residence) / $424,800 (Duplex) / $513,450 (Triplex) / $638,100 (Fourplex)
  • USDA Loan Limit $265,400
  • VA Home Loan Limit $0 down up to $3,000,000 / 2 open VA loans at one time $510,400*(Call 877-432-5626 for details).


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What parts of Asotin County are eligible for USDA loans?

All of Asotin County is eligible for a USDA Rural Development home loan.
Eligible Zip Codes: 99401, 99402, 99403.

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Do I need flood insurance?

The FHA, USDA, and VA all require flood insurance in Special Flood Hazard Areas. In Asotin county, there are very few flood hazard areas with most of them located in areas around the Snake River which border the county to the east.

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How do I learn about Property Taxes in Asotin County?

Jenny Rynearson is the Asotin county tax assessor. Her office can be reached at 135 2nd Street, Asotin, Washington 99402. In addition, her office can also be reached by calling (509)246-2016.


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What is the median home price in Asotin County, CA?

As of June 30th, 2020, the median home value for Asotin County is $235,487. In addition, the median household income for residents of the county is $50,423..

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How many people live in Asotin County?

Currently, Asotin County’s population is 22,582 which includes a veteran population of 2,236. Moreover, demographically speaking, 89% of the population is White, with 4% Hispanic, and 3% Mixed race.

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What are the major cities?

The county has two cities, Clarkson and Asotin, with the latter one serving as the county seat. There are also five unincorporated communities within the county, Anatone, Cloverland, Jerry, Rogersburg, and Silcott.

How do I see FHA- and VA-Approved homes for sale?

You can view all of the properties available for sale in Asotin County through the Multiple Listing Service. You can also see approved condos at the bottom of this page.

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Is there a cost to have a real estate agent represent me?

The seller must pay real estate professionals’ commission, not the buyer. This means that, as a homebuyer, there is no cost to have a real estate agent represent you. In fact, it’s a good idea to get your own agent in order to have someone in your corner during the negotiation process. For more information about real estate agents, click here.

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What closing costs do I need?


For FHA loans, closing costs can end up being 3-4% of the loan amount. These costs include origination fees from the lender, any discount points purchased for a better interest rate, and pre-paid items like insurance and taxes.

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How can I get assistance with closing costs?

There are several ways to reduce the amount you have to pay at closing. One way is to get down payment assistance. The FHA’s Within Reach program provides grants to help low- and middle-income families with their down payment.
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About Asotin County

Asotin County is one of the smaller counties in Washington and has a reported population of 21,600. Its largest city is Clarkston, which has a population of 7,300 and the county seat, Asotin, features a population of only 1,250.

Needless to say, Asotin County is very rural and the southeastern county occupies an area of 636 square miles which makes it the sixth smallest county in the State of Washington. However, the territory is not quite as predictable as you might expect. While the north and central parts of the county are clearly agricultural, the southern area is very rugged and contains numerous gullies and creeks.

The Nez Perce tribe occupied this land originally. In fact, the name of the county actually derives its name from a Nez Perce word which means “place for eel”. The land was not occupied by European settlers until the 1860s. Sam Smith, a local legend, discovered the land and opened its first hotel and store. The hotel served many gold miners seeking riches in nearby Idaho.

Asotin serves as the county seat in the region. While very small, the town has a rich history and is filled with numerous recreational opportunities. It is situated along the Snake River and connects travelers to nearby Oregon and Idaho.

The warm summers and mild winters of Asotin County help bring in visitors through the town’s population remains on the smaller side. Part of the attraction is due to Hells Canyon, which is two hours away from Asotin, yet still the nearest community. Hells Canyon is a world-famous 5,500-foot-deep canyon that represents the deepest one on the North American continent. The surrounding land dedicated to Hells Canyon spans 217,00 acres.

The sightseeing opportunities are tremendous thanks to the sheer amount of mountain peaks, canyon rim-rocks, and flowing waters of the Snake River. For those that are blessed enough to live in Asotin County, they get to experience these natural wonders year-round.

Asotin, Washington also offers the annual County Fair. The rodeo is a very popular attraction among locals as well as those that live in nearby communities. Each year the theme of the fair changes, a tradition that carries back to 1942. Along with the three-day rodeo, locals are treated to tasty BBQ, entertainment, various horse shows, and other events.

The 21,600 people that comprise Asotin County live in about 9,300 households. Of those households, over 5,900 are families. 47.5 of the households contain married couples and 28 percent have children under the age of 18 living with them. Meanwhile, 36 percent are considered non-families, and 30 percent are composed of single dwellers with the median age being 43.5 years.

If you’re looking for a home in Asotin County, contact FedHome Loan Centers to be matched with a licensed real estate agent.

How much can I qualify for, based on my income?

Monthly Income Purchase Price
$2,628.90 $195,175.91
$2,832.00 $210,254.55
$3,181.50 $236,202.27
$3,612.00 $268,163.64
$3,985.50 $295,893.18
$4,361.10 $323,778.64
$4,971.90 $369,125.91
$5,761.50 $427,747.73
$6,892.20 $520,625.00
$5,199.60 $368,791.82
$5,743.80 $408,815.91
$6,249.90 $450,287.73
$6,998.10 $501,960.45
$9,776.70 $725,845.91
$5,568.00 $413,381.82
$6,574.80 $488,129.09
$7,569.60 $561,985.45
$5,141.40 $381,710.00
$6,345.30 $471,090.45
$7,639.80 $567,197.27
$8,360.10 $620,674.09
$9,260.70 $687,536.82
$10,095.30 $749,499.55
$12,165.00 $903,159.09
$13,929.60 $1,034,167.27
$17,511.00 $1,300,059.09
$18,406.80 $1,366,506.06

Purchase Price subject to credit and income evaluation. 

Approved Condos in Asotin County

There are currently no FHA- or VA- approved condos in Asotin County. Nonetheless, if you’re looking for a condo in that area, give us a call (877-432-5626) and we can help you start the condo approval process.

Find a home in Asotin County, WA

Interested in a home in Asotin County? Contact FedHome Loan Centers today! 

FedHome Loan Centers can help you find and finance your perfect home. Apply today! The application process is quick and easy!