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

Table of Contents

-Steps to purchase a home in Columbia County
-What are the government loan limits in Columbia County, WA?
-What parts of Columbia County are eligible for USDA loans?
-Do I need flood insurance?
-How do I learn about Property Taxes in Columbia County
-What is the median home price in Columbia County, WA?
-How many people live in Columbia 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 Columbia County
-How much of a loan can I qualify for, based on my income?
-Approved Condominium Projects in Columbia County

Steps to purchase a home in Columbia County

Are you interested in buying a home in Columbia 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 Columbia 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 by filling up the form at the top right of this page.
  3. Give your Loan Officer the information they need to find you a loan For a purchase loan or cash-out refinances:
    • 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. Contact our Loan officers to 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 Columbia 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 Columbia 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!

FAQ

What are the Loan Limits for Columbia 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).

What Parts of Columbia County are eligible for USDA Loans?

  • Parts of Columbia County are eligible for a USDA Rural Development home loan.
  • Eligible Zip Codes are 99328, 99359.

Do I need Flood Insurance?

The FHA, USDA, and VA all require flood insurance in Special Flood Hazard Areas.

How do I learn about Property Taxes in Columbia County?

  • Chris Mills is the Columbia county tax assessor. His office is located at 341 East Main Street Suite.6 Dayton, Washington 99328, and can be reached by calling (509) 382-2131.
  • Washington state offers about 50 tax incentives and deductions that are meant to bolster local business growth. Also, there are several tax credits programs for specific industries that meet individual requirements. Furthermore, deferral programs are also available for manufacturers, high technology businesses, and fruit & vegetable businesses.

What is the Median Home Price in Columbia County?

The median home value for Columbia County is $163,075. Also, the median household income for residents of the county is $51,111.

How many people live in Columbia County?

As of 2019, Columbia County’s population is 3,985, which includes about 462 veterans. Moreover, when it comes to demographics, 84% of the population is White, with 7% Hispanic, and 3% Mixed Race.

What are the major cities?

The county has one city and one town, with the city of Dayton serving as the county seat. Also, when it comes to politics, most of the county’s residents are Moderately conservative, having voted for the Republican candidate in the last five presidential elections.

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

You can view all of the properties available for sale in Columbia County through our Multiple Listing Service. In addition, you can see approved condos at the bottom of this page.

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

The seller must pay the 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.

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.

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.

About Columbia County

The county covers an area of about 873 square miles, with part of the county located within a broad and rolling prairie region in the middle of the Columbia Basin. The county is known for its comfortable summers, college town atmosphere, and recent strong economic growth.

Established in 1875 from parts of Walla Walla County, Columbia County was named after the Columbia River, which crosses through the state. At the same time, the town of Dayton became the county seat. The county then saw a boom in its population in 1879.

Today, the county is home to a growing economy, with the health care, retail trade, and construction industries being its highest employers. Therefore, the most common occupations for residents are office administrative support, sales, and management occupations.

When it comes to education, the county is served by one school district, the Dayton School District. This one district includes three schools and 414 students, ranging from Pre-K to 12th grade. Due to its small size, the school district enjoys a student-teacher ratio of 13:1, which allows for more specific teaching styles.

Moreover, the county is also home to part of the Umatilla National Forest, which covers an area of about 1.4 million acres. Its large size also offers several recreational opportunities like OHV riding, fishing, camping, hunting, wildlife watching, skiing, and rafting.

Furthermore, Columbia county is home to Ski Bluewood. This ski area reaches heights up to 5,670 feet above sea level and has a vertical drop of 1,125 feet.

Even though the county is small, it provides an excellent place for residents who enjoy the outdoors.  

How much of a loan 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 Columbia County

Currently, there are no approved condos in Columbia County. However, if you want to give us a call at (877) 432-5626 we can help you through the condo approval process. 

Find Your Dream Home in the County 

Easily find and finance the perfect home with FedHome Loan Centers today!

Apply today! it is a very quick and straightforward process.