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Pend Oreille County, Washington FHA, VA, and USDA Loan Information

Table of Contents

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

How do I purchase a home in Pend Oreille County

Are you interested in buying a home in Pend Oreille 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 Pend Oreille 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 Pend Oreille 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 Pend Oreille 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!


What are the Loan Limits for Pend Oreille 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 Pend Oreille County are eligible for USDA Loans?

  • All of Pend Oreille County is eligible for a USDA Rural Development home loan.
  • Eligible Zip Codes: 99119, 99180, 99139, 99152, 99153.

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 Pend Oreille County?

  • James W. McCroskey is the Pend Oreille county tax assessor. His office is located at 625 West 4th Street, Newport, Washington 99156, and can also be reached by calling (509) 447-4312.
  • 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 Pend Oreille County?

As of March 31st, 2020, the median home value for Pend Oreille County is $230,490. Also, the median household income for residents of the county is $48,583.

How many people live in Pend Oreille County?

As of 2019, Pend Oreille County’s population is 13,724, which includes about 1,604 veterans. Demographically speaking, 88% of the population is White, with 4% Hispanic and 4% American Indian.

What are the major cities?

The county has one city and four towns, with the city of Newport serving as the county seat. The four towns are Cusick, Ione, Metaline, and Metaline Falls.

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

You can view all of the properties available for sale in Pend Oreille 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 Pend Oreille County

Archeologists have found evidence that humans inhabited the area where the county was located about 11,000 years ago. However, by the time Europeans arrived to Washington, it was home to the Pend d’Oreilles tribe, which the county was named after. The other tribe in the area was the Kalispeis, who resisted Christian protestants who were trying to convert them to Christianity.

Today the county enjoys an attractive downtown and an educated population that is served by the county’s three public school districts. The districts offer education ranging from kindergarten to 12th grade of high school for about 1800 students annually. 

In addition to its educational institutions, the county is also home to a growing economy. Where its biggest employment industries are the health care, educational services, and construction industries. Hence, the most common occupations are in the office administration, construction, and educational instruction, & Library Occupations.

The county is not only a great place to live due to its strong economy and educational opportunities. It is also a great place to live because of its many parks and recreation areas for people who enjoy the outdoors. These places include the Pend Oreille County Park, the Equestrian Camp and Trail, and the Pend Oreille River Water Trail. These parks allow visitors to take part in activities like hiking, camping, and water rafting.

Finally, the county is the host to several annual events, including the Pend Oreille County Fair and Rodeo, which features food vendors from all over selling delicious food. Moreover, the county fair also features contests, fair park rides, and live music for the whole family to enjoy.   

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 Pend Oreille County

No FHA or VA approved condos currently exist within Pend Oreille County, Washington. However, if you contact us by calling (877) 432-5626, we can help you through the condo approval process. 

Discover a New Home in Pend Oreille County

Finding a home that meets all your needs and wants is easy with the help of FedHome Loan Centers.

Complete a quick and easy home loan application with FedHome Loan Centers today!