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

Table of Contents

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

Steps to buying your dream home in Pierce County

Are you interested in buying a home in Pierce 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 Pierce 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 Pierce 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 Pierce 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 Pierce County?

  • FHA Loan Limit $741,750 (Single family residence) / $949,600 (Duplex) / $1,147,800 (Triplex) / $1,426,450 (Fourplex)
  • USDA Loan Limit $630,400
  • VA Home Loan Limit $0 down up to $3,000,000 / 2 open VA loans at one time $741,750 *(Call 877-432-5626 for details).

What Parts of Pierce County are eligible for USDA Loans?

  • Most Pierce County is eligible for a USDA Rural Development home loan.
  • Eligible Zip Codes are: 98558, 98580, 98304, 98303, 98321, 98323, 98327, 98329, 98328, 98330, 98333, 98332, 98335, 98338, 98349, 98351, 98360, 98385, 98394, 98396, 98433.

Do I need Flood Insurance?

  • The FHA, USDA, and VA all require flood insurance in Special Flood Hazard Areas.
  • In Pierce County, there are flood hazard areas located around the Puyallup River and the White River. Coastal areas around the Puget Sound, Gig Harbor, and Carr Inlet are all prone to see some flooding.

How do I learn about Property Taxes in Pierce County?

  • Mike Lonergan is the Pierce county tax assessor. His office is located at 2401 South 35th Street Room 142, Tacoma, Washington 98409, and can also be reached by calling (253) 798-6111.
  • 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 Pierce County?

The median home value for Pierce County is $393,147. Also, the median household income for residents of the county is $67,868.

How many people live in Pierce County?

As of 2019, Pierce County’s population is 904,980, which has grown by about 13% within the last decade. Demographically speaking, 65% of the population is White, with 11% Hispanic and 7% Asia.

What are the major cities?

The county has eighteen cities and five towns, including the city of Tacoma, which serves as the county seat. The other seventeen cities in the county are Auburn, Bonney Lake, Buckley, DuPont, Edgewood, Fife, Fircrest, Gig Harbor, Lakewood, Milton, Orting, Pacific, Puyallup, Roy, Ruston, Summer, and University Place.

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

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

Originally the county was home to the Nisqually, Squaxin, Steilacoom, Muckleshoot, and Puyallup tribes. However, that all changed once European Americans started arriving in Washington in the early 19th century. Eventually, in 1852 the county was established and was named in honor of Franklin Pierce, the 14th President of the United States. Once the town was founded, its primary industries were mining, logging, and agriculture.

Today the county enjoys a much more diverse economy with its biggest employment industries being health care, retail trade, and manufacturing. As a result, the most common jobs for residents are in the office administration, management, and sales sectors.

Educationally speaking, the county is served by sixteen public school districts that offer pre-k to 12th-grade education for their students. In addition to public schools, the county also has several private schools like Life Christian School and Academy, and Anne Wright School. As far as higher education is concerned, the county is also served by Tacoma Community College, University of Washington-Tacoma Campus, and Pierce College- Fort Steilacoom.

In addition to its strong workforce and educational institutions, the county is home to several recreational areas. These include the Heritage Recreation Center, the Sprinkler Recreation Center, and Seeley Lake Park. Additionally, several other parks offer recreational opportunities like camping, hiking trails, and water-based activities like fishing and swimming. 

Every year the county is host to several events that strengthen the community and provide fun for the whole family. Events like the Classic Car Show, the Family Campout Event, Fantasy Lights Walk, and the Gross Out Olympics. There are several other events available within the county every year. All in all, the county’s attractive setting, arts and culture, and recreational opportunities make it a great place to call home and raise a family.           

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 Pierce County, Washington

Condo
Name
Condo ID /
Submission
AddressCountyApproval
Method
Composition
of Project
CommentsDocument
Status
Manufactured
Housing
FHA
Concentration
StatusStatus
Date
Expiration
Date
4802 & 4804 EAST MAPLE LANE**S014191 0014802 & 4804 E MAPLE LANE CIRCLE NW
GIG HARBOR, WA 98335
PIERCEHRAP2 UNIT PROJECT.

**4802 & 4804 EAST MAPLE LANE CIRCLE NORTHWEST A CONDOMINIUM
ExistsRecorded/
Uploaded
No50.00%Approved11/01/201811/01/2020
ALLENMORE RIDGE CONDOMINIUMS012069 0012313 S CEDAR ST
TACOMA, WA 98405
PIERCEHRAPALL 60 UNITS IN PROJECT.ExistsRecorded/
Uploaded
No6.66%Approved07/02/201907/02/2021
BERRYWOOD, A CONDOMINIUMS006247 0011002 9TH AVE SE
PUYALLUP, WA 98372
PIERCEHRAPALL 45 UNITS IN PROJECT.ExistsRecorded/
Uploaded
No22.22%Approved02/10/202002/10/2023
BIRCHWOOD TOWNHOMES CONDOS006253 0012749 DIAMOND LOOP
MILTON, WA 98354
PIERCEHRAPALL 12 UNITS IN THE PROJECT.ExistsRecorded/
Not Uploaded
No8.33%Approved08/06/201908/06/2021
BLUEBERRY CIRCLE CONDOMINIUMSS008336 001802 9TH AVENUE SE
PUYALLUP, WA 98372
PIERCEHRAPUNITS 1-14 = ALL 14 UNITS IN PROJECT.ExistsRecorded/
Uploaded
No7.14%Approved10/18/201810/18/2020
CANYON MEADOW ESTATES, A CONDOS010533 00116302 59TH AVENUE CT E
PUYALLUP, WA 98375
PIERCEHRAPALL 61 M/H UNITS IN SENIOR MCHP COMMUNITY.

**NOTE: LENDERS MUST ADHERE TO ALL FHA M/H FOUNDATION REQUIREMENTS PER PFGMH INCLUDING PROVIDING AN ENGINEER’S FOUNDATION CERT FOR ANY M/H UNIT.
ExistsRecorded/
Not Uploaded
Yes19.67%Approved11/09/201811/09/2020
CARRARA AT LAKELAND, A CONDOS006276 0011103 63RD ST SE
AUBURN, WA 98092
PIERCEHRAPALL 170 CONDO UNITS IN PROJECT.ExistsRecorded/
Uploaded
No25.29%Approved03/27/202003/27/2023
CHELSEA PARK, A CONDOMINIUMS010394 0019302 21ST AVENUE EAST
TACOMA, WA 98445
PIERCEHRAPALL 39 UNITS; MANUFACTURED HOME CONDO PROJECT.
*SEE COMMENTS
ENGINEER CERTIFICATION FOR M/H FOUNDATION REQUIRED FOR EACH INDIVIDUAL CASE. INSURANCE WAIVER OF ML 2011-22, GUIDE SECTION 2.1.9 INSURANCE REQUIREMENTS APPLIES TO THIS PROJECT.
ExistsRecorded/
Uploaded
Yes12.82%Approved08/19/201908/19/2021
CITY STEPS, A CONDOMINIUMS006316 0012136 YAKIMA AVE
TACOMA, WA 98405
PIERCEHRAPALL 40 UNITS WITHIN 4 BUILDINGS IN PROJECT.ExistsRecorded/
Uploaded
No2.50%Approved07/23/202007/23/2023
CLIFF STREET LOFTSS011657 0011120 CLIFF AVE
TACOMA, WA 98402
PIERCEHRAPALL 46 RESIDENTIAL UNITS IN MIXED-USE SINGLE-BLDG PROJECTExistsRecorded/
Uploaded
No4.34%Approved02/01/201902/01/2021
COUNTRY VIEW CONDOMINIUMSS007065 0011501 104TH ST E
TACOMA, WA 98445
PIERCEHRAPALL 40 UNITS IN PROJECT.ExistsRecorded/
Uploaded
No22.50%Approved12/10/201812/10/2020
CUSTER OAKS CONDOMINIUMSS007254 0018101 CUSTER RD SW
LAKEWOOD, WA 98499
PIERCEHRAPALL 27 UNITS IN THE PROJECTExistsRecorded/
Uploaded
No0.00%Approved09/11/201809/11/2020
(nearing expiration)
DEERFIELD PARKS014396 00112405 121ST ST E
PUYALLUP, WA 98374
PIERCEDELRAP7 buildings with 4 units to each building; Intersecting streets are 124th Ave E and 122nd St ENoneRecorded/
Uploaded
No10.71%Approved09/04/201909/04/2021
EMMA ESTATES, A CONDOMINIUMS007288 0015210 147TH STREET COURT EAST
TACOMA, WA 98446
PIERCEHRAPALL 43 CONDO UNITS WITHIN 6 BUILDINGS IN PROJECT.ExistsRecorded/
Uploaded
No0.00%Approved11/15/201811/15/2020
EVERGREEN RIDGE PARKS010235 00110519 196TH STREET CT E
GRAHAM, WA 98338
PIERCEHRAPALL 46 M/H UNITS IN MHCP PROJECT.
BUILT IN 1999, CONVERTED IN 2004.
***NOTE – CONDO INSURANCE WAIVER APPLIES. LENDER TO ENSURE THAT WAIVER IS CURRENT PRIOR TO CLOSING. ALL M/H REQUIREMENTS APPLY. ENGINEER’S CERT REQ’D FOR EACH M/H FOUNDATION UNIT.
ExistsRecorded/
Uploaded
Yes28.26%Approved07/01/202007/01/2023
EVERGREEN RIDGE, A CONDOMINIUMS012946 00119616 104TH AVE E
GRAHAM, WA 98338
PIERCEHRAPALL 77 UNITS IN THE PROJECT.
***LENDERS MUST ENSURE THAT CURRENT CONDO MASTER PROPERTY INSURANCE WAIVER IS ACTIVE WHEN CLOSING LOAN.
ExistsRecorded/
Uploaded
No23.37%Approved10/29/201910/29/2022
FOX LAIR CONDOMINIUMSS012034 001952 9TH CIR
FOX ISLAND, WA 98333
PIERCEHRAPALL 23 UNITS IN PROJECT.ExistsRecorded/
Uploaded
No8.69%Approved07/07/202007/07/2023
FOXTAIL FARMS TOWNHOMESS007296 0012751-2763 DIAMOND LOOP
MILTON, WA 98354
PIERCEHRAPALL 45 UNITS IN PROJECT.ExistsRecorded/
Not Uploaded
No26.66%Approved04/02/201904/02/2021
GARDEN TOWNEHOMES***S007029 0011222 7TH ST SE
PUYALLUP, WA 98372
PIERCEHRAPALL 19 UNITS WITHIN 5 BLDGS IN PROJECT.
**NOTE: HOA MUST CARRY ADEQUATE FLOOD INSURANCE FOR ALL UNITS AT ALL TIMES.
***AKA – GARDEN TOWNHOMES
ExistsRecorded/
Uploaded
No10.52%Approved05/15/202005/15/2023
GLEN OAKS, A CONDOMINIUMS013295 0019212 77TH ST SW
LAKEWOOD, WA 98498
PIERCEHRAPALL 11 UNITS IN PROJECT.ExistsRecorded/
Uploaded
No9.09%Approved05/29/202005/29/2023
GOLD CREEK CONDOMINIUM PHASE IS009609 0013016 N NARROWS DR
TACOMA, WA 98407
PIERCEHRAPALL 68 UNITS IN PROJECT.ExistsRecorded/
Uploaded
No4.41%Approved03/12/201903/12/2021
GOLD POINTE, A CONDOMINIUMS012059 0013008 N NARROWS DR
TACOMA, WA 98407
PIERCEHRAPALL 84 UNITS IN PROJECT.ExistsRecorded/
Uploaded
No9.52%Approved03/24/202003/24/2023
HARBOR WOODS, A CONDOMINIUMS007676 0014605 56TH ST NW
GIG HARBOR, WA 98335
PIERCEHRAPALL 9 CONDO UNITS WITHIN 3 BUILDINGS IN PROJECT.
***BUILT IN 1980, CONVERTED IN 2007
ExistsRecorded/
Uploaded
No11.11%Approved08/27/201908/27/2021
HIDDENWOOD WESTS011971 0017117 40TH ST W
UNIVERSITY PLACE, WA 98466
PIERCEHRAPALL 30 UNITS WITHIN 15 BUILDINGS IN PROJECT.ExistsRecorded/
Uploaded
No0.00%Approved05/30/201905/30/2021
HUNT HIGHLANDS CONDOMINIUMSS011715 0026618 HUNT HIGHLANDS LOOP
GIG HARBOR, WA 98335
PIERCEHRAPPHASES 3-8: UNITS 1,2,6-9,16-18,19A/B,20A/B,21A/B,24A/B,25 = 18 UNITS OF PROPOSED 47-UNIT PROJECT.NoneRecorded/
Uploaded
No3.22%Approved10/28/2014n/a

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