PURCHASE A NEW HOME

Let us help you buy your new home!

Purchasing a home is a very exciting time, and being well prepared will help you make better decisions. Take this opportunity to learn more about home buying and the mortgage process. Allow us to be your resource and guide our through your new home purchase.

Quick Quote

Am I ready to buy?

Buying a home offers many advantages, one of the most significant being that it allows you to build equity (ownership) when you pay your mortgage each month. A common myth is that monthly mortgage payments are more expensive than rent. But, in many cases, mortgage payments can be even less than rent. When considering home ownership for the first time, you need to decide whether buying makes financial and practical sense for you right now or if you are better off renting. Consider both the advantages and disadvantages to renting as well as buying, and weigh the pros and cons for your situation.

How much house can I afford?

The first step toward finding the right home is to quickly compute your purchasing power and determine how much you can afford to pay each month. This saves you time by allowing you to focus on homes in your price range. In addition, in the planning stage, you should consider both the up-front and ongoing costs associated with purchasing a home.

Find out how much you can afford!

Some up-front costs include:

Down payment: Typically ranges from 3-30% of the cost of the house. The more you can put down, the greater equity you will have in your home and the lower your monthly payment will be. For down payments less than 20% you may also need to pay mortgage insurance.

Closing Costs: Typically range from 2-6% of the loan amount depending on your area.

On-going Costs: Your housing costs can include the following:

  • Monthly mortgage payment

  • Homeowners insurance

  • Mortgage Insurance

  • If applicable - Flood Insurance

  • If applicable - Property taxes

  • Utilities

  • Maintenance

Our happy clients.

  • "Throughout the entire process, Paul and his staff were extremely friendly, professional, and kept me informed along the way. I would definitely recommend them!!! "

    Bek, Wilsonville

  • "I bought a new house and used Willamette Financial, Paul delivered what he promised and we were ready to close 2 weeks early. I highly recommend them."

    Marcus, Lake Oswego

  • "Paul Gowen and his team were absolutely wonderful. Every step of this process was seamless and painless. They were courteous, efficient, helpful and had some of the most competitive rates around. Thank you!"

    Ivy, Springfield

  • "Out of the four experiences I've had buying a house, this was the only time I felt like I was getting straightforward information, all the milestones were hit on time, and there were no surprises. Thanks to Paul and his team. "

    Joe, West Linn, OR