Your Vancouver Mortgage Lender
Vancouver, located in the southwestern part of Washington State, is a growing city known for its scenic beauty, strong economy, and proximity to the city of Portland, Oregon. Vancouver is situated along the northern bank of the Columbia River, providing stunning river views and outdoor recreational opportunities. It has a diverse economy that includes industries such as manufacturing, healthcare, technology, and education. The presence of employers like PeaceHealth Southwest Medical Center and the Hewlett Packard Enterprise campus contributes to the city’s economic vitality. To the north of Vancouver is Mount St. Helens, a volcano known for its catastrophic eruption in 1980. The surrounding area has become a destination for hiking and scientific exploration. The historic Fort Vancouver National Historic Site is a significant cultural attraction. It offers insights into the region’s history, including its role in the fur trade and the Oregon Trail.
Vancouver has experienced significant population growth, in part due to its proximity to Portland, Oregon, and its more affordable housing options. This growth has contributed to increased demand for housing. It is often considered more affordable than its neighboring city, Portland. As a result, it has become an attractive option for people who work in Portland but prefer the cost of living in Vancouver. Vancouver has experienced rising home prices over the years, driven by strong demand and a limited supply of homes. However, the rate of appreciation has generally been more moderate compared to cities like Seattle and Portland. The surrounding areas, including Camas, Ridgefield, and Battle Ground, offer additional housing options. These areas may have their own unique market dynamics, and home prices can vary depending on the neighborhood and location.
Due to the rapid rise in appreciation in Washington State, the current single-family conforming loan limit for most counties in Washington State is $766,550 (an increase over the 2023 cap of $726,200). For reference, the loan limit in 2022 for a primary single-family residence was $647,200. In the more expensive Seattle-area counties of King, Pierce, and Snohomish, the single-family high balance loan limit has been increased to $977,500 for 2023. The loan limits vary from the number of units and the type of properties that are being financed.
M&M Mortgage, LLC is a reputable brokerage firm that has been serving clients since July 2006. We are licensed in multiple states, including Washington, Colorado, Minnesota, and Wisconsin. As a Mortgage broker, we are focused on catering to the unique needs of their clients. We prioritize client education, equipping individuals with knowledge about the mortgage process and presenting them with a diverse range of options, empowering them to make well-informed decisions confidently. M & M Mortgage, LLC takes pride in its ability to efficiently oversee both straightforward and complex loans. Our commitment to clients has successfully navigated us through financial crises and market fluctuations over the years.
We specialize in brokering various types of loans, such as Conventional, FHA, VA, USDA, and Non-Qualified Mortgage loans. Whether it is a first mortgage, Home Equity Line of Credit (HELOC), or Home Equity Loan (HELOAN), our expertise to assist with purchases or refinances. Moreover, M & M Mortgage, LLC possesses extensive experience in dealing with diverse property types, including single-family homes, duplexes, triplexes, quadplexes, condominiums, townhomes, and even hobby farms. Follow M & M Mortgage, LLC for insights into the mortgage industry and Friday trivia on Facebook or Instagram, where participants can win money. M&M Mortgage, LLC welcomes the opportunity to assist individuals with their next mortgage and address any inquiries they may have regarding the mortgage process.