Question 1

Is Spokane affordable for first-time buyers?

Accepted Answer

Yes. Spokane is one of Washington's most affordable markets for first-time buyers. With home prices typically ranging from $300,000–$550,000, FHA financing with 3.5% down puts homeownership within reach for many buyers. Down payment assistance programs through CalHFA equivalents or local Washington programs may also apply.

Question 2

What loan programs work best in Spokane?

Accepted Answer

FHA is popular for Spokane first-time buyers given the price range and flexible credit requirements. Conventional 3% down is competitive for buyers with 700+ credit. VA loans are relevant for veterans connected to Fairchild Air Force Base. USDA rural loans may apply to some outlying Spokane County communities. Dan will identify the best program for your specific financial profile.

Question 3

Can Dan help Spokane investors finance rental properties?

Accepted Answer

Yes. Dan originates conventional investment property loans and DSCR (cash flow based) loans for Spokane rental properties. Spokane's affordable prices and growing rental demand make it an attractive investment market. Investment property loans typically require 20–25% down. Dan can also help with small multifamily purchases up to 4 units.

Question 4

Is the process different for out-of-state buyers in Spokane?

Accepted Answer

The process is the same whether you're buying in Spokane from within Washington or relocating from another state. Dan handles everything digitally, online application, secure document upload, and e-sign closing. The only requirement is that he holds a license in Washington, which he does (NMLS# 1412272).

Mortgage Broker in Spokane, WA

The Spokane Housing Market

Why Choose Dan Ardis for Your Spokane Mortgage?

Loan Programs in Spokane

Mortgage FAQs for Spokane

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