First-Time Homebuyer Guide: Everything You Need to Know About Buying a Home in the Pacific Northwest

If you're thinking about buying your first home in Oregon, Washington, or anywhere in the Pacific Northwest—congratulations. It's one of the biggest financial decisions you'll ever make, and it can also be one of the most rewarding.

This guide walks you through every step of the process, from figuring out what you can afford to getting the keys. I've helped hundreds of first-time buyers navigate this journey, and the goal here is to give you the same advice I'd give a friend.

Why the Pacific Northwest Is a Great Place to Buy Your First Home

The Pacific Northwest offers a mix of urban and outdoor living, strong job markets in Portland and Seattle metros, and a quality of life that draws buyers from across the country. For first-time buyers, Oregon and Washington offer a range of price points and neighborhoods—from condos and townhomes to single-family homes—especially when you take advantage of low down payment loan programs.

Key factors making the region attractive for buyers:

• Lifestyle: outdoor recreation, culture, dining, and four-season living
• Strong job markets in tech, healthcare, and other industries
• Diverse inventory across Oregon and Washington
• No state income tax in Washington; Oregon has no sales tax
• Down payment assistance and first-time buyer programs available

How Much Home Can You Afford?

Before you start browsing, understand your budget. Your total monthly payment includes principal, interest, property taxes, homeowners insurance, and possibly mortgage insurance and HOA fees. A general rule: your total monthly housing payment should be no more than 28–31% of your gross monthly income—that's your debt-to-income ratio.

Property taxes and homeowners insurance vary by county and property. Use our home affordability calculator to estimate what you can afford.

Loan Programs for First-Time Buyers

You don't need 20% down to buy a home. Major programs in the Pacific Northwest:

• FHA loans: 3.5% down, credit scores as low as 580. Best for buyers with lower credit or smaller down payments.
• VA loans: 0% down for eligible veterans and service members. No PMI. One of the best programs available.
• Conventional loans: As little as 3% down for first-time buyers, typically 620+ credit. Competitive rates and flexibility.
• USDA loans: 0% down in eligible rural areas. Parts of Oregon and Washington qualify.

Steps to Buy Your First Home

1. Check your credit and finances. Pull free reports at AnnualCreditReport.com. Know your income, debts, and savings.

2. Get pre-approved. Contact a licensed loan originator. You'll know exactly how much you can borrow and your estimated payment.

3. Find a local real estate agent. A buyer's agent who knows the Pacific Northwest market can help you find properties and negotiate offers—typically at no direct cost to you (seller often pays commission).

4. Search for homes and make an offer. Your pre-approval letter goes with your offer.

5. Complete inspections and appraisal. Home inspection ($300–$500); lender orders appraisal ($400–$600).

6. Finalize your loan and close. You'll receive a Closing Disclosure at least 3 days before closing. At the closing table, you'll sign documents, pay closing costs, and get the keys.

Understanding Closing Costs

Closing costs typically run 2–5% of the purchase price. In Oregon and Washington, buyers often pay lender fees, title insurance, appraisal, and prepaid taxes and insurance. You can often negotiate with the seller to cover some or all of these costs, especially in a balanced market.

Down Payment Assistance in the Pacific Northwest

Oregon and Washington offer down payment assistance (DPA) programs for qualified first-time buyers. Programs have income limits and eligibility requirements. I can help you check which programs you qualify for during the pre-approval process.

Ready to Start Your Home Buying Journey?

Buying your first home doesn't have to be overwhelming. Start with the right information and work with a team that has your best interest at heart.

If you're thinking about buying in the Pacific Northwest, I'm here to help you understand your options, find the right loan program, and guide you through every step. Take the Mortgage Quiz to find out which loan fits you, or book a call to discuss your options. No pressure, no obligation—just honest advice.

By Dawn Robbins Group | NMLS# 432345

This content is for educational purposes only and does not constitute financial advice. Every buyer's situation is unique. Contact Dawn Robbins Group for personalized guidance.

[Book a consultation →](https://calendly.com/dawn-robbins/30min)