Millwood, Spokane County
Baseline conforming and FHA limits apply; our loan originator Reece Merkley is local in Liberty Lake and covers the whole Spokane area.
I'm licensed across Washington and work with Millwood buyers by phone, text and video the same day, in English or Spanish.
What a Millwood purchase looks like today
A $420,000 home with 10% down is a $378,000 loan. At today's lowest-cost 30-year fixed, 6.875%, that's about $2,483 a month in principal and interest, before roughly $368 in Spokane County property tax and your insurance.
Millwood buyers ask
On a $420,000 home with 10% down and today's lowest-cost 30-year fixed at 6.875%, principal and interest is about $2,483 a month. Spokane County property tax adds roughly $368 a month, plus insurance and, under 20% down, mortgage insurance. The card on this page prices your own numbers.
Yes. The Spokane County FHA limit is $524,225, which covers a typical Millwood home with 3.5% down. Today's lowest-cost FHA 30-year is 6.625%. FHA is often the better rate when credit is under 700; above that, conventional usually wins once you compare mortgage insurance.
Usually not. The 2026 conforming limit is $1,209,750, and a typical Millwood purchase lands well under it, so you get agency pricing from every lender we work with.
Washington's Home Advantage and House Key programs through WSHFC can cover a down payment as a second loan, and some Spokane County buyers qualify for extra local assistance. Tell the pre-approval you have under 5% saved and it checks what you qualify for before quoting.
About ten minutes if you have your income and account balances handy. The letter reissues itself at any amount up to your maximum, so you can tailor it to each offer. If a listing agent wants to speak with the lender, that's me, by phone, the same day.