Spokane Valley, Spokane County
Baseline conforming and FHA limits apply; our loan originator Reece Merkley is local in Liberty Lake and covers the whole Spokane area.
We serve Spokane Valley by phone, text and video from our office in Edmonds, in English or Spanish.
Local numbers
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.
Your local originator: Reece Merkley, NMLS #1162837, (425) 750-0193. Pre-approve with Reece
Common questions
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 Spokane Valley 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 Spokane Valley purchase lands well under it, so you get agency pricing from every lender we work with.
Yes. For eligible first-time buyers we can arrange assistance covering the 3.5% down payment plus up to 1.5% toward closing costs, up to 5% of the price. Tell the pre-approval you have under 5% saved and it prices the help on your Spokane Valley purchase before anything is promised.
About ten minutes if you have your income and account balances handy. The pre-approval 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 a licensed originator, by phone, the same day.
