Cowlitz County, Washington
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1 Platform, 6 Refinance Alerts
01
Alert for Lower Rates
02
Alert for Cash Out
03
Alert for Shorter Term
04
Alert for Eliminating PMI
05
Alert for Product Changes
06
Alert for Changes in Home Value
Cowlitz Real Estate Market Update
The real estate market in Cowlitz County, Washington, is currently a seller's market, with the median home price reaching $404,630 as of October 2024. This represents a 2.3% increase compared to the previous year, indicating a steady appreciation in property values. Homes in the county are selling at a median price of $259 per square foot, reflecting a competitive market environment.
Cowlitz County is home to several key cities, with Longview being the largest, boasting a population of approximately 38,000 residents. Kelso, another significant city, has around 12,000 residents and serves as the county seat. These cities are central to the county's economic and cultural activities, providing a mix of urban and suburban living options.
Living in Cowlitz County offers a blend of rural and suburban lifestyles, with agriculture playing a vital role in the local economy. The county's landscape supports farming and outdoor recreational activities, attracting those seeking a quieter, more rural lifestyle. Additionally, the county's proximity to major urban centers like Portland and Seattle makes it an attractive location for individuals and families looking to relocate for a balance of suburban tranquility and urban accessibility. The top industries in the area include manufacturing, healthcare, and retail trade, contributing to a diverse economic base.
2025 Mortgage Loan Limits:
Cowlitz County, Washington
1 Unit
$806,500
Conforming Loans
$524,225
FHA Loans
2 Unit
$1,032,650
Conforming Loans
$671,200
FHA Loans
3 Unit
$1,248,150
Conforming Loans
$811,275
FHA Loans
4 Unit
$1,551,250
Conforming Loans
$1,008,300
FHA Loans
Questions About Refinancing in
Cowlitz County
What is mortgage refinancing?
Refinancing is the process of replacing your current mortgage with a new one, often to secure a lower interest rate or change the loan terms.When should I consider refinancing?
Consider refinancing when interest rates drop, your credit score improves, or you want to switch from an adjustable-rate to a fixed-rate mortgage.How much does it cost to refinance?
Refinancing costs typically range from 2% to 5% of the loan amount, including closing fees, appraisal, and title fees.How long does the refinancing process take?
The refinancing process usually takes between 30 to 45 days, but this can vary based on lender efficiency and document preparation.What are the benefits of refinancing?
Refinancing can lower your monthly payments, reduce interest rates, shorten loan terms, or allow you to tap into home equity.What is cash-out refinancing?
Cash-out refinancing allows you to take out a new loan for more than your current mortgage balance and receive the difference in cash.Will refinancing hurt my credit?
Refinancing may cause a temporary dip in your credit score due to the hard inquiry, but the impact is usually minor and short-term.Can I refinance with bad credit?
It may be harder to qualify, but some lenders offer refinancing options for people with lower credit scores, though they often come with higher interest rates.How much equity do I need to refinance?
Most lenders require you to have at least 20% equity in your home to qualify for refinancing, though some programs may allow for lower equity percentages.Is it possible to refinance a rental property?
Yes, you can refinance an investment or rental property, though the terms and interest rates may be different compared to refinancing a primary residence.
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