Clackamas County, Oregon VA Loan Information

Table of Contents

• What is the VA Loan Limit?
• How to Apply for a VA Home Loan?
• What is the Median Home Price?
• What are the VA Appraisal Fees?
• Do I need Flood Insurance?
• How do I learn about Property Taxes?
• What is the Population?
• What are the major cities?
• About Clackamas County
• Veteran Information
• Apply for a VA Home Loan
• VA Approved Condos

FAQ

What is the VA Loan Limit?

2021 VA Home Loan Limit: $0 down payment up to $5,000,000* (subject to lender limits) /2 open VA loans at one time $548,250 (Call 877-432-5626 for details).

How to Apply for a VA Home Loan?

This is a quick look at how to apply for a VA home loan in Clackamas County. For a more detailed overview of the VA home loan process, check out our complete guide on how to apply for a VA home loan. Here, we’ll go over the general steps to getting a VA home loan and point out some things to pay attention to in Clackamas County. If you have any questions, you can call us at VA HLC and we’ll help you get started.

1. Get your Certificate of Eligibility (COE)
   • Give us a call at (877) 432-5626 and we’ll get your COE for you.
2. Are you applying for a refinance loan? Check out our complete guide to VA Refinancing.
3. Get pre-approved, to get pre-approved for a loan, you’ll need:
   • Previous two years of W2s
   • Most recent 30 days paystubs or LES (active duty)
   • Most recent 60 days bank statements
   • Landlord and HR/Payroll Department contact info
4. Find a home
   • We can help you check whether the home is in one of the Clackamas County flood zones
5. Get the necessary inspections
   • Termite inspection: required
   • Well or septic inspections needed, if applicable
6. Get the home appraised
   • We can help you find a VA-Certified appraiser in Clackamas County and schedule the process
   • Construction loan note: Construction permit/appraisal info
     1. Building permit
     2. Elevation certificate
7. Lock-in your interest rates
   • Pro tip: Wait until the appraisal to lock-in your loan rates. If it turns out you need to make repairs, it can push your closing back. Then you can get stuck paying rate extension fees.
8. Close the deal and get packing!
   • You’re ready to go.

What is the Median Home Price?

As of August 31^st, 2020, the median home value for Clackamas County is $464,423. In addition, the median household income for residents of the county is $76,597 which is higher than the national average.

How much are the VA Appraisal Fees?

• Single-Family: $775.
• Individual Condo: $825.
• Manufactured Homes: $825.
• 2-4 Unit Multi-Family: $950.
• Appraisal Turnaround Times: 10 days.

Do I need Flood Insurance?

• The VA requires properties are required to have flood insurance if they are in a Special Flood Hazard Area.
• In Clackamas County, areas immediately around the Willamette River and the Clackamas River are the biggest flood hazard areas in the county.  

How do I learn about Property Taxes?

• The Clackamas county tax assessor’s office is located at 150 Beavercreek Road Room #135 Oregon City, Oregon 97045, and can be reached by calling (503) 655-8671
• Oregon offers businesses that invest and hire within enterprise zones the option to be exempt from property taxes for at least three years. In addition, the Oregon Investment Advantage program encourages the success of new businesses starting and relocating to the state. For example, the program offers income tax subtraction, and it can also eliminate state income liability for new businesses for many years.

What is the Population?

• The county’s population of 418,187 is 81% White, 9% Hispanic, and 5% Asian.
• Most county residents are between 18 and 65 years old, with 21% under 18 years old and 18% older than 65.
• In total, the county has about 155,456 households, at an average of two people per household.

What are the major cities?

The county has a total of sixteen cities that include Oregon City which is also the county seat. The other fifteen cities in the county are Barlow, Canby, Estacada, Gladstone, Happy Valley, Johnson City, Lake Oswego, Milwaukie, Molalla, Portland, Rivergrove, Sandy, Tualatin, West Linn, and Wilsonville.

About Clackamas County

Named after the original inhabitants of the area, Clackamas County, Oregon was established in 1843 and was at one point big enough that it covered parts of several states. Eventually, in 1844 the Columbia River became its northern boundary. However, in 1846 the county was shrunk event further and in 1854 it became what it is today encompassing 1,879 square miles.

Today, the county has a very diverse economy with agriculture, timber, manufacturing, and tourism all playing a role in the modern economy. The biggest employment industries in the county include healthcare, manufacturing, and retail. Hence, the most common jobs in the county are administrative, management, and sales-related occupations.

The county is also home to the Mt. Hood Economic Alliance Grants and Revolving Loan Fund, which offers grants and loans to qualifying businesses. Moreover, priority is given to businesses that create and retain jobs, leverage outside capital investment, are sustainable, support minorities, and pays workers an average wage that is higher than the county minimum wage.

Educationally speaking, the county is home to around 108 public schools that provide education for students pre-K to 12^th grade. In addition, the county is also home to several higher education institutions like Clackamas Community College, Pioneer Community College, and Marylhurst University. Furthermore, the most common concentrations for students at these institutions are liberal arts, food services, and business administration.

Finally, the county is home to 22 city parks which includes Clackamette Park that has an RV camping area, skateboard park, and several other recreational facilities. Moreover, the county is also full of other historical buildings and museums like the Museum of Oregon Territory, the Stevens Crawford Museum, and the End of the Oregon Trail Interpretive Center.  

Veteran Information

There are about 27,654 veterans currently living within Clackamas County, which offers assistance to veterans through:

Clackamas County is home to five VFW post:

• Post 1324 three Rivers Post – 104 S. Tumwater Drive, Oregon City, OR, 97045.
• Post 6057 Canby-Aurora Post – 210 Main Street, NE Aurora, OR, 97013.
• Post 3973 Molalla Post – 127 Grange Ave. Molalla, OR 97038.
• Post 12140 Lawrence Alberti Post – 1180 Rosemont Rd. West Linn, OR 97068.
• Post 4273 Sandy Post – 38452 Proctor Blvd, Sandy, OR 97055.
•  

VA Medical Centers in the county:

• West Linn CBOC – 1750 Southwest Blankenship Road, Suite 300, West Linn. OR 97068.
• Portland VA Medical Center – 3710 SW U.S. Veterans Hospital Rd. Portland, OR, 97239.
• •  

For information regarding VA benefits visit:

• Portland Regional Office – 100 SW Main Street, 2^nd floor, Portland, Oregon 97204.
•  

Apply for a VA Home Loan

• For more information about VA Home Loans and how to apply, click here.
• If you meet the VA’s eligibility requirements, you will be able to enjoy some of the best government guaranteed home loans available.  
• VA loans can finance the construction of a property. However, the property must be owned and prepared for construction as the VA cannot ensure vacant land loans.

VA Approved Condos

Name (ID): EAGLES LOFT CONDOMIUIUMS (000511) Address: 11639 SE WINGSPAN WAY HAPPY VALLEY OR 97086 CLACKAMAS Status: Accepted Without Conditions Request Received Date: 02/20/2017 Review Completion Date: 02/22/2017	Name (ID): SIENA AT VILLEBOIS (000563) Address: 28615 SW PARIS AVE. WILSONVILLE OR 97070 CLACKAMAS Status: Accepted Without Conditions Request Received Date: 12/17/2018 Review Completion Date: 11/19/2018
Name (ID): FAIRWAY CREST, I, II, III & IV (001065) Address: CONDOMINIUM HAPPY VALLEY OR 97086-0000 CLACKAMAS Status: Accepted Without Conditions Request Received Date: 01/25/2015 Review Completion Date: 01/25/2015	Name (ID): SUMMERLINN ESTATES, A CONDO (000363) Address: WEST LINN WEST LINN OR 97068 CLACKAMAS Status: Accepted Without Conditions Request Received Date: 03/14/2011 Review Completion Date: 03/20/2011
Name (ID): HAWTHORNE PARK (61072A) Address: CONDOMINIUMS MILWAUKIE OR 97222 CLACKAMAS Status: Accepted Without Conditions Request Received Date: 06/08/2010 Review Completion Date: 06/20/2010	Name (ID): SUMMERLINN VILLA, (000335) Address: A CONDOMINIUM WEST LINN OR 97068 CLACKAMAS Status: Accepted Without Conditions Request Received Date: 03/14/2011 Review Completion Date: 03/20/2011
Name (ID): JANTZEN BEACH VILLAGE (000568) Address: 397 N HAYDEN BAY DR PORTLAND OR 97217 CLACKAMAS Status: Accepted Without Conditions Request Received Date: 05/13/2019 Review Completion Date: 06/19/2019	Name (ID): TANGLEWOOD HILLS (603001) Address: CONDOMINIUM LAKE OSWEGO OR 97035 CLACKAMAS Status: Accepted Without Conditions Request Received Date: 03/24/2003 Review Completion Date: 04/09/2003
Name (ID): LINNWOOD HEIGHTS DEER (001330) Address: POINT CONDOS PH 1-5 WEST LINN OR 97068-0000 CLACKAMAS Status: Accepted Without Conditions Request Received Date: 02/12/2008 Review Completion Date: 12/10/2012	Name (ID): THE MANSIONS AT SUMMERLIN (60910A) Address: CONDOMINIUMS WEST LINN OR 97068 CLACKAMAS Status: Accepted Without Conditions Request Received Date: 05/03/2009 Review Completion Date: 05/25/2009
Name (ID): MT PARK HEIGHTS CONDOMINIUMS (000608) Address: 4467 THUNDER VISTA LANE LAKE OSWEGO OR 97035 CLACKAMAS Status: Accepted Without Conditions Request Received Date: 10/04/2020 Review Completion Date: 10/19/2020	Name (ID): VILLAGE ESTATES (000489) Address: CONDOMINIUMS WILSONVILLE OR 97070 CLACKAMAS Status: Accepted Without Conditions Request Received Date: 09/12/2016 Review Completion Date: 09/14/2016
Name (ID): OSCAR PARK CONDOMINIUM (000524) Address: 7825 SE SPORRI LANE PORTLAND OR 97267 CLACKAMAS Status: Accepted Without Conditions Request Received Date: 07/19/2017 Review Completion Date: 07/25/2017

Links

Oregon VA Loan Information: https://www.vahomeloancenters.org/oregon-va-home-loan-limits/

VA Loan Information by State: https://www.vahomeloancenters.org/va-loan-limit-maximum-va-loan-amount/