Mortgage Broker in Salem, OR.

Roughly $530K to $685K at today's rates, assuming a 20% down payment and no other significant debt. That range uses a $150,000 household income, a 30-year fixed rate near 7.3% (the early October 2026 national average), property taxes of about 1.1% of the home value per year, homeowners insurance of about $110 a month, and a housing payment between 28% and 36% of gross income.

Compare that to Salem's typical price around ~$435K, and you can see which side of the market that income supports today. A larger down payment, a co-borrower, or a lower rate moves the number quickly, which is why exact math matters.

This is an estimate to help you plan, not a quote. Jeff can run your exact income, debts, and credit through real programs and give you a number you can shop with.

OHCS down payment assistance is a second loan of 4% or 5% of the total loan amount that can cover up to 100% of your cash to close. It is forgivable for buyers at or below 80% of area median income and repayable for moderate-income buyers, and it pairs with the FirstHome and NextStep first mortgages.

The 2026 conforming limit for a one-unit home in Marion County is $832,750, and the 2026 FHA limit is $541,287. Loans above the conforming limit are jumbo and carry different pricing. Both limits are set annually by FHFA and HUD and can change each January.

FirstHome is geared to first-time and first-generation homebuyers, but NextStep is open to repeat buyers, and non-occupying co-signers are allowed. FirstHome uses county income limits, while NextStep caps qualifying income at $125,000.

For conventional loans, a credit score at 620 or above is preferred, but scores under 620 can be approved case by case. FHA allows 580 with 3.5% down, and VA and USDA do not set a minimum of their own. Your rate improves as your score rises, so Jeff reviews your actual credit profile before picking the program.