Common Types of Financing

 

In Hood River County the most popular type of financing for a buyer is a conventional loan. About half of the people that buy a home obtain a conventional loan. Unique to Hood River is the second most popular type of financing is cash at 24.2% of residential transactions. This means almost 1 in 4 homes in Hood River County are bought with cash—no loan involved!

2014 Hood River County Residential Real Estate, Financing Mix

Type of Financing	Number of Transactions	Market Percentage
Conventional	126	55.5%
Cash	55	24.2%
FHA	21	9.3%
VA	9	3.9%
USDA	8	3.5%
Owner Contract	4	1.8%
Other	4	1.8%
Total	227	100%

                                                                                                                 *Data provided by RMLS