In an ever-shifting housing market, Dave Porter remains a steadfast advocate for the power of homeownership. With years of experience as a dedicated local loan officer, Dave helps individuals and families navigate financing with clarity, honesty, and heart. He believes that owning a home isn’t just a financial decision—it’s a step toward family stability, personal growth, and long-term opportunity. In this mini-interview, Dave shares his perspective on current trends, offers insight into buyer options, and reminds us why staying local still matters.
Dave, how are things going in the housing market right now, and what are you seeing on the ground?
I’m seeing the ground shifting. We are in uncharted waters, and the impacts are global. Yet, people still need a roof over their heads. Homebuilders are becoming less optimistic, and the cost of building homes is rising, partly due to tariff effects. Labor costs are increasing, and material timelines are stretching out. I personally think it’s a good time to buy before the full impact of these tariffs kicks in.
Why do you still believe in homeownership as a valuable path for individuals and families today?
In times of turmoil and uncertainty, it’s reassuring to have some stability. Homeownership can provide that. I’ve shared in the LocalsGuide before that for many, buying a home is not only better than paying rent but also offers a safe place for families to gather. I’m seeing growing interest in multigenerational housing as well.
What types of loan programs are currently available to help buyers get started?
There are several no-down-payment loan options, including VA, USDA, and Oregon Housing loans. Even FHA loans now offer second mortgage options. A person could purchase a duplex, triplex, or even a fourplex with as little as ZERO down on VA loans, 3.5% down on FHA, and 5% down on conventional loans.
Can you share four or five testimonials or client stories that reflect the kind of impact you’ve seen homeownership have?
Of course, and I appreciate the opportunity to share:
“We’ve had the pleasure of working with Dave on two home purchases. His consistent excellence across both transactions proves he’s exceptional.”
“As a first-time buyer, Dave was an amazing help. His ability to clearly explain all the intricacies of the loan process helped immensely!”
“We worked with Dave Porter on a complicated local purchase and a VA loan. Dave helped every step of the way. We closed on time, and we could always count on Dave to explain things.”
“Dave’s got game! We worked with him on more than one purchase out of state, and each time, he went to bat for us with the sellers. He consistently answered our questions in record time—even on weekends and evenings.”
You’ve talked about people using their home equity in creative ways—can you explain that a bit more?
If your house is worth $400,000 and you owe $50,000 or $350,000, the appreciation amount remains the same. The equity in your home can be leveraged. Imagine pulling $100,000 out of your current home and using it for a down payment on a duplex or vacation home. Those properties can then appreciate in value as well.
Why is working with a local lender so important in today’s market?
Local lenders bring accountability. I don’t get paid until a loan closes, so I’m deeply committed to my clients. Unlike big-box mortgage services, I offer personalized support and real advice—not just rates. Agents appreciate being able to call anytime—even evenings or weekends—to get an update on the transaction progress. Listing agents also feel there’s more accountability with a local lender than with an online lender. Did you know some online lenders still think Phoenix is only in Arizona and Jacksonville is only in Florida?
How do you help your clients stay informed in this unpredictable interest rate environment?
One advantage of working with me and loanDepot is that we have a “Lifetime Guarantee” for reducing lender fees on a future refinance. Additionally, exploring options like a 15-year loan instead of a 30-year one can offer lower rates and significantly reduce interest payments. When it makes sense, I also recommend exploring temporary or permanent buydowns.
What inspires you to keep showing up with positivity and gratitude each day?
Besides the debts? (laughs) I couldn’t help myself! I love solving problems, and mortgage lending allows me to stay sharp on market changes and explore various scenarios. Mortgage lending keeps me on my toes, and the satisfaction of closing a transaction on time with happy buyers, sellers, and agents is a great rush.
For someone on the fence about buying—what would you say to them right now?
Get more information. I’m happy to meet or have a call with anyone to provide current and accurate information. Too often, I see people relying on outdated or incorrect information. Have a mortgage question? Let’s chat!
Learn More:
Dave Porter, NMLS # 493876
loanDepot
www.davesporter.com | 541-708-4020
