Loan Programs
We offer a variety of loan programs to meet your specific needs. We work with the leading lenders in the industry to provide some of the following options.
CONVENTIONAL:
Conventional loans are the most popular in the United States. They typically offer the lowest rates and best terms available on the market, as long as a borrower meets the guidelines. These loans are underwritten by guidelines set by Fannie Mae and Freddie Mac. These are two separate agencies that purchase the loans once they are finalized. Loan amounts go up to $510,400 across the country and up in higher cost areas.
- 10, 15, 20, 25 and 30 year fixed rate terms
- 3% minimum down payment
- 620 minimum FICO credit score
- 15 and 30 year fixed rate terms
- 3.5% minimum down payment
- 580 minimum FICO credit score
- Must be primary residence
JUMBO LOANS:
Jumbo Loans are simply loans that are too large to be considered purchasable by Fannie Mae or Freddie Mac. They typically require 10% down and have a loan amount over $510,400 with interest rates slightly higher than comparable non-jumbo loans.
- 30 year fixed rate term
- 0% minimum down payment
- 620 minimum FICO credit score
- Can’t own other real estate
- Can’t be an income producing property
- 1-4 people can make up to $86,850 annually in Lane County
- 5+ people can make up to $114,650 annually in Lane County
- Property located outside of city limits
- 15, 25 and 30 year fixed rate terms
- 0% minimum down payment
- 580 minimum FICO credit score
- Copy of DD214
- Request for Certificate of Eligibility form
If you are considering purchasing a new home or refinancing an existing home, a great place to start is with a free, no-obligation consultation. We will be able to tell you in a few minutes which choices might be best for you. We can also quickly pre-approve you free of charge which allows you an upper hand when going to make an offer on a home. To schedule your consultation, call us today.
*This is not an extension to lend credit. Your actual rate, payment and costs could be higher. Get an official loan estimate before choosing a plan. All programs are subject to loan and credit approval. Not all applicants will qualify. Information and / or data is subject to change without notice. Restrictions may apply.