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Mortgage Products
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Southern Oregon Valley |
Downtown Jacksonville |
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Mt. McLoughlin |
Mountain Mortgage of Oregon offers a wide variety of loan products and services to suit virtually any home mortgage situation. We can process Standard Conforming, Non-Conforming, VA, and Oregon Bond Loans. We have a plethora of First Time Home Buyer programs including a loan that requires no money down along with the closing costs financed into the loan. Had some past credit problems? Don't let that stop you!! Check out some of our Non-Conforming loan products today!
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Conventional Loans and Jumbo Loans
This is probably the Most widely held home mortgages process today. Check out this page and learn more about the programs Mountain Mortgage of Oregon has to offer!!
Conventional Loans are probably the most popular loan programs available on the market today. This type of loan offers a wide variety of loan programs at the most competitive rates.
Conventional Loans are mortgages that are not covered by any government program of insurance or guarantee. They can be eligible for purchase by the major secondary market agencies, Fannie Mae and Freddie Mac, which offer standardized underwriting guidelines for conforming loan amounts up to $240,000.
These loans carry fixed or variable (ARM) rates and a variety of repayment terms that can be tailored to your individual needs.
Down-payment Requirements can be as little as 3%, although loans with less than 20% down generally require mortgage insurance.
Ask about some of the options available at Mountain Mortgage of Oregon to eliminate having a monthly mortgage insurance premium. We now offer some interesting alternatives for higher LTV without mortgage insurance. Generally, conventional loans do not have prepayment penalties. Check out our rates to get a better idea of some of the programs we have to offer. Then feel free to contact us for more specific details also we can explain other options that may not be listed in the web site. We can explain the different programs and help find a solution that is designed with your specific needs in mind!
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Non-Conforming Loans
Had some challenges with credit in the past? At Mountain Mortgage, we understand things happen in life. Let us show you how we can still help you to own your own home. We can also show you how to tap into some of the equity in your own home, to consolidate your monthly debt payments into one lower payment. Let our loan professionals help make things easier for you!
Non-Conforming Loans are designed for those who have less than perfect credit. With a Non-Conforming loan, you can still either buy or refinance your home. In an imperfect world sometimes things don't always go as we had hoped, or planned that they might. Don't lose heart. Mountain Mortgage of Oregon can still help you! We have experts on staff that will work with your credit and find the best possible solution. For many, the equity they have in their home may allow them to pay off debts, so that they can lower their overall monthly payments. Then, in a couple of years, after they have reestablished their credit, they can refinance into conventional loan.
Key Benefits:
Many times it makes living month to month easier
We can do a 100% purchase
You can do something now instead of having to wait
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VA Loans
Over the last few years we at Mountain Mortgage has specialized in VA loans. Let us show you how easy it is to purchase a home. If you are an eligible veteran with average credit and a job, there is no reason why you can't own your own home. In many cases, it is easier to purchase a home than it is to move into a rental. If you currently have a VA loan check out our streamlined refinance program.
KEY BENEFITS:
100% Financing Available
You can literally purchase a home for less than it costs to move into a rental
Competitive rates and no Mortgage Insurance required
Veterans Administration loans are available to individuals who have served or are currently in the U.S. armed forces and meet eligibility requirement. VA mortgages may be provided with no down payment required, making them ideal for first-time borrowers. Loan amounts may be as much as $203,000 with full entitlement. Loans are assumable with release of liability and there are no penalties for prepayment.
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Oregon Bond and other First Time Home Buyer Loans
The Oregon Bond is a great program for first time home buyers. Check out the requirement and the low rates that the Oregon Bond offers. Also, look into other first time home buyer programs we offer here at Mountain Mortgage.
The Oregon Bond
The Oregon Bond is a wonderful first time home buyer loan program. It offers low rates and can be very flexible. There are some restrictions however that go along with the Oregon Bond program. The borrower cannot have had ownership of a principle residence in the last three years. There can be income restrictions in non-targeted areas, but targeted areas have no income restrictions. There can also be a recapture due at the time of closing, which is based on the seller's income and the sales price of the house at concerning this great low-interest rate program!
My Community
This is another great loan program designed for people without a lot of cash. It is a 100% loan, in which the seller can also contribute 3% of the purchase price towards the closing costs. This allows a borrower to get in to a home with very little money. This loan also has targeted areas in which there are no income restrictions. This program overall is an excellent way of allowing you to get the home you want at a low cost. Find out more information today, call or e-mail us a secure Information Request Form!
There are many other loan programs that can be utilized by a first-time home buyer, so feel free to give us a call or e-mail us using our Request Form (see below), and let Mountain Mortgage of Oregon design a loan program to meet your specific needs!!
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