Loan Programs

 

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Southern Oregon Valley

Downtown Jacksonville

 

Mt. McLoughlin  

 

The following is a partial list of programs offered by Mountain Mortgage of Oregon with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 541-774-9002.

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 $417,000. For loans over $417,00 we offer competitive Jumbo loans.

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 5%, 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. 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!

True 100% Loans VA and USDA Loans

Over the last few years we at Mountain Mortgage has specialized in USDA and 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.
USDA loans are available and have become a great tool for people looking to live outside of the Medford and Central Point urban areas. Call us today to find out if you qualify and what the specific qualifications of USDA loans