Central Oregon Property, Homes, Real Estate, Foreclosure Specialist

Helpful Info > Loan Programs

It is definitely a buyer's market and despite popular belief, there is plenty of low interest and even no money down programs still available.

Remember: Lenders want to Lend. That's how the get paid!
Mortgage Advice

Rural Development Loans, sponsored by the Federal government offer great rates, are more readily available and apply to more areas than most people realize.
Provides 100% financing
Less up front cash required than Conventional or FHA
No mortgage Insurance required
Fixed interest rate
No prepayment penalty
For more information:

USDA Income and Property Eligibility Site

FHA Loans

Buying your first home?
FHA might be just what you need. Your down payment can be as low as 3% of the purchase price, and most of your closing costs and fees can be included in the loan. Available on 1-4 unit properties.
Want a fixer-upper?
• FHA’s Section 203(k) Limited Repair Program is an excellent
financing option for you whether buying or selling homes—
especially when repairs are identified during a home inspection
or appraisal—because it gives buyers the ability to make
repairs after closing.
• Buyers can finance up to an additional $35,000 into their
mortgage to pay for minor remodeling such as replacing
flooring, installing new appliances, and painting the interior
and/or exterior of the home.
How about manufactured housing and mobile homes?

FHA Website:
http://www.hud.gov/buying/loans.cfm
HUD Website:
http://portal.hud.gov/portal/page?_pageid=73,1&_dad=portal&_schema=PORTAL
Important information provided here to help homeowners avoid foreclosure in addition to FHA loan information.

From Wells Fargo
FLEX/FIXED® Program You can purchase a temporary interest rate discount for the early years of your loan term and you will know what your future payments will be.You may be able to temporarily buy down your start rate as much as 3% below the established fixed rate.
For more information Contact:
Debra Sweistris
Phone: 541-548-0878
debra.j.sweistris@wellsfargo.com
www.wfhm.com/wfhm/debra-sweistris

There is a ton of money and many programs available for home loans. More than I can possibly keep up with. Always speak with a trusted mortgage professional for the best advice. You can find a list of those I trust on this page: Partner Links

To find and track current rates add this page to your browser's favorites: Mortgage Rates