Loan Programs

Looking for a home loan?
You’ve come to the right place!

When you decide to buy a home or refinance a mortgage, your search for a home loan or mortgage should start and end here. With so many lenders to choose from in the Northwest and nationally, you need to choose one you can trust to find the mortgage loan that’s best for you.

We are licensed in Oregon, Washington, and California.

If you are ready to get started you can Apply Online or contact one of our experienced Northwest loan officers for more information.

MORTGAGE PRODUCTS PROS CONS
Fixed Rate Mortgages
-30 Year Fixed
-20 Year Fixed
-15 Year Fixed
-10 Year Fixed
- Fixed payments over life of loan
- Rate of interest does not change
- Protection against increase in rates
- No penalty to refinance if rates drop
- Higher rate of interest
- Higher monthly payments
Adjustable Rate Mortgages
- 1 Year ARM
- 3/1 ARM
- 7/1 ARM
- 10/1 ARM
- Lower initial monthly payments
- More flexibility in size of loan amount
- After initial start period, rates may go   down based on market
- Interest only options available
- Riskier in nature
- Payments may go up over time
- Potential for refinance sooner than planned
Interest Only
- 3/1, 5/1, 7/1, 10/1 ARMs
- 30-Year & 15-Year
- Lower initial monthly payments
- More flexibility in size of loan   amount/more  purchase power
- Unless managed properly you may not   pay down your principle balance.
First time Home Buyer
- Many low down to zero down products
- More lenient qualifying

 

- May have income or property limitations

 

No Points or Fees Products
- No or low closing costs
- Less money due at closing
- No additional principle on a refinance

 

- Much higher interest rates
- Higher mortgage payments

 

Home Equity Lines of Credit /2nd Mortgages
- Potentially Write off the interest from
your credit line
- Only pay on portion you utilize
- Easy access to funds
- Payments decrease as you make   principle reductions

 

- Rate is usually attached to going prime   rate and therefore changes often
- Payments will vary monthly

 

Second Home - Purchase a place to vacation
- Potentially write off the mortgage   interest
Investment/
Non-Owner Properties
-Take advantage of low interest rates to   purchase a property to rent out