Loan ProgramsThe following is a list and a brief description of various loan programs. Equity Home Mortgage, LLC may not offer all programs described due to current and changing market conditions. For more information on the programs that we currently offer, please contact us or contact one of our professional Loan Consultants close to you, listed under 'Meet Our Professionals'.
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ODVA
Oregon Department of Veterans Affairs loan for veterans. Owner occupied purchases only
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Conventional
Traditional loan programs that usually require 5% down and offer competitive interest rates. Full documentation and good credit are necessary.
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VA Mortgages
Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.
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FHA Mortgage
Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3.5% down payment.
Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.
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Oregon and Washington State Bond loans
Low down payment home purchase loans at below market rates.
NOTE: The Oregon State Bond Loan program is temporarily suspended
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Investor Loans
Used to finance 1-4 family properties that will be for investment purposes. Aggressively priced, these programs may not be available in some states.
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Jumbo Loans
Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full documentation.
Cash out and No cash out refinance are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.
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USDA Rural Housing
No down payment required.
No maximum loan limit.
No limit on seller paid costs.
No monthly mortgage insurance.
Household income limits by geographic location apply.
Eligible property in many rural communities.
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