Bend, Oregon Mortgage Loan Programs
There are many mortgage loan programs available for the many
varied needs of today’s borrower in Bend, Oregon.
Our list will give you an idea of what we can design for you,
either for your long term or short term investing, please contact us for more information on
any of these loan programs. As the home loan business is ever
changing all programs available will not be listed.
Loan qualifications usually consist of three main criteria;
Collateral, Credit, and Cash.
- The collateral, or subject property, must fit the program guidelines for the Loan to Value (LTV) and designated use.
- The borrower’s credit score impacts the loan programs available as well as the pricing, loan fees, and interest rates available.
- Cash includes the amount of cash available to close the deal, i.e. “cash to close” and the income (cash earned) available to qualify for the loan.
There are loans available where your income is not requested,
verified, or documented in any way. These types of loans
are no doc, limited doc, or stated income loans.
The type of loan that is best suited for a particular borrower
depends on that borrower’s unique situation. With
all the variations of loan
documentation there is usually a mortgage program for
today’s non-conventional Central Oregon borrower.
