Elite Mortgage Lender - Mortgage Company in Southern Oregon

Our wide portfolio of loan programs is designed to meet the varied needs and situations of our clients. We take a lot of pride in taking the time to walk you through each and every option until you can make a confident and informed decision. Here’s a quick look at our most popular programs:

A conventional loan is a mortgage loan that is not insured by any government agency FHA, VA or USDA. Conventional loans often represent lower rates and great terms as long as the borrower can meet the loan requirements. They typically require a 5-10% down-payment, and may have private mortgage insurance if program minimum down-payment is not met.

FHA loans are typically more useful for people with lower down-payments and/or lower credit scores. These loans are insured by FHA and can have higher fees associated with them, including monthly mortgage insurance.

VA loans are made by the Veterans Administration for veterans of our armed forces. These loans come with special protections and benefits. VA loans do not require a down-payment in most cases, and there is no monthly mortgage insurance.

A USDA Home Loan is also known as the USDA Rural Development Guaranteed Housing Loan. This loan features no down-payment options for homes that are in rural areas, and is guaranteed by USDA.

Jumbo loans are simply loans that are too large to be considered purchasable for Fannie Mae or Freddie Mac. They typically require 20% down-payment, although here are exceptions for as little as 5% down. The interest rates are usually about .25% – .50% higher than comparable non-jumbo loans.