*These rates are available with a 640 minimum fico score, based on a 1% Origination fee and 45 day lock using approved lenders and subject to loan approval

ZERO DOWN – 100% VA or USDA loans.  USDA loans are only available in towns of 25,000 per less population. Income limit for a family of 1-4 persons is $82,800.  Check out the website for more info or just call me. http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do.  Forest Grove and Wilsonville are eligible and all of Yamhill County except McMinnville.

3% DOWN – Fannie Mae Homepath loans.  Restricted to Homepath foreclosed homes.  3% down for owner occupied properties and a possibility of 10% down for investors. Visit www.homepath.com for more information.

3.5% DOWN – FHA – We have the new loan limits $362,250 in Yamhill, Multnomah, Clackamas and Washington County.

5% DOWN– the 95% is available on conventional with mortgage insurance.  Borrower may need their own money for the 5% down payment.

Special thanks to Naida Paris for this information!

This entry was posted on Wednesday, January 18th, 2012 at 8:35 pm and is filed under Mortgage Lending News, Mortgage Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.