Outstanding New Loan Program Available for Real Estate Investors in Bend, Oregon

   Market Niches 

    WHO CAN BENEFIT?

• People looking for a great deal for a primary, second home or an investment property
• First time home buyers allowed
• Non-Perm Resident Aliens are not allowed
• Non-Occupant Co-Borrowers are not allowed

    FHA VS. HOME PATH

• FHA requires UFMI & an annual MI premium
• Home Path only requires LPMI

• FHA only allows purchases on primary residences
• Home Path allows purchase options for primary, second & investment homes

• FHA requires a full appraisal on purchases
• Home Path requires no appraisal as the LTV is set by the purchase price

Underwriting Guidelines    

    LOAN LIMITS

• Conforming $417,000 (One Unit)

    TERMS AVAILABLE

• 30 Year Fixed TRANSACTION PURPOSE
• Purchase Only   

    CREDIT

• 640 Minimum

    PROPERTY ELIGIBILTY

• Condos, PUDS, SFR, Multi Family Dwelling are eligible for financing
• Maximum of 10 Property for owner occupied transactions
• 4 properties owned restriction for non-owner occupied and second home transactions    

    LTV / CLTV

• LTV is determined by sales price - no appraisal required

• Minimal 3% Down Payment
• No minimum from the borrower
• Can be 100% Gifted
• Can be a Grant
• Can be a loan from a Nonprofit Organization, State or Local Government or Employer

Purchase Owner Occupied/ Purchase Investment Property

Appraisal Requirements

    LTV DETERMINED BY SALES PRICE

• No Appraisal Required

 Email for more details. . . . .

This loan program is offered through Aaron Myra of Bridge City Lending in Bend, Oregon.