Available Loans

Purchase, Refinance and Renovation Loans

Mortgages for purchasing a home, renovating a home or refinancing your existing mortgage….

Services for Sellers

Selling your home? Be sure that you are prepared – we can help.

We’ll work with you to find the best possible solution for your home financing needs. As an independent mortgage broker we will compare options from many wholesale lenders to provide you the best product for your unique needs and financial goals. We take great care of our customers, that’s why we’re almost entirely referral driven.

Regardless of whether we close a loan for you, our goal is that you never hesitate to refer your friends or family to us for their next loan.  We want you as our clients for a lifetime not one time. You may close your loan today, but we’ll still be here for you tomorrow and in the future.

Purchase, Refinance and Renovation Loans

Conventional

For loan amounts under $647,200 and down payment of 3% or more, these loans offer the most affordable options in terms of interest rates and are offered either in fixed rates terms of 10 to 30 years, or adjustable rate products for those with a short horizon for ownership and are available to finance a large variety of homes. By far the most popular loan product on the market today, these loans are typically purchased by either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) and borrowers are required to have a fairly good credit record and fiscal profile.

FHA

FHA loans require a 3.5% down payment, and have more lenient credit requirements and more liberal qualifying criteria compared to Conventional Loans, but mortgage insurance is mandatory for the life of the loan and is comparatively more expensive than Conventional Loans. FHA loans may be a viable option for home buyers with limited or no credit history, lesser down payment, or significant derogatory credit events. The Federal Housing Administration, under the supervision of the Department of Housing and Urban Development insure FHA loans for the issuing lender.

Jumbo & High Balance

For loan amounts in excess of $$647,200 on up, with either fixed or variable rate options, underwriting guidelines will vary widely among lenders. Those consumers in need of a Jumbo or High Balance loan will be well served to work with a broker that has numerous sources for these loans.

ODVA

Mid Oregon Lending, inc has partnered with Oregon Department of Veterans Affairs to finance homes in Oregon for eligible Veterans. The ODVA loan follows conventional underwriting guidelines but offers subsidized interest rates oftentimes lower than conventional loans. If you an a Veteran living in or moving to Oregon, the ODVA loan may be a viable option.

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VA

Mid Oregon Lending, Inc is proud to offer VA loans for the men and women that served or are actively serving our country. VA loans do not require a down payment, are available on most property types, have fixed or variable rate options from 10, 15 to 30 year terms and attractive interest rates. Like FHA, VA loans have more lenient qualifying criteria in terms of credit history and debt to income ratios and are an attractive option for veterans not wanting to put a large percentage down. If you are a Veteran, Thank you for your service!

USDA Rural Development

The United States Department of Agriculture insures Rural Development (RD) loans for moderate income households in rural areas. Qualifying criteria for RD loans are similar to FHA loans, and are available with 0% down. RD loans require mortgage Insurance and are available to finance homes only in areas deemed “Rural” by each local USDA jurisdiction, for those borrowers whose incomes do not exceed their county limit.

To find out if your area and household income may qualify for RD financing contact us.

Click Here to send an E-Mail or Call Us 541-749-0749

Fannie Mae Home Renovation Loan

A unique product that is designed to finance not only the purchase of a home, but also will allow the home buyer to include the costs of certain upgrades, improvements, or remodeling into the Loan. This is a great product for someone buying a “fixer upper” or one in need of updating or renovation as the need for a separate construction loan or equity product after closing to make those improvements is not necessary.

Construction & Land Loans

While we don’t currently offer financing for bare land or construction, we can offer permanent financing when your home is complete.

Services for Sellers

Before you sell your home, make sure that your finances are in order. Getting pre-approved for a mortgage before you list your home means no surprises and that you’re better prepared for your next purchase.