PRM brings our customers two more exciting loan options to our array of mortgage solutions; the Oregon Bond Rate Advantage Program and the Cash Advantage Program. Highly recommended for first time home buyers, these Oregon Bond Programs offer below market interest rates which transitions to lower monthly payments and long term interest savings.
Oregon Bond Program in summary:
- Rate advantage = below market interest rates, as little as 3% down payment
- Cash advantage = low interest rate, with 3% grant for closing costs and prepaid items
Both options help eligible buyers to increase their home purchasing power and lower their monthly house payments for greater affordability. We work closely with home buyers from start to finish to determine which loan program best suits their needs; whether USDA, FHA, or conventional loans.
There are no first-time home buyer classes required (though recommended). However, there are income and purchase price limitations. To view limitations click on these links: income limitations ; purchase price limitations.
Both programs provide great advantages for your clients to be able to get into the home they love without the worry of how they’ll purchase that home of their dreams.
What is the first step?
Give us a call! We can help your buyers get pre-approved before they begin their home search. We would love to guide you and your clients on the road to getting into their perfect home.
Click here for a detailed Oregon Bond product flyer.