Options Financial Residential Mortgage
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Options Financial Residential Mortgage
The STaR mortgage program helps our educators, first responders, and correctional officers save some hard earned cash. We weren't sure how to cover the down payment until my brother told me about 100% Mortgage Financing with the Chenoa Fund. When we moved to Washington, we used the Keys on Time program with SecureLock and got into our new home lightning fast!

The JUMBO Loan program is available for individuals to wish to receive a loan greater than $417,000. A Federal Housing Administration (FHA) Loan can be used to purchase and refinance a home. This type of loan is available with an adjustable rate or a fixed rate at 10, 15, 20, 25, or 30-year terms. To qualify for a Veterans Association (VA) Loan, you must be an eligible veteran or member of the armed services.

VA Loans can be used for the purchase or refinance of a home. A Reverse Mortgage is available to homeowners 62 years of age and older who wish to purchase or refinance a home. With a Renovation Loan, extra funding is allotted toward home improvement in addition to the initial amount of a purchase or refinance loan.
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The real estate market is a dynamic place.
New developments are always taking shape, and it can be difficult to make sense of it all.
That's where Options Financial comes in.
Our goal is to make your home buying experience painless, enjoyable, and rewarding, every step of the way.
After all, buying a home is nothing to take lightly.
If you're like many homebuyers in the Portland area, it may be the single largest investment you'll ever make, and your mortgage may be the most crucial financial instrument you have to your name.
Options Financial Residential Mortgage is committed to providing our clients with options that are tailored to meet their needs.
We are here to support you in your efforts toward successfully owning real estate as a home, a vacation spot, or an investment.
There are many loan options available, each one distinctive from the others.
We invite you to click through the loan options that apply and appeal to your needs, or give us a call.
We would love to aid you in strategically selecting your loan.
In the most simple terms, a conventional home loan, or mortgage, is a loan sourced directly from a financial institution to a homebuyer and can be used for either purchasing or refinancing a home.
This type of loan is available with either an adjustable interest rate or a fixed interest rate at a term of ten, fifteen, twenty, twenty-five, or thirty years.
A conventional home loan is not backed or insured by any government institution and is typically favored by borrowers with good, established credit and the funds to put up a significant down payment-typically 20% of the purchase price or more.
A JUMBO loan, by definition, is any loan that exceeds the maximum amount allowed by the two federally backed loan holders, Freddie Mac and Fannie Mae.
These loans can help borrowers with good credit and available resources to purchase larger properties, luxury properties, and properties located in markets with high home prices where a portion of the entire loan amount is coming from another investment firm.
JUMBO loans have been associated with both the housing bubble and the collapse of the housing market in the run up to the Great Recession.
Thomas Jefferson was a firm believer in the power of home ownership to lift people out of poverty and to give them enough security so that they might be able to pursue life, liberty, and happiness.
This, after all, has become the cornerstone of the American Dream.
The federal government has made it a point since 1934 to help American's realize the dream of home and property ownership by offering loans with competitive interest rates, and lower than conventional down payment requirements.
For many years, these loans have been offered through the U.S. Department of Housing and Urban Development's (HUD) Federal Housing Administration, FHA.
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