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Loan Programs

Northwestern Home Loans is an industry leader, offering innovative mortgage products and rates. Our commitment to training and education allows us to be the experts for any loan scenario. Below you will find a list of the available loan products we offer. Please let us know if you do not see the product you are looking for as we strive to be your one stop shop for all your mortgage needs.

USDA (100% LTV)

A 30-year fixed only loan available with 100% loan to value. No monthly mortgage insurance is required and the rates are comparable to a conventional 30-year fixed product. This loan is designed for people that do not own another home, but some exceptions can be made for relocations. Must be the primary residence.

VA (100% LTV)

Fixed and ARM options available with 100% loan to value and  monthly mortgage insurance. Veterans that receive VA disability benefits qualify for a reduction in cost. Rates are comparable to a conventional 30-year fixed product. This loan is available when purchasing or refinancing, but must be the primary residence. You are allowed to own other homes and Federal and State of Oregon programs are available.

FHA (96.5% LTV)

Fixed and ARM options available for a purchase or refinance. You must be the primary residence, but owning other homes is allowed. Interest rates are comparable to 30-year fixed programs. Low credit scores, high debt to income ratios, 2 years from bankruptcy, 3 years from foreclosure/short sale and co-signers allowed.

CONVENTIONAL (97% LTV)

Fixed, ARM and interest only options available. as little as 3% down on primary home, 10% down on 2nd home and 20% down for investment property required. 2 years from a short is allowed with as little as 20% down.

FANNIE MAE REFI PLUS

Fixed and ARM options available. Please call for details.

FREDDIE MAC OPEN ACCESS

Fixed and ARM options. Available only for refinance and needs to be up to 125% of the home value. No mortgage insurance required.

FHA 203K REHAB LOAN

Fixed and ARM options available. Unlimited upgrade and rehab funds can be rolled into the loan. FHA qualifications apply.

MANUFACTURED HOMES

FHA or Conventional loans available with fixed only rates. The home must be 1976 or newer.

INVESTMENT PROPERTY LOANS

A conventional loan with as little as 20% down payment. Properties eligible for Fannie Mae Homepath financing only need as little as 10% down. Visit www.homepath.com to find out property eligibility.

COMMUNITY GRANT PROGRAMS

Call for details.

NEIGHBORHOOD STABILIZATION PROGRAMS

Call for details.