Bend Oregon Real Estate

Bend Oregon Home Loans, Mortgages and Financing

 

There are several home loan options available when you are looking to purchase a home in Bend Oregon. If you would like to receive home loan information about several lenders in the Bend area call or e-mail us and we will provide you with the means to contact several proven lenders that specialize in the Bend market.

Let us know the type of home loan you are looking for and we will send you in the right direction. Some lenders specialize in Jumbo home loans. A jumbo loan in Central Oregon is any loan amount over $417,000. Jumbo loans generally have slightly higher interest rates.

If you are looking for an FHA loan you only need 3% down payment and the seller can pay your allowable loan fees, closing costs and pre-paids. FHA also has a program where you can finance fix up cost into the loan. It is a more complicated process however.

Conventional loan rates are best when you put down 20% of the purchase price or more. Lender are not at risk as much as with a small down payment. A smaller down payment requires mortgage insurance which insures the lender in case the borrower defaults. Mortgage insurance raises your monthly payments.

Adjustable rate mortgages may soon be a thing of the past. Adjustable rate homes loans and sub-prime loans were one of the reasons of the financial crisis in last 2008. Adjustable rate loans start lower than a conventional rate loan but usually bump up to a higher rate. Adjustable rate mortgages are not recommended by Bend Oregon Real Estate Expert.

Again, please feel free to give us a call to discuss the different home financing opportunities in Bend. Now is a great time to buy a home! Of course we would like to represent you in the purchase of your home in Bend.

We have the knowledge, experience and professionalism to help you find a great home, negotiate a great price and obtain the best financing available. Our services are free to you. The sellers pay our commission.

Bend Oregon Real Estate

As a Certified Residential Specialist - the residential real estate industry’s most advanced “degree,” My knowledge of the market will help save you time and money when you’re buying a home house or increase your profit when you’re selling one. Call me, Jim Johnson, at 541-389-4511 for a confidential, no-obligation consultation. I would like to be your Bend Oregon Real Estate Agent.

I have lived in Bend since 1981 and know the market well. Dad and I have been partners in real estate since 2003 and provide quality service for our clients. Call me, Matt Johnson at 541-480-2153 for a confidential, no-obligation consultation. I would like to be your Bend Oregon Real Estate Agent.

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Jim Johnson Certified Residential Specialist Your Bend Oregon Real Estate Agent