Loan Programs

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 most successful loan.

Click on the loan programs below to get a closer look.

The JUMBO Loan program is available for individuals to wish to receive a loan greater than $417,000.Learn more

  • Requires lower debt-to-income ratios
  • Requires higher credit scores
  • A variety of options regarding loan term and other variables

 

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. Learn more

  • Down payment can be as little as 3.5%
  • Upfront and Annual Mortgage Insurance must be obtained
  • Highest cost of Mortgage Insurance when compared to all other loan types

 

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.Learn more

  • Require no money down
  • Minimally impacted by credit issues
  • Mortgage insurance varies based on the borrower’s specific eligibility

 

A Conventional Loan can be used for purchasing or refinancing a home. This type of loan is available with an adjustable rate or a fixed rate. Learn more

  • Adjustible or fixed rate.
  • Low down payment
  • Purchase or refinance

 

Make home financing more accessible and improve the home purchasing experience. The HAP program is available only for eligible employees of participating companies. Learn more

  • $695 credit toward loan processing
  • Free credit report & analysis
  • Zero down financing options

 

A Reverse Mortgage is available to homeowners 62 years of age and older who wish to purchase or refinance a home. Learn more

  • Get a cash advance or a monthly disbursement
  • Outstanding principle owed will increase each year
  • No monthly mortgage payment

 

With a Renovation Loan, extra funding is allotted toward home improvement in addition to the initial amount of a purchase or refinance loan. You can use this loan for a home you want to buy and remodel. Learn more

  • Improve the interest rate compared to your prior loan
  • Higher interest rate
  • 203k Loan options available

 

With a Construction Loan, you can acquire the funds you need to build a new house. This type of loan program generally comes with a higher interest rate. Learn more

  • New home construction
  • Construction only loans available
  • Construction to permanent available

 

An Oregon Bond is a loan program available to Oregon residents who wish to purchase a new home. This Conventional or FHA loan program has two advantageous options. Learn more

  • Guarantees payment of your loan on your behalf if you fail to repay
  • Subsidized by the state of Oregon
  • Reduce your transaction fees or receive a lower interest rate on your loan

 

Taking out a Second Mortgage allows you to access cash from the equity in your home. Second Mortgages are placed simultaneously. Learn more

  • Finance a home improvement or an educational advance
  • Interest paid on these loans may be tax deductible
  • Very few lenders are offering Second Mortgages

 

A United States Department of Agriculture (USDA) Rural Development (RD) Loan can be used for the purchase of a home as well as refinancing an existing RD loan. Learn more

  • Fixed rate term of either 15 or 30 years
  • Only available in specified low-density population areas
  • Restricts the borrower from owning another property

 

A Home Affordable Refinance Program (HARP) Loan is intended for the refinance of a home. For approval of this loan, the homeowner’s note must be owned by Freddie Mac or Fannie Mae. Learn more

  • Available even if you owe more on your house than it is worth
  • Refinance if your house is under water
  • Must be current on the mortgage with a good payment history in the past year

 

If you can dream it, you can make it a reality. With our Dream Home Renovation program, you can buy the property that needs some renovation. Learn more

  • Create your dream home instead of buying someone else’s
  • The loan amount is based on future assessed value of home
  • Take advantage of properties in great locations that need renovation

 

Self-employed borrowers can qualify for a mortgage loan with supporting bank statement documentation with our Income Solutions program. Learn more

  • Minimum FICO – 660
  • Max DTI- 45%
  • Max LTV- 75%

 

Welcome to the 18-day Close with your offer backed by the purchasing power of a full loan approval. Learn more

  • Over 90% of owner-occupied homes qualify
  • First-time and move-up homebuyers are eligible
  • Single-family, condos, investment, second-homes

 

At Options Financial Mortgage our mission is to give all our clients the power of knowing by presenting all the options available when it comes to purchasing or refinancing a home. Learn more

  • Buyers must not have owned a home in the previous three years.
  • Buyers must meet income and purchase price restrictions.
  • Buyers must intend to use the new home as a primary residence.

 

Lock your rate and secure peace of mind. With our SecureLock programs, you can lock in today’s competitive rates while you shop for a home, sell your home, or while your home is under construction. Learn more

  • Lock in your rate while you shop for a home
  • Lock in your rate while you sell your home
  • Lock in your rate while your home is under construction

 

A competitive advantage on the home you are listing. With our Seller’s Edge program, attract more buyers and sell your home faster by offering closing cost credits. Learn more

  • Combine with our SecureLock Program, so that you can lock the interest rate on your next home purchase even before a new property is identified or built*

 

A mortgage program dedicated to saving our selfless teachers and first responders a little money on their home loans. Learn more

  • Save up to $500 in reduced Lender Fees for qualified Teachers and First Responders
  • Can be combined with Down Payment Assistance which permits gift funds to be used for 100% of the home purchase down payment

 

  • Options Financial Residential Mortgage division of American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to insure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to
    change without notice.

    This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity.

    Privacy & Security | NMLS Consumer Access
    NMLS 829593 / 1850 Licensed in CA, OR and WA | Licensed by the Dept. of Business Oversight under the California Residential Mortgage Lending Act

    © Copyright 2016 - Options Financial Residential Mortgage

  • Oregon Office:
    8625 SW Cascade Ave., Ste. 270
    Beaverton, Oregon 97008
    503.643.5220


    Washington Office:
    803 Vandercook Way Ste 6E
    Longview, WA 98632
    360.636.5803

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