Portland Home Buyers...
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We Can Help You Save $1,000’s On Your Next Mortgage! Just click the button below to get started.
20+ Years Helping Portland Oregon Clients Save $1,000’s On Their Mortgages!
Want To Save $1,000's On Your Mortgage?
Without having to shop around & call multiple lenders?
We Negotiate Better Rates, So You Pay Less.
We believe every homeowner deserves the best deal possible. That’s why we go beyond the basics, leveraging our expertise and industry connections to negotiate mortgage rates tailored to your financial goals. While others settle for standard rates, we dig deeper, securing terms that save you thousands over the life of your loan.
Trust us to make your home financing as affordable as it can be.
One Application.
Multiple Lenders.
Maximum Savings.
Why juggle multiple mortgage applications when one is all you need? With our streamlined process, you fill out a single optimized application, and we take it from there—shopping your profile to our extensive network of trusted lenders.
This saves you time, eliminates the hassle, and ensures you get the best possible rate and terms. Let us do the heavy lifting so you can focus on what matters most: saving money and securing your dream home.
Get Personalized One-on-One Mortgage Help.
Navigating the mortgage process can feel overwhelming, but you don’t have to do it alone. With our personalized one-on-one service, you’ll work directly with an experienced mortgage expert who understands your unique needs and goals. From answering your questions to finding the best loan options, we’re here every step of the way to make the process simple, clear, and stress-free. Get the guidance you deserve and the mortgage that fits you perfectly.
If you want help getting the best rate and best terms possible from someone local that will guide you through every step of the mortgage process, then you are in the right place.
Find out how much you qualify for!
Which type of loan do you need?
See why we are the top ranked Portland Mortgage Broker.
TRADITIONAL MORTGAGE LENDER
NEW WAY WITH
NEO Home Loans
30-40 day close window
Fast Funding: Neo: can close in 7 days
Only concerned with mortgage and selling you debt
Long term wealth strategy and partnership for successful homeownership
Its on you to understand how to take advantage of mortgage market opportunities
We proactively track the market for each client’s optimal future strike rate
Old Legacy Technology
Best in class custom tech platform that drives down our cost to create mortgages
Traditional Pre-Approval Letter
“Bulletproof Buyer” strategy that is fully underwritten and designed to compete with cash
Culture focused on “units closed”
Culture of “families served” and ongoing financial education
Has a mortgage license – knows how to close a loan
Neo: additional professional credentials: Certified Liability Advisor – knows how money really works and gives valuable context and advice.
Still Not Sure?
Check out what our clients have to say about
working with us.
Mortgages can be stressful. We make getting the best mortgage possible easier.
Schedule your free, no pressure, mortgage strategy call today!
Get a personally optimized mortgage application for free that will save you a lot of time and money.
James Adair - Mortgage Professional & Team
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Trusted Portland Mortgage Brokers
As trusted Portland mortgage lenders we help you build wealth faster with smarter borrowing decisions.
Portland Mortgage Lender:
– FHA Loan Features
An FHA loan is an incredible option for many individuals. Many people think of these as a first-time buyer program, but an FHA mortgage is by no means reserved strictly for first-time buyers. Let’s start with the basics before we get to some of the key FHA benefits and FHA pitfalls.
What is an FHA loan?
The FHA is insured by the Federal Housing Administration (hence the name), and was designed by the federal government to stimulate home ownership.
What does an FHA loan borrower look like? Well, that depends…
The program has flexible guidelines for approval, and the current FHA loan down payment minimum (3.5 percent down) is one of the lowest out there. The FHA loan requirements are also exceedingly flexible in comparison to other mortgage options. In fact, in some borrowing scenarios, a client might only qualify for a FHA loan.
What’s the minimum credit score for FHA loans?
The FHA is often the best — and sometimes only — available option for a borrower who has low or mediocre credit. Similarly, an FHA loan may be the only option for a borrower with a major derogatory credit episode in the past. Fortunately, FHA loans offer financial forgiveness. For example, an individual currently in chapter 13 bankruptcy, 24 months out of chapter 7 bankruptcy, or more than 36 months out of foreclosure, can still qualify for an FHA mortgage.
Do you have less than stellar credit? No problem. While many mortgage lenders cap the FHA credit score at 620, at Portland Home Loan, even with a credit score as low as 580, an individual may still qualify for an FHA loan. In the event of a total absence of credit history, the FHA allows individuals to qualify with “alternative credit.”
The debt-to-income ratio (DTI) is also a determining factor for loan qualification, and the FHA allows for expanded DTI ratios. While many lenders’ guidelines tend to set a cap at 45 percent DTI, the FHA routinely allows for DTI up to 55 percent and even 56 percent in some extreme cases.
Nonetheless, the FHA loan program does have a few downsides to consider before making a decision. With an FHA loan, mortgage insurance is always required. Furthermore, if there is more than 20 percent equity in the property, FHA mortgage insurance will always be charged. Period. The upfront funding fee and the FHA mortgage insurance are defining hallmarks of the FHA loan program.
Currently, the FHA mortgage insurance premium is always present on the loan, and this FHA mortgage insurance is part of the loan for the entire term of the mortgage. This is just the way the system is currently set up, and the only way to get rid of the FHA mortgage insurance is by refinancing to a non-FHA conforming loan. (At the time of this writing, these FHA PMI guidelines are subject to change annually.) Even though the cost of the mortgage insurance premium over time is comparatively high, the rates on the FHA program usually are below what you will see with conventional programs.
Mortgage Brokers Portland:
-VA Loan Features
VA Loan Benefit Veterans & Active Duty Service Members
PDX Home Loan is proud to serve active service members, veterans, and family members! I come from a line of Navy veterans, and my grandfather was even a Pearl Harbor survivor!In today’s market, a VA home loan is arguably one of the best mortgages a borrower can obtain. That’s because a VA home loan is a “true” zero money down program. Furthermore, because the loan is insured by the department of veteran affairs, mortgage insurance is not collected as part of the monthly payment. This sets the VA home loan program apart from the FHA loan program. However, a VA home loan does include a funding fee that is paid at closing time.
The VA home loan funding fee represents a percentage of the overall loan amount (and subsequently your monthly payment). This fee sum varies depending on the loan type, your military service category, and other factors. For example, a first-time VA benefits user will be charged a 2.125 percent funding fee on the total loan amount. This fee increases to 3.3 percent of the loan amount for subsequent uses of the benefit. (It’s important to note that there are situations in which the VA home loan funding fee is waived entirely.)
Spouses of fallen service members may qualify for VA home loan eligibility as well. Swing by our office to learn more about VA home loan requirements and VA loan limits today!
Jumbo Loan Features
Fannie Mae and Freddie Mac guidelines are restricted to mortgages with origination balances below a determined “conforming loan limit.” Jumbo loan limits — applying to loans often known as “non-conforming” loans or simply “jumbo loans” — exceed these conforming loan limits.
These non-conforming loans are semantically dubbed as such because they simply do not conform to normal lending guidelines. Jumbo loans operate outside of the familiar Fannie Mae system. Simply put, it’s a whole new ball game. Some borrowing scenarios can be rather complicated, and a jumbo mortgage can be a tremendous tool in some situations, however, these loans often come with a more arduous underwriting process.
Borrowers seeking a jumbo loan often have multiple properties, businesses, and ownership entities. As a result, the documentation is much heavier and more complex. There is a very narrow margin of error here. The realm of the jumbo loan is far less standardized than conforming loans and requires professional guidance.
Our experienced jumbo mortgage loan professionals can proactively identify pitfalls and complications in the documentation. Similarly, we can assist with matching the borrowing scenario to an ideal loan at the most efficient cost.
FHA Loan Features
An FHA loan is an incredible option for many individuals. Many people think of these as a first-time buyer program, but an FHA mortgage is by no means reserved strictly for first-time buyers. Let’s start with the basics before we get to some of the key FHA benefits and FHA pitfalls.
Across the country, various cities offer special programs as an alternative pathway to homeownership. For example, the city of Portland, Oregon offers a few programs through the Portland Housing Bureau (PHB). Similarly, there are certain first-time home loan programs that are also state-specific (such as the Oregon Bond loan program), while other programs are available nationwide (i.e. the NHF grant program).
Oregonians seeking a first-time home loan could qualify for thousands of dollars in funds to use toward a mortgage down payment or closing costs. The Oregon Housing and Community Services initiative awards up to $15,000 in funding to home loan buyers who have completed the necessary homeownership education program.
Many first-time home buyer loan programs function to offer homeownership opportunities to individuals and families at the lower end of the income spectrum. It’s important to note that all first-time home buyer programs have income brackets in place. Again, these guidelines are exceptionally difficult to navigate alone. Feel free to contact us to see if you qualify for a great first-time home buyer loan in your city or state!
