Buying in Central Oregon can look very different from one community to the next. Whether you are searching in Bend, Redmond, Sisters, La Pine, Sunriver, or the surrounding area, NW Capital Mortgage helps Central Oregon homebuyers sort through your loan options before you make an offer.
Where you buy in Central Oregon can affect your financing options. Homes in Bend and Redmond may command a higher price, while a property in La Pine or another outlying area may be eligible for a USDA loan.
How you plan to use the home also impacts the best loan for your property. A Sunriver property, for example, may be purchased as a primary residence, a second home, or an investment property, and those uses can come with different mortgage requirements.
If you're relocating to Central Oregon from elsewhere in Oregon or from Washington, NW Capital Mortgage can help you work through the financing before you move. Because we're licensed in both Oregon and Washington, we can help you make a homebuying plan.
Central Oregon buyers may be able to use conventional, FHA, VA, USDA, jumbo, or other financing depending on their qualifications, loan amount, property, and purchase plans. Qualified buyers may be able to use Oregon down payment assistance .
You do not need to choose a loan program before you get pre-approved. We can compare the options based on the property, loan amount, and your goals.
Conventional loans can work for primary homes, second homes, and some investment properties.
FHA loans can be a good fit for buyers who need more flexibility with down payment or qualifying requirements for a primary residence.
VA loans can offer eligible military borrowers significant purchase benefits on a primary residence, including the option to buy with no required down payment.
USDA loans can provide 100% financing for eligible buyers and properties. In Central Oregon, you must check the specific property address for eligibility. USDA loans are also for primary residences only.
You may need jumbo financing when the loan amount exceeds the applicable conforming limit. NW Capital Mortgage can help you choose an excellent Jumbo loan from our many Jumbo loan options.
Possibly. USDA financing can provide 100% financing for eligible buyers and properties, but the specific property address must qualify.
That can make USDA worth exploring for some homes outside Central Oregon's more urbanized areas. Eligibility cannot be assumed based on the city or community alone, so we'll check the property and areas you're looking at.
Start Your Pre-ApprovalYes. Qualified Central Oregon buyers may be able to pair the Oregon down payment assistance program with an eligible first mortgage.
NW Capital Mortgage is an OHCS-approved lender and can help you evaluate programs such as FirstHome and NextStep alongside your primary mortgage.
A homebuyer in Bend wants to buy their next home without having to use the proceeds from the sale of their previous home for a down payment. We can use the Oregon Flex Lending NextStep program to cover their down payment. By working with the realtor to have the seller pay most of our client's closing costs, we can virtually eliminate the need for the homebuyer to use any of their assets to purchase the home.
Every transaction is different, but this example shows why it helps to evaluate the mortgage, available assistance, and closing costs together.
Oregon DPA ProgramsIn Central Oregon, you may be considering single-family homes, condos, manufactured homes, primary residences, a second home, or even an investment property. Each property type can affect your loan options.
Probably. Manufactured home financing depends on the home, the land, and the loan program.
Some programs allow eligible manufactured homes on real property, including certain Oregon Flex Lending options. Because the requirements differ from a traditional home purchase, it is important to review the property early. We also have options for manufactured homes in parks or on rented land.
Yes, you can finance a second home in Central Oregon, but lenders treat a second home differently from a primary residence or an investment property. This question comes up often for buyers in places such as Sunriver, where owners may not plan to occupy their properties full time. We have helped many clients purchase second homes in Oregon.
Buying in Central Oregon brings together a lot of moving pieces: the property, the loan amount, how you plan to use the home, what you want to keep in savings, and whether assistance could help with upfront costs.
NW Capital Mortgage helps you look at those pieces together. We offer a broad range of mortgage options, are an OHCS-approved lender, and can evaluate Oregon down payment assistance alongside the first mortgage when it makes sense.
We are also licensed in both Oregon and Washington, which can be especially helpful if you're relocating to Central Oregon and want to start planning the financing before you move.
If you're considering a home in Central Oregon, we can help you figure out the financing before you're ready to make an offer. Start with a pre-approval, or talk with Chris about the property and what you're trying to accomplish.