Up to 102% Financing Program

Here are the highlights:

Slightly higher up-front mortgage insurance and a low monthly MI fee keeps the monthly payment lower than FHA financing, even with no down payment!. Finance the full appraised value plus the 2% up-front Mortgage Insurance for a total of 102% of the appraised value.
Seller may contribute up to 6% of the purchase price toward closing costs and/or prepaids.
100% gifting permitted for all closing costs
No post-closing reserves requirements.
NOT limited to First-Time Homebuyers.

To Check your Eligibility for this Program

The property must be located in a rural area as defined as outside city limits of towns with populations of 25,000 or greater. Refer to the area map - CLICK HERE to view area maps or to look up an address.
Household income must be within allowable range. There are allowances that are factored including; number of people in the household, ages, disability, students, child care expenses, etc. CLICK HERE to check your income eligibility. (This program requires using Internet Explorer browser).

Rural areas outside the metro	Families of less than 4	Families of 5 or more
Portland/Vancouver/Beaverton	$82,800	$109,300
Salem	$74,050	$97,750
Eugene/Springfield	$74,050	$97,750
Corvallis	$82,800	$109,300
All other areas	$74,050	$97,750