buying with a small down payment

Buying with a small down payment in Bend, Oregon

The needs of those who don’t have a large amount of money for a down payment are similar to first time home buyers.  We use many of the same loan products but more often than not, we will structure the loan differently.  I can match you with the right loan and structure the financing so you can buy a house sooner.


No two  home buyers are the same so the best loan will be based on your individual buyer profile.  The best loan will be highly specific to your individual situation.  This is especially true if you are buying with a small down payment in Bend.  We have all the tools to meet your needs.  Furthermore, we have the flexibility to structure loan with lender credits to fit the amount of funds you have available.  We can even work with your Realtor to help them make an offer to best fit your needs.

HomeReady and Home Possible

Pros: 3% Down payment, Reduced mortgage

           insurance, and Flexible qualifying.

Cons: Income limits in most areas.


FHA Loans

Pros:  3.5% Down payment, Generous lender


Cons:  Mortgage insurance can’t be dropped


USDA Loans

Pros:  0% Down payment, Good rates, and                  reduced mortgage insurance.

Cons:  Can’t be used in all areas.



Conventional Loans

Pros:  3% Down payment, good rates,                          Mortgage insurance can be cancelled

Cons:  Best for well qualified buyers


VA Loans

Pros:  0% Down payment, good rates,                          flexible qualifying

Cons:  Only for current or former military