The Freddie Mac Lakeview Loan

The Freddie Mac Lakeview no Ml program is a conventional loan product option that allows you to have buying power without the added monthly cost of mortgage insurance (Ml).

Some of the key program features include:

• Eliminates the requirement for Ml prior to closing

• Available for purchases and rate/term refinances

• Primary residences and second homes with a minimum FICO 620

• Purchase only investments with a minimum FICO 680

• All standard Freddie Mac underwriting guidelines apply

• Available for LTV’s between 80.01-97%

Home Advantage “Needs Based”

Up to $10K as needed with a 1% interest rate.

Home Advantage DPA

Up to 4% of the loan amount.

Home Advantage Conventional

Up to 5% of the loan amount, conventional only.

Tacoma Down Payment

Up to $20K, for designated area’s only. $1000 down payment. HQS inspection required.

Pierce County DPA

Up to $24,900 – doesn’t apply to city limits of Tacoma, Lakewood, Auburn, Pacific or Bonney Lake. $1000 down payment. HQS inspection required.

Home Choice

Program for families with disabilities up to $15K DPA, 1% interest.

House Key VA

Up to $10K for down payment assistance at 3% interest rate. Need based only.

House Key Opportunity

$10K – lower rate option with assistance.

House Key Plus ARCH

For East King County homes. Up to $30K toward down payment assistance. 4% simple interest, no payment for 30 years. Shared appreciation on loan, meaning portion of equity could be owed back.

House Key Plus Seattle

Must be within the city limits of Seattle. Minimum of 1% as down payment from the borrower, up to $45K for the down payment assistance. Shared appreciation on loan, meaning portion of equity could be owed back.

Oregon Bond Residential Loan Program

Helping first time homeowners achieve their housing goals. Oregon Housing and Community Services (OHCS) helps Oregon households buy a home by providing below-market rate financing and cash assistance through the Oregon Bond Residential Loan Program. The program offers a below-market interest rate which helps eligible families increase their home purchasing power and allow for lower housing payments.

• Hard-to-beat below market rates

• Long-term interest savings

• Maximize purchasing power

• No prepayment penalty

• Lower monthly payments

Each loan program has specific guidelines in regards to income limits and qualifications. Property types allowed: Single Family Residences, Warrantable Condos and Manufactured Homes.