Loan Products
Please contact us to determine which loan is right for you
CONVENTIONAL | CONFORMING LOANS
Purchase, investment, & 2nd home
Rehab
Loans under $726,200
As low as 3% down
Reduced private mortgage insurance
Competitive rates
With 5 years self-employment – Only 1 year recent tax returns required
FHA LOANS
Lower standard interest rates
3.5% down payment
Gift funds allowed
FICO down to 580
Manufactured homes
JUMBO LOANS
Loans above $726,200
Starting at 10% down
No private mortgage insurance
Reduced reserve requirements after closing
JUMBO LOANS WITH 1ST-2ND COMBO LIEN
No reserves required for the primary residence as the subject property
All-gift down payment for primary and second home transactions
Flexibility of Fannie Mae and Freddie Mac guidelines on your first mortgage
Up to 89.99 LTV/CLTV jumbo loan amounts with one submission package
FHA RENOVATION LOANS
Standard: intended for more complex projects that involve structural changes to the home
This option is used if engineering or architectural drawings and inspections are required.
Repair amounts — minimum $5,000 — no maximum
Limited: designed for less expensive improvements that do not require a consultant, architect or engineer.
Repair amounts — No minimum – maximum — $35,000
VA LOANS
Veterans, military members currently serving in the U.S. military, reservists and select surviving spouses
No down payments (unless the purchase price exceeds the reasonable value of the property)
No private mortgage insurance
Competitive interest rates
USDA LOANS
No down payment required
Use gift funds from family or non-family members to pay for closing cost
Not limited to first-time homebuyers
Income and geographic restrictions apply
BANK STATEMENT LOANS
Borrowers with good cash-flow that may have high expenses or tax write-offs
12-24 month bank statements
No tax returns needed
HOME EQUITY LINES OF CREDIT
Tap into available home equity
Interest only repayments
Flexible terms
STATED INCOME LOANS (INVESTMENT PROPERTY)
No income documents required
Cash flow using net rent on investment property
REVERSE MORTGAGES
Access to the unencumbered value of the property
Line or fixed loan available
Must be 62 years of age or older
Take funds in a lump sum, line of credit or via structured monthly payments
CHATTEL LOANS
Manufactured homes located in parks
Down payments options starting at 5%
Credit score as low as 575
10, 15, 20 year terms
Contact us for more information or to apply for a loan
CONTACT
PORTLAND
1834 SW 58th Ave
Suite 104
Portland, OR 97221
Office: 503-222-6404
Fax: 503-296-5574
EUGENE
74 E 18th Ave #2
Eugene, OR 97401
Office: 541-485-3000
Fax: 541-485-0976
American Home Funding – a DBA of Chelgren & Associates, Inc. | NMLS #278408
Equal Housing Lender – NMLS Consumer Access
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