FHA loans are an attractive option, especially for first-time homeowners:

• Generally easier to qualify for than conventional loans.
• Lower down payment requirements.
• Cannot exceed statutory loan limits.

 Only 3.5% down ~ Including 2-4 unit Properties!

• Loans up to $418,750 - Portland Metro - Single Family
• Duplex = $536k / Triplex = $648k / 4-Plex = $805k
• O/O Borrower qualifies with 90% of Rents on units.
• 6% Seller Concessions Allowed. (Buyer Closing Costs)
• 100% Gift Funds Allowed from Family Member.
• Low Fico Score ~ OK with 620 or above.      
• Declining areas ~ OK with FHA.
• Cash Reserves ~ Not required with FHA. (1-2 units)
• 1 Year Self Employed ~ OK with 2 year’s experience.
• Open C-13 BK ~ OK with one+ year payment history.
• Non Occupying Co- Borrowers ~ OK to Co-Sign.
• Student with low/no income ~ Parents can qualify.
• Up to 95% Cash-out Refinance allowed.
• FHA Loans are Assumable to qualified borrower.
• FHA loans allow for “Streamline” Rate Reduction