Oregon Bond Mortgages
100% financing on these loans.
Oregon Bond loans provide some of the lower interest rates in the industry. The only downfall to this program is there is an equity recapture. This means that if you sell the home (or refinance) in the first ten years years of ownership, you may have to pay some of the equity growth to the government. This is not a bad thing,just something to e aware of.
The Bond program must be "wrapped" around another program like FHA or USDA and the underlying program determines what is types of property are allowed, and what conditions need to be met.
