Welcome to: Mid-Valley Mortgage = Excellent Service
Mid-Valley Mortgage for the Lowest Loan Rates and Fees
Over 40 years experience offering great individualized service and
the best Real Estate Loan products in the Willamette Valley

Two convenient offices:
12570 W. 89th Place, ALBANY, Oregon 91121
e-mail us   or Phone: (503) 999-0000
32845 N Polk St. CORVALLIS, Oregon 90730
e-mail us   or Phone: (503) 999-0000

We work to keep it a Simple Process:
click here for step 1 Learn about loan types click here for step 2 Contact us to help you
  we welcome your questions
click here for step 3 Begin Free PreApproval
  through secure server
We also offer the following:
click here to learn more about Mid-Valley Mortgage More info about us click here for current interest rates Current Interest Rates click here for handy payment and amortization calculators Payment/Amortizing Info
click here for the full Loan Application form print-off, send-in version Loan Form to "Print & Send" click here for other important sites Realtors & other Services click here for the secure on-line full Loan Application form Secure on-line Full Loan Form

We offer all these excellent Loan types to top of page
Name of Loan (click for details): Brief description
Purchase and Refinance Loans: Conventional Loans for Initial Purchase or Refinance
First Time Home Buyer: Oregon State Bond Loan for 1st Timers
Combo Loans: Combined 1st+2nd Loan-low down, low payments
Flex 97 Loans: Only 3% down, flexible terms and few limitations
NonConforming & 100% Financing: No down, tolerant of blemished credit, easy qualification
VA Loans (Federal and State): Excellent terms for Veterans (see details for differences)
ARM Alternative: Adjustable Rate, easy qualification, rate changes limited
Construction Loans: For Purchase, Construction, and Manufactured Homes
Rural Housing Program Loans: Guaranteed Rural Program with no down
BENEFITS AND REQUIREMENTS   return to List
Down Payment Mortgage Insurance Rates & Limits Closing Costs Credit Rating
Debt Ratio
Who & What
 
Purchase and Refinance   return to List
Down Payment Mortgage Insurance Rates & Limits Closing Costs Credit Rating
Debt Ratio
Who & What
If non-owner occupied 10% down Typical mortgage insurance Fixed and Adj. rates, Jumbo products Typical closing costs Typical good credit needed 1-4 units, condos, mfg'd homes, second homes
 
First Time Home Buyers   return to List
Down Payment Mortgage Insurance Rates & Limits Closing Costs Credit Rating
Debt Ratio
Who & What
Min. 3% down must be Borrowers' own funds Typical mortgage insurance Reduced rate & Income limits vary by County Typical closing costs Typical good credit needed First Time Buyers with exceptions possible
 
Combined 1st and 2nd Mortgages   return to List
Down Payment Mortgage Insurance Rates & Limits Closing Costs Credit Rating
Debt Ratio
Who & What
Low 5% down No private mortgage insurance required No Jumbo Rate Pricing due to high loan amount limits Only one set of closing costs (saves you money) Typical good credit needed Payments less than a regular 5% down due to lack of mort. insur. premiums
 
Flexible 97% Loans   return to List
Down Payment Mortgage Insurance Rates & Limits Closing Costs Credit Rating
Debt Ratio
Who & What
Down Payment just 3% of Sales Price, and can be all gift funds or grant money Lower mortgage insurance than most No sales price or income limits Closing costs can be paid by seller or be gift funds Typical good credit needed Anyone can apply
 
NonConforming & 100% Financing   return to List
Down Payment Mortgage Insurance Rates & Limits Closing Costs Credit Rating
Debt Ratio
Who & What
Varies based on credit, 100% Financing avail. No private mortgage insurance required No Income, No Asset, Stated Income loans avail. Seller may contribute 6% of sales price to closing costs Debt ratios up to 55%, blemished credit allowed Easy for most anyone to qualify for
 
VA Loans Federal and State low rates   return to List
Down Payment Mortgage Insurance Rates & Limits Closing Costs Credit Rating
Debt Ratio
Who & What
FEDERAL No down, 100% financing FEDERAL No private mortgage insur. 2% VA funding fee may be added to loan FEDERAL Loan limit $203,000. Buydown rate helps qualify for more than typ. 30yr fixed FEDERAL Seller can pay closing including Prepaids (no money out of pocket possible) Good credit, blemished credit may work Must qualify for VA loan
OR STATE Min. 5% down OR STATE No private mortgage insurance OR STATE loan limit $252,700 OR STATE typical closing costs Typical good credit needed Contact State for eligibility
 
Adjustable Rate Mortgage Alternative   return to List
Down Payment Mortgage Insurance Rates & Limits Closing Costs Credit Rating
Debt Ratio
Who & What
Minimum 5% Down Typical mortgage insurance No income or sales price Limits. No Surprises: rate increases 1% 1st & 2nd yrs, remains fixed remaining 28yrs Typical closing costs Typical good credit needed, qualify at low initial rate Easy to qualify based on lower initial interest rate
 
Construction Loans   return to List
Down Payment Mortgage Insurance Rates & Limits Closing Costs Credit Rating
Debt Ratio
Who & What
Rehab. as low as 3% down. 5% down for Mfg'd Home. 10% Down if Stick-built May waive mortgage insurance with slightly higher int. rate Payment during construction automatically rolls into permanent loan pymts All-in-One Loan, One set of closing costs Typical good credit needed Anyone can apply
 
Guaranteed Rural Housing Programs   return to List
Down Payment Mortgage Insurance Rates & Limits Closing Costs Credit Rating
Debt Ratio
Who & What
No Down, 100% Financing No mortgage insurance & 1% Guarantee fee may be part of loan Income and sales price restrictions vary by county Closing costs can be paid by seller or included in loan Some credit blemishes are OK If First Time Buyer, combine w/State Program to lower Int. Rate. Rural location 1 acre max. required, many outlying areas like Lebanon comply
Mid-Valley Mortgage - Equal Housing LendersMid-Valley Mortage is an Equal Housing Lender
Thank you for visiting our web site. Contact us, we want to help you get the best loan.
All the information on this website was carefully researched and was accurate as of the date above, however, rates do fluctuate and it is meant as a general guide only, contact us for the very latest rates or for clarification
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