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Mortgage Trust
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      • Heather Douglas
      • Ian Murdock
      • Jill Wagner
      • Jordan Lee
      • Kristen Martha Brown
      • Lucas Schoen
      • Michael Leland
      • Team Woodard
      • Tonya Lance
  • Our Vision
  • Our Process
    • Loan Process
    • Loan Programs
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Loan Programs

Because no two home buyers are the same, your loan team will work directly with you to wholly understand your unique financial situation and goals, allowing us to help you determine which loan program is right for you.

When considering mortgage loan programs, you have many options, including conventional and
government-backed loan. Government-backed loans, such as FHA, VA, and USDA, are insured through the federal government. Conventional loans with a less than 20% down payment are insured through private companies and must conform to guidelines established by the Federal Housing Finance Association.

Conventional loan

Conventional loans can require a substantial down payment. Typically, borrowers provide at least 5% down payment, though 3% down payment programs are possible for eligible borrowers. Borrowers with less than 20% down payment must pay private mortgage insurance until certain criteria is reached, such as paying down the loan balance to a specified amount.

Conventional loans must also meet certain credit and financial requirements. Mortgage Trust will pull the applicant’s credit report from the three major credit bureaus. Both credit score and credit history will determine eligibility for a conventional loan. Higher credit scores can influence better interest rates – your loan officer will discuss this with you. Conventional loans also have specific debt-to-income ratio requirements, and applicant’s employment history, income, and debt will be thoroughly examined to meet lender guidelines.

Conventional loan programs offer several repayment period terms – 15, 20, or 30 years – with competitive rates for shorter terms. With a fixed-rate loan, the interest rate remains the same for the life of the loan. Adjustable-rate mortgages are also an option. Here, the interest rate is tied to current market rates and changes periodically, depending on the program you choose. With this option, your monthly mortgage payment will go up and down accordingly.

Your loan officer will explain all these details in more depth. A conventional loan is a good option for home buyers with better credit, who have enough savings for a down payment, and who want to avoid mortgage insurance premiums.

FHA loan

An FHA Loan is a great option for home buyers who don’t meet the income, credit, or down payment requirements for conventional loan programs.

FHA Loans are insured by the Federal Housing Administration and FHA Borrowers are required to make upfront and monthly mortgage insurance payments. Mortgage insurance may apply during the life of the loan for borrowers that do not meet down payment amounts specified by FHA.

The Department of Housing and Urban Developments makes periodic changes to FHA guidelines and requirements. It is therefore advisable to consult with your loan officer for the most current rates and terms on FHA loans.

Other factors to consider:

• Currently, FHA Borrowers must make a minimum down payment of 3.5%. This money can be gifted by a family member.
• Credit score requirements are lower for FHA loans. Your loan officer will discuss minimum scores with you when they pull your credit report.
• FHA loans are only available for primary residence occupancy, and an FHA loan requires that the property meet certain standards at appraisal.
• There are also maximum mortgage limits for FHA loans that vary by state and county.

VA loan

Veterans Affairs-guaranteed home loans are a fantastic option for veterans and military families. Mortgage Trust is proud to assist our service members in their pursuit of homeownership.

Like all home loans, VA loans have eligibility requirements and guidelines. Our experienced loan officers will work with you to obtain a Certificate of Eligibility and guide you through the entire process.

VA loan highlights:

• Low down payment options + 0% down payment for eligible borrowers
• No private mortgage insurance
• Competitive interest rates

USDA loan

The US Department of Agriculture created this home loan program to support rural development, and to assist lower-income households in achieving homeownership.

“Providing affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas.” –usda.gov

A common misconception is that USDA loans only apply to remote rural and farming areas. In fact, eligible areas are based on town and city population numbers, and you may be surprised to find that the home you are looking at is located within USDA designated boundaries.

Like all home loans, USDA loans have eligibility requirements and guidelines. Our experienced Loan Officers will help you determine geographic and income/credit eligibility, and guide you through the USDA home loan process.

Other options

This is just the beginning of real estate financing options. If your situation doesn’t fit one of these traditional programs, your loan officer will work with you to explore other possibilities, including jumbo loans for high-value properties, and alternative-documentation loans for unusual income or asset scenarios.

If you have any questions about the home loan programs or would like additional information on obtaining a mortgage loan, reach out today and we'll connect you with one of our licensed loan officers!


  • Company State Licenses
  • Privacy Policy
  • Program Disclosures

NMLS Consumer Access

In AL, FL, MN, NC, SD, TX, and UT Mortgage Trust operates and is licensed as Mortgage T, Inc.

CA borrowers: We are licensed by the California Department of Financial Protection and Innovation (DFPI) under the California Financing Law (CFL) license 60DBO-175171.

CT borrowers: We are a mortgage broker only -- not a mortgage lender or mortgage correspondent lender.

TX borrowers: Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

This website is intended for informational purposes only and does not constitute an offer to lend. The terms and conditions of our programs, products, and services may change or be terminated without notice, and certain restrictions may apply. All loans are subject to underwriting approval. Rates, APR, and closing costs are subject to change without prior notice. Any rate(s) and fee(s) displayed here are estimates based on generic borrower profiles and standard property types. 'Generic' refers to borrowers with excellent credit history and financial characteristics, while 'standard property types' refers to typical residential properties that meet standard lending guidelines. The actual interest rate and fees available to you will depend on your credit history, the type of property, and other factors, and may differ from the rates displayed here. The Annual Percentage Rate (APR) is calculated based on a 365-day year, inclusive of typical closing costs. For more detailed information, please consult with one of our licensed loan originators. Please note that this does not constitute a guarantee of loan terms, and your final terms may vary. We operate as an Equal Housing Lender. Your privacy is of utmost importance to us, please refer to our privacy policy for more information.

Mortgage Trust, Inc. • NMLS 3250

PO Box 19267 • Portland, OR  97280

503.488.1800 • 888.990.2684

info@mortgage-trust.com

NMLS Consumer Access

In AL, FL, MN, NC, SD, TX, and UT Mortgage Trust operates and is licensed as Mortgage T, Inc.

CA borrowers: We are licensed by the California Department of Financial Protection and Innovation (DFPI) under the California Financing Law (CFL) license 60DBO-175171.

CT borrowers: We are a mortgage broker only -- not a mortgage lender or mortgage correspondent lender.

TX borrowers: Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

This website is intended for informational purposes only and does not constitute an offer to lend. The terms and conditions of our programs, products, and services may change or be terminated without notice, and certain restrictions may apply. All loans are subject to underwriting approval. Rates, APR, and closing costs are subject to change without prior notice. Any rate(s) and fee(s) displayed here are estimates based on generic borrower profiles and standard property types. 'Generic' refers to borrowers with excellent credit history and financial characteristics, while 'standard property types' refers to typical residential properties that meet standard lending guidelines. The actual interest rate and fees available to you will depend on your credit history, the type of property, and other factors, and may differ from the rates displayed here. The Annual Percentage Rate (APR) is calculated based on a 365-day year, inclusive of typical closing costs. For more detailed information, please consult with one of our licensed loan originators. Please note that this does not constitute a guarantee of loan terms, and your final terms may vary. We operate as an Equal Housing Lender. Your privacy is of utmost importance to us, please refer to our privacy policy for more information.