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Are You Ready to Become a Homeowner?

Let the Rivermark First Time Buyer Program Guide You

Are You Ready for Home Ownership?

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First Time Buyer Options

We understand the home-buying process can be confusing. That's why Rivermark has experienced Mortgage Officers to guide you through the process. We can make the path to ownership easier with loans that eliminate the need for a big down payment and hold down other costs.

100% Combo Loan*

  • 100% financing (80/20 Loan)
  • No private mortgage insurance required

3% Down First Time Buyer

  • Down payments as low as 3% to purchase a new home
  • Fixed Rate Options

Due to high demand, please allow up to 2 business days for a return call regarding mortgage refinance opportunities. Thank you for your understanding, and we look forward to serving you.

Apply Online Get a Quote

For faster service, start your application online.  A Rivermark mortgage professional can get you pre-approved quickly.  A pre-approval shows realtors that you are a serious buyer and can help to speed up the transaction when you’re ready to buy. Call us at 503.906.9497.

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Maintaining Your Home After Purchase

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Owning your own home can be an excellent investment. It can also be financially draining if you aren’t regularly maintaining your home. Regular maintenance can take time, planning, and money, but it can help you to save on unexpected repair costs and keep the value of your home up. Below, we share some of our tips for becoming a financially responsible homeowner.

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5 Ways to Save for a Home Loan Down Payment

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There are many ways you can begin saving for your home loan down payment. Some ways will be easy, while others will take longer and require more sacrifices. So long as you’re committed to owning a home one day, these small sacrifices will be well worth it to accomplish your goals. Here a few ways you can start saving for a home loan down payment today.

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5 Facts About Being a First-Time Homeowner

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There is a lot to know (or learn about) when you’re a first-time homeowner. Such as scheduling mortgage payments and putting together an attractive yet functional curb appeal. But there’s more. As new parts of this experience emerge, there are a handful of things that you should be prepared for. Here are five facts about being a first-time homeowner that you should take into consideration.

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*Available for primary residence purchases only up to 100% LTV. Applicants must meet credit and ability to repay requirements. This is an 80/20 mortgage loan. A first mortgage (5/1 ARM) of $160,000 at 3.875% with an APR of 4.33% has principal and interest payments of $752.38 for 60 months. Adjusts no more than 2% annually after 60 months. Rate increases are limited to a maximum of 6% over the initial rate during the lifetime of the loan.  A second mortgage of $50,000 borrowed at 6.99% with an APR 6.99% will have principal and interest payments of $309.88 for 240 months. Tax and insurance payments not included in examples. Property hazard insurance is required. 3% seller concessions allowed with 2 months PITI reserves. 0% seller concessions without 2 months reserves. No gift funds allowed towards closing costs. Escrow account required for taxes and insurance.

**$899 origination fee is based on primary borrower having an open Rivermark checking account and debit card at time of closing ($1,199 without checking). Assumes no other loans or liens on subject property. Actual APRs for individual loans may differ due to individual circumstances such as credit qualifications, increased loan to value, loan purpose (such as investment property) and property type. Adjustable Rate Mortgage (ARM) interest rates and payments are subject to change during the loan term.  That change can increase or decrease your monthly payment. Consult a tax adviser for information regarding the deductibility of interest and charges. Must be a member to borrow.