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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)*
  • 30 and 40 year Fixed Rate Options
  • Adjustable Rate Options
  • No private mortgage insurance required

3% Down First Time Buyer

  • Down payments as low as 3% to purchase a new home
  • Fixed and Adjustable Rate Options**
If you are applying for the 100% First Time Home Buyer Program, please apply at 80% of the purchase amount you apply for. In the comment section, say that you want the 100% First Time Home Buyer Program.
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.

*Available for primary residence purchases only up to 100% LTV. Applicants must meet credit and ability to repay requirements. Annual Percentage Rates (APR) effective as of the date of our latest rate update here. This is an 80/20 mortgage loan. Example is based on a $230,000 purchase price. A first mortgage (5/6 ARM) of $184,000 at 4.375% with an APR of 4.700% has principal and interest payments of $918.68 for 60 months. The example APR includes an origination fee of $1,299 and Points. Origination Fees vary based on loan amount, between $250 - $1,299. Actual APRs for individual loans may differ. 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 $46,000 borrowed at 5.490% with an APR of 5.490% will have principal and interest payments of $274.93 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. Assumes no other loans or liens on subject property. Primary borrower having an open Rivermark checking account and debit card at time of closing will receive $300 off the origination fee. 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.

**All loan applications are subject to credit and property approval. Annual Percentage Rate (APR) effective as the date shown on our rate page. Sample monthly payments are based upon a single-family owner-occupied residence with a loan amount of $160,000, 70% Loan-to-Value, Origination Fee of $800, Points, and standard 3rd party charges (e.g. appraisal and title). Origination Fees vary based on loan amount, between $250 - $1,299. Assumes no other loans or liens on subject property. Primary borrower having an open Rivermark checking account and debit card at time of closing will receive $300 off the origination fee. Actual APRs for individual loans may differ due to market conditions, individual circumstances such as credit qualifications, increased loan to value, loan purpose (such as investment property) and property type. Maximum APR is 8.00%. Must be a member to borrow.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials.

HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website. (www.consumerfinance.gov/hmda).