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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

Your rate is not locked until you get confirmation from a Mortgage Loan Officer.  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.

The Latest from our Blog

5 Ways to Save for a Home Loan Down Payment

Couple moving into house

Your down payment for a home loan can be saved in many different ways. There will be easy ways and difficult ways. Some ways will require sacrifices, while others will take time. If you're committed to owning a home one day, these small sacrifices will be well worth it. The following are some ways you can begin saving for your down payment on a home today.

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Your Springtime Home Maintenance Checklist

Man cleaning out gutters

It has been a long winter. There is no better time to clean up your house than right now, before the summer arrives and you are going off on some much-needed adventures. Here are a few tips you can use to keep your house and property in great shape. It's time for some springtime home maintenance!

Read this article

Maintaining Your Home After Purchase

Home Maintenance

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.

Read this article

*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 4.500% with an APR of 4.056% has principal and interest payments of $932.30 for 60 months. The example APR includes an origination fee of $920 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.