ORVET Home Loans
Since 1946, the Oregon Department of Veterans’ Affairs has helped more than 334,000 veterans realize their dreams of owning a home, loaning over $7.5 billion to veterans.
ODVA offers a state veterans’ home loan that is an additional and distinctively separate benefit from the Federal VA Home Loan Guaranty Program. The current maximum loan amount is $417,000 for a single family, owner occupied residence and veterans are now eligible to use the loan as a lifetime benefit.
The program is designed specifically to provide veterans the lowest interest rate possible and is secured through special federal bonding only available to state home loan programs. ODVA takes pride in achieving consistent high levels of customer satisfaction, and makes every attempt to be flexible and provide and easy application process
The ODVA Program allows for a minimum down payment of 5% and also allows for Manufactured Home financing. Call us today to compare what VA loan program might be best for your scenario.