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Loan Programs

As one of the leading mortgage brokers in the Salem area, I firmly believe that the best way to handle mortgages is for the client to be actively involved in the process every step of the way. I believe that communication is the key to making the process not only simple, but less stressful for you. Here are the programs we offer here at Landmark Professional Mortgage Company. If you have any questions about these programs, I’m here to help!

FHA Loans

FHA stands for Federal Housing Administration. FHA is among the most popular loan programs for first-time homebuyers. FHA loans are also generally easier to qualify for than other loan programs. A 600 credit score can qualify you for a 3.5% down payment! The loan limits with FHA vary depending on which county you are purchasing or refinancing in.

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Conventional Loan

Conventional loans cover a broad spectrum of possibilities. They can be for single-family homes, investment properties, second homes, etc. You have freedom to make a down payment from 5% on up. The really cool thing about going Conventional if you are a first-time homebuyer, is that there is a 3% down program available (if you qualify).


USDA loans have some geographical restrictions, but there is the option for a 0% down payment. USDA has income limits to qualify, and they are limited to single-family housing. If you are looking at a property in a smaller town or in the country, ask us about USDA loans.

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VA Loan

VA loans are specific loans for those who have honorably served our country. These loans offer a 0% down payment option with no restrictions for location of property. There is no PMI (private mortgage insurance), and DTI requirements are a little less strict. These loans are for primary residences only.

ODVA Loans

Since 1945, Oregon is one of only five states in the nation that offers a state home loan to veterans. This Oregon benefit is separate and distinct from the federal VA Home Loan Guaranty and has lent Oregonians approximately $8 billion of low-interest home loans to more than 334,000 veterans. Learn more at under Home Loans.

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