Lauren Hatmaker, LLC

NMLS #1433297

Special Loan Programs Eugene Oregon

Find the Program that’s Right for You

As a borrower, you have access to specific programs that can assist you with getting a home loan. However, many of these programs have certain requirements and restrictions. In order to qualify for a loan with the best terms and lowest payment, you need to be aware of the options that are available to you. That’s why we provide you with personalized loan options to meet your individual needs. Whether or not your credit has been perfect in the past, we can help you find the right program to purchase the home of your dreams.

Prime Loans

These loans are typically intended for borrowers with very high credit scores and fully backed by Fannie Mae or Freddie Mac. Also referred to as prime loans, conventional loans that were endorsed to Fannie or Freddie before May 31, 2009 are potentially eligible for special HARP refinances.

FHA Loans

These loans are fully insured by the United States Department of Housing and Urban Development (HUD). With flexible options and stable rates, these loans are very popular among first time home buyers. FHA loans typically require low down payments and are used to encourage homeownership.

VA Loans

Members of the United States military including both active and retired veterans are eligible for VA loans for their home mortgages. With more lenient credit requirements, these loans typically include low or no down payment options. Veterans are also able to borrow up to 100% of the purchase price.

Non-Prime Loans

If you are unable to qualify for a conventional or prime loan, you may still be eligible for non-prime loans. These loans work well for people who don’t fall into the typical “bank” box, such as individuals with low credit scores or those who have experienced recent hardships such as foreclosure or bankruptcy. Non-prime loans provide a temporary solution that enables home buyers to continue with the process of buying or refinancing a home. After a borrower has repaired the “out of the banking box” items above, we can refinance into a prime loan at a lower rate.


The process of getting a new mortgage in order to obtain better loan conditions is called refinancing. By refinancing your house, you may be able to reduce your monthly payment, take cash out of your home, or lower your interest rate. In order to save the most on your monthly payments, you could consolidate higher-interest debt with a new mortgage loan.

Construction Loans

Construction financing is actually two loans. The first is a short-term loan that is used to construct the home and the second is your permanent financing. Typically, the construction loan automatically converts into this permanent loan when your home is finished. In the construction phase, a schedule is set up to enable funds to be drawn, as needed, to finance various stages of building. Interest is charged on the money that is disbursed. While the home is being built, borrowers usually make interest-only payments on the loan.

Reverse Mortgage

In order to encourage homeownership and financial independence among seniors ages 62 or older, reverse mortgages are available to provide supplemental income. These loans are tax exempt and provide homeowners with cash using their existing home equity. A reverse mortgage is a tax-exempt and intended to assist retirees with limited income. The borrower is not required to make payments on the loan until they pass away, sell their home or make a permanent move.

Manufactured Home Mortgage

Although not widely known, you can get a mortgage loan for a manufactured home built after June 15, 1976. In order to qualify, your manufactured home must also be a double wide or larger and moved only once onto property you own. Manufactured homes that are on leased land do not qualify for these mortgage loans. Special offers are extended to Military veterans that include no down payments while non-veterans can obtain the loan with as little as 3.5% down.

Private Money Loans

These short term loans are intended for special and unusual circumstances such as property borrowing or setting up a manufactured home. Private money can also be used to buy foreclosures or homes at auctions.