Eugene Mortgage News

Ever wonder how much home you can afford? Before you start searching home listings, give us a call at 541-683-3300.  We can run the numbers and help you identify a budget you can live with!

• We will explain closing costs and what you can afford
• We will answer your questions on home buying and what programs will fit your needs: USDA 100% financing, FHA, VA 100% financing, and Conventional
• We can go over any questions in regard to your credit rating

Stepping Stone Mortgage, Inc. is a qualified mortgage lender with all loan officers and processing staff trained to handle your questions. Our dedicated staff will help you through the loan process in a very efficient manner for you to purchase or refinance your home.

We can give our clients extra flexibility with a lower monthly payment by offering a Temporary Rate Buydown to lower their interest rate at the start of their loan. It’s a great option for our clients who expect an increase in their income in the next few years or who have excess seller concessions to use — and want to take advantage of a low fixed rate.

Seller-paid 1- and 2-year buydown options

• 2-1 buydown of 2% in the first year and 1% in the second year. By the third year, they are at the full rate.
• 1-0 buydown of 1% in the first year. By the second year, they are at the full rate.
• See an example of the potential savings on a 2-1 temporary buydown:

• Our clients must qualify for the full monthly payment (before the buydown rate is applied)
• Seller concessions are deposited as a lump sum into a buydown account. A portion of this sum is released each month to reduce the borrower’s monthly payments.

We have other suggestions as well.  Please contact Stepping Stone Mortgage at 541-683-3300 with any questions you may have about mortgage home loans.