Eugene Mortgage News

Now, along with 1^st time home buyers, buyers will have more flexibility to invest in a duplex, triplex or fourplex. AND they can earn income as they pay off their mortgages.

Advantages:

1. Low down payment option for 2–4-unit properties.
2. At least 1 unit must be used as a primary residence.
3. A part of your future rental income can be used to help you qualify for your loan.
4. You do not have to have rental income history
5. Potential expense write offs may be available if your rental(s) produce income.  Rely on a tax professional for more specific advice.

It’s a great time for borrowers to explore their options and we can help!  Give us a call at 541-683-3300