As both a lender and a broker, approved with over 700 wholesale lenders across the country, Allied Home Mortgage can offer you the full range of home loan programs available in today's market.

The number and variety of loan programs available in today's market can be mind-boggling. The best way to figure out which of the many available loan programs would be best for you is to contact Allied Home Mortgage for a free consultation. Based on your needs and financial situation, we will recommend one or more loan programs and provide you with details of the terms and an estimate of the closing costs.

All loan programs can be classified as either "conventional" or "government" loan programs. Conventional loan programs can be further classified as either "conforming" or "nonconforming".

• Conventional Loan Programs. A "conventional loan" is any loan that is not insured or guaranteed by the government.
  • Conforming. A "conforming loan" is a conventional loan that conforms to guidelines established by the Federal Nation Mortgage Association (FNMA or "Fannie Mae") and/or the Federal Home Loan Mortgage Company (FHLMC or "Freddie Mac").
    • See FNMA/FHLMC Loan Programs on this website for more information about FNMA and FHLMC loan programs.
  • Nonconforming. A "nonconforming loan" is a conventional loan that does not conform to FNMA or FHLMC guidelines. These loan programs offer borrowers a broader choice of terms than are available under FHMA/FHMLC guidelines, and extend the availability of home finance to a broader range of borrowers than would qualifty under FNMA/FHMLC guidelines
  • Jumbo. "Jumbo loans" are loans that exceed the FNMA/FHLMC maximum loan amounts.
  • Alternative, Reduced, and No Documentation. Many loan programs in today's home finance market feature alternatives to the standard FNMA/FHLMC income and asset documentation requirements. This category includes "bank statement loans", "stated income loans, "no income, no asset (NINA) verification loans", "No Ratio" loans, and "No Doc" loans, to name a few of the many varieties. These innovative programs expand the availability of home finance to borrowers who, for one reason or another, cannot qualify under FNMA/FHLMC documentation requirements.
  • Zero-Down. Loans that finance 100% or more of the purchase price, and therefore require no downpayment, allow borrowers who have no funds for a downpayment to obtain the financial benefits of homeownership.
  • Subprime. "Subprime" loans are designed to expand the availability of home finance to borrowers with past credit problems. These loan programs allow borrowers with damaged credit to re-build their credit while enjoying the financial benefits of home ownership.
• Govenment Loan Programs. A "government loan" is any loan that is insured or guaranteed by the government.
  • FHA. "FHA loans" are loans that are insured by the Federal Housing Administration (FHA), an agency within the Department of Housing and Urban Development (HUD). FHA loans are a good choice for borrowers who do not have funds for the 5% downpayment usually required on conventional loans.
  • VA. "VA loans" are loans that are guaranteed by the Department of Veterans Affairs. The VA loan program is a good choice for eligible veterans, reservists, and active duty members of the armed forces that do not have funds for a downpayment.
  • Rural Housing. "Guaranteed Rural Housing loans", also known as "Rural Development Loans", are loans that are guaranteed by the Rural Housing Service (RHS), an agency with in the U.S. Department of Agriculture (USDA). The property must be in an area designated as "rural" by the RHS, and family income must not exceed the moderate income limits established by the RHS for the area in which the property is located.

Other loan programs are also available. To qualify for these programs, borrowers must satisfy lender guidelines for income, assets, and credit. For information on all the loan programs we offer, contact Allied Home Mortgage.

To apply for a loan, fill out our short prequalification form, or submit an online application, or call us at 503-356-2241.

Allied Home Mortgage offers competitive rates, low fees, and superior service on hundreds of loan programs, including conventional, FHA, VA, and USDA Guaranteed Rural Housing. At the Hillsboro, Oregon branch we are licensed to originate home loans throughout Oregon and Washington. We specialize in financing real estate purchase transactions, including manufactured home land-home packages. We also offer rate and term refinances, cash-out refinances, home equity loans, and construction loans. We welcome applications from first-time homebuyers, borrowers with limited income and assets, and borrowers with damaged credit that have been turned down elsewhere. Click here for more information about us.

	Allied Home Mortgage Capital Corporation 111 SE 3rd Ave, Suite C Hillsboro, Oregon 97123 503-356-2241
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