Eugene Loan Guy

Offered to Employed Clients

On Home Purchase Loans

We (Alpine Mortgage Planning) are offering involuntary unemployment coverage that will make the house payment of up to $1,500 per month in the case of involuntary unemployment directly to the mortgage holder for our clients in Eugene/Springfield and Lane County Oregon.

Our program is available for any new purchaser that has been on the job for more than one year without lay-off and loses their job through no fault of their own after 60 days and before one year of their new loan starting. The program will pay up to $1,500 of principal, interest, taxes and insurance (PITI) and mortgage insurance (if applicable) directly to the mortgage holder. Since it goes to the mortgage holder it shouldn’t effect unemployment filing. In the case of joint applicants, both clients are covered by the assurance program if they are working a minimum 30 hour week each.

Job Loss Assurance Benefits:
Benefits of up to $1,500 per month
Provides up to six months of
payments
Does not affect unemployment
income eligibility
12 month job loss protection
Minimizes financial stress

This innovative program is designed to take the stress out of  a home purchase in our current uncertain economy. One of the main stopping points for new buyers today is fear of the unknown. We are attempting to help alleviate that fear with this program. We will pay for the program for the first year and it may be extend-able (at the home owner’s expense) at the end of the year.

We are always looking for ways to add value to our service and alleviating stress and fear of job loss. This is our latest way of helping our clients in today’s economy. Now, for a few YES answers. Yes, this program works with FHA Insured loans. Yes, the program works with VA Guaranteed Loans. Yes, the program works with USDA Rural Guaranteed Loans. Finally, the program works with conventional and even jumbo loans, but in the case of jumbo loans, only covers the first $1,500 of the payment amount.

Why are we offering this outstanding assurance program? Because we want to help everyone that can and should buy a home at this time but are fearful of the economy. The First Time Home Buyer Tax Credit will be going away shortly and it doesn’t make sense to sit on the fence and let it get away. It also is a great time to buy with rates continuing to be at or near all time lows. We are trying to help with the decision making process.

Contact Me

So, isn’t it time to make the move into your new home? I am Fred Chamberlin, Senior Mortgage Consultant at Alpine Mortgage Planning, 1200 Executive Pkwy., Eugene OR 97401. I am here to help you with the mortgage loan process and also help you avoid stress. You can reach me at 541-342-7576/541-221-3455 cell or by e-mail. Trust experience to help you with your Eugene/Springfield mortgage questions. One final note, this is not limited to Lane County but can be used anywhere we are doing business. Call today!