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HOME POSSIBLE® MORTGAGES

A little low on savings? We can still make a new home possible

Home Possible® Mortgages

Even with limited income or savings,
Advantis makes a new home possible

This mortgage makes a new home possible for borrowers who have limited funds available for a down payment and income that is at or below the median household income in their area. Our Home Possible Mortgage program is also an excellent option for first-time homebuyers.

With our Home Possible® Mortgage you can:

  • Pay as little as 3% down
  • Borrow up to $453,100
  • Make a down payment using a wider variety of funding sources
  • Choose from fixed rate or adjustable rate loan options
  • Pay lower mortgage insurance premiums
  • Enjoy more flexible underwriting guidelines


APPLY ONLINE    CONTACT A Mortgage LOAN OFFICER


Let’s dig a little deeper

Pay as little as 3% down (and enjoy more flexibility).
Lenders often require 5% to 10% down when buying a new home and have strict rules regarding the source of your down payment funds. With the Advantis Home Possible Mortgage, you can pay as little as 3% down, and your down payment can come from a wider variety of sources, including cash gifted from your family, employer-assistance programs, secondary financing, and more.  

You choose the loan term that’s best for you.
Depending on the Home Possible Mortgage Program you choose, you’ll have the flexibility to select from either shorter-term or longer-term fixed rate mortgages, as well as a variety of adjustable rate mortgages. After you apply, your Advantis mortgage loan officer can help you determine the best loan option to fit your needs.

Who’s eligible for the Advantis Home Possible Mortgage?
If your annual income is at or below the median household income in your area, you’re likely eligible for the Home Possible Mortgage program. For borrowers living in Portland, Oregon, the Home Possible income limit is currently $89,640. If you have questions about the income limit for your area, please contact an Advantis Mortgage Officer.

Save more with lower mortgage insurance costs.
Borrowers buying a home with our Home Possible program typically pay lower monthly mortgage insurance payments than most other types of mortgage loans. This can add up to significant savings each month! Your Advantis mortgage loan officer will help you determine what your specific mortgage insurance payments will be.

We'll be your helpful guide—from here to "Hello new home."
Buying a new home can feel overwhelming, so we do everything possible to lessen the stress and make it feel simple and easy. You'll have the constant guidance of a Portland-based mortgage expert to help you from application to keys in hand. Meet our mortgage team.

Get pre-approved before you shop.
It’s essential to get pre-approved before you shop so you can make a stronger offer when you find a home you want to buy. Apply online now to get pre-approved quickly.

 

Get helpful resources, tools, and tips.


Learn what to expect. 
See the steps you’ll take to get from here to “hello new home.” Check out the Advantis Mortgage Guide to see our straightforward mortgage process and read our homebuyer’s guide for helpful tips on buying a new home.

Learn a few key concepts.
We’ve shared some key concepts to know before you apply for a mortgage or shop for a new home.

Do the math. 
Use our mortgage calculators to get a general idea of what your loan payments may be, or for a more comprehensive breakdown, get an instant online quote that will estimate your rate, payments, and fees on a variety of mortgage options.

Set up rate alerts.
With our customized Rate Watch feature, we’ll keep an eye on local rates so you don’t have to. Get mortgage rate alerts emailed to you. 

Visit our online resource center.
If we haven’t covered what you need above, you’ll likely find it in our online mortgage resource center. Check out helpful FAQs on a variety of mortgage and home buying topics, a glossary of commons terms, and more.

Not the right mortgage for you?

No problem! We have a variety of other mortgage options to fit your needs. 
See all of our mortgage options

Banks are for-profit. Advantis is for you.

Our mortgages get you closer to your goals of home ownership, because we’ve got your back.

Advantis is a not-for-profit financial cooperative, locally owned by our members. Which means instead of giving our earnings to corporate stockholders like banks do, we return them to our members in the form of better rates, lower fees, and more free services.
Learn about our cooperative difference

 

Get started today.

APPLY ONLINE

Get pre-approved today by completing our simple online application. An Advantis mortgage officer will reach out to you shortly after reviewing your application.

REQUEST A QUOTE
Complete a quick online form to request a personalized quote from an Advantis mortgage loan officer.

CONTACT A LOAN OFFICER
Questions before you apply? Call or email an Advantis mortgage loan officer directly. They’re here to help!


Property restrictions and other conditions apply. Contact a mortgage officer for details. For all dwelling-secured loans, hazard insurance is required and flood insurance may be required. All loans are subject to underwriting approval.







 
 
 
 
 




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