Financing for Your Home

Whether your buying your first home or the home you've been searching for your entire life, getting pre-qualified for a home loan is an important step in the homebuying process. Its important to have a payment plan that's designed for your needs today and tomorrow.

Fixed-Rate Mortgages

This loan is a good option for people who want the stability of a payment that won’t change. With a fixed-rate mortgage, your principal and interest payments remain the same for the duration of the loan, although property taxes and insurance costs may increase.

Adjustable-Rate Mortgages (ARMs)

ARMs generally offer lower initial interest rates than comparable fixed-rate mortgages, which can increase your purchasing power. ARMs can make sense if you plan to move to another home or refinance in the relatively near future. This allows you to take advantage of the lower initial rates and payments at the early part of the loan before you see any significant increases.

Government Loans

The Federal Housing Administration (FHA) and the U.S. Department of Veteran's Affairs (VA) offer government-insured loans. These loans have low down payment requirements and more flexible guidelines that make them easier for first-time buyers to obtain.

To begin finding your new home and the financing insitution thats best for you click here, or call KT Reich at (541)899-4497

Proudly serving those who have served our country

At KT Reich, our objective is simple – to help you take full advantage of your Veterans status to find the home of your dreams.

If this is your first home, or next home, our knowledgeable team will guide you – step-by-step – through our straightforward homebuying process. From selecting the perfect floor plan, to financing and closing, we do it all under one roof. It’s that easy.

Whether you are looking for an inventory home that is ready for immediate occupancy or you want to build the home that meets your style, our home experts will collaborate with you to find the perfect home to meet your needs.

With KT Reich, you move into your new home with confidence and a piece of mind that only comes with knowing your builder has the proven expertise, time-tested construction processes and a deep commitment to ensuring your satisfaction for lifetime in your home

VA Benefits

The Department of Veterans Affairs (VA) was first created in 1930 and is responsible for providing federal benefits to veterans and their families.  Today, over 25 million veterans (including family members or survivors of active personnel) are entitled to VA Benefits.

Under the original GI Bill created in 1944, the VA began helping veterans purchase homes with federally guaranteed home loans and no down payments.

Today,  Veterans and current enlisted military personnel may qualify for the following VA home loan benefits; 

  • 100% No Down Payment Financing
  • Flexible Credit Standards
  • No Monthly Mortgage Insurance/ Lower Payments
  • Loan Amounts up to $417,000*
  • First Time Home Buying

*2009 Maximum VA loan limits may exceed $417,000 depending on the county/state you're looking to purchase a new home in.

Am I Eligible?

VA Benefits are available for those serving in the Army, Navy, Air Force, Marine Corps, or Coast Guard.  Eligibility is determined by the type, length, and character of your service. Below are some helpful eligibility guidelines:

Wartime service periods including: 
- Vietnam - 8/05/64 to 5/07/75
- Persian Gulf (including Afghanistan & Iraq)– 8/2/90 to current
- Must complete 90 days or more on Active Duty.

Peacetime service periods including:
- 5/08/75 to 8/01/90 
- Must complete 181 days of continuous Active Duty service.

Reservist/National Guard: 
- Must complete a total of 6 years as a member of the Selected Reserve.  

Unmarried spouse / surviving spouse
- There is no minimum days of completed service.

Spouse of a POW/MIA:
- Must have been a POW or MIA for over 90 days.

Your discharge must have been anything but dishonorable. If you were discharged as a result of a service related disability, you may be eligible if served less than the above 90 or 181 required time periods mentioned above. Call the VA Home Loan hotline for more information at 1-888-244-6711.

How much of a VA loan do I qualify for?

The maximum benefit that VA guarantees to finance is 100% of your new home, with a maximum loan amount of  $417,000.00.  Depending on your down payment amount and county/state in which you are purchasing, loan amounts greater then $417,000 may be allowed. 

You’re entitlement or loan guarantee amount will be shown on your Certificate of Eligibility. Refer to our Frequently Asked Questions to learn more about the Entitlement and the Certificate of Eligibility.

Qualifying Benefits of a VA loan:

- No Down Payment 
The most important benefit cited by Veterans who have used this loan is the no down payment benefit.

- Flexible credit
Although credit history is considered, it is not the only thing used to determine if you qualify. VA credit guidelines are more flexible.

- Lower Payments
As a result of the added benefit of NO monthly mortgage insurance and competitive interest rates Veterans enjoy lower payments.

Below is an example of a 30 year fixed loan for an amount of $200,000. (Note: the monthly payment does not include taxes or insurance.) 
Please remember that there are other VA loan types which provide varying interest rate and payment options. 

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