Special Home Loan Program for Oregon Veterans

The Oregon Department of Veterans Affairs has a new home loan program in addition to the Federal VA Home Loan Guaranty Program.

In November 2010, Oregon voters approved ballot Measure 70, expanding veteran eligibility for the ORVET Home Loan as well as eliminating the constitutional 30-year eligibility restriction. The ORVET Home Loan is now a lifetime benefit for eligible veterans. This constitutional amendment takes effect January 2, 2011.

Veterans must establish their eligibility for the ORVET Home Loan. This eligibility is separate and distinct from the federal VA home loan.

Some of the benefits of the ORVET Home Loan are:

• Interest rates are generally below market.


• Closing costs are limited.


• Up to 100% financing may be available.


• Loans are NOT limited to "first time homebuyers".

For more information on this program follow this link to the ODVA website or feel free to call me and I will help get you started to homeownership.

Troy Batson is a licensed broker in the State of Oregon ~ troybatson.com ~ Duke Warner Realty ~ 1033 NW Newport Ave. Bend, OR 97701 ~ (541)382-8262