Frequently Asked Questions
Who qualifies as a hero?
Community Heroes are veterans, active-duty military (including military reservists), medical professionals, education professionals, law enforcement professionals, firefighters and other rescue professionals.
What specific benefits does this program offer to community heroes?
Mortgage Marketplace LLC will waive your loan processing fee ($1,095 value) and Heroes may be eligible for a free home warranty and discounted Realtor fees if using a participating Realtor to complete their Real Estate Transaction.
How does the home buying process differ for program participants compared to traditional buyers?
There is no difference in the process or loan products available. Community Heroes can take advantage of all traditional loan products offered and receive the Housing Oregon's Heroes program benefits.
Are there any special requirements or conditions that participants need to meet to be eligible for the program?
Yes, you need to be a community hero such as veterans, active-duty military, medical professionals, education professionals, law enforcement professionals, firefighters and rescue professionals or a surviving spouse of a community hero who lost their life in the line of duty.
Can community heroes use this program in conjunction with other home-buying assistance programs or benefits?
Yes, all home buying assistance home loan products we offer can be used in conjunction with the Housing Oregon’s Heroes program.
What types of properties are eligible under this program?
Any residential property that qualifies for a residential home loan.
What kind of home ownership education is provided through this program?
Housing Oregon’s Heroes, Mortgage Marketplace LLC and our participating real estate partners will offer individual education as well as home buying classes and workshops to anyone interested in learning more about buying or refinancing a home.
How long does the application process take, and what does it involve?
The application process typically takes less than an hour and involves submitting a home loan application and providing any supporting documents necessary to support your home loan application.
How can a community hero apply for this program?
By applying for a home loan with Mortgage Marketplace LLC. You can call us at 503-210-1480 to apply by phone, or online at www.mortgagemarketplace.biz
Are there any geographical restrictions or specific areas where the program is available?
The Housing Oregon’s Heroes program benefits are available to all home buyers and homeowners refinancing a home whose subject property is located in Oregon or any other state that Mortgage Marketplace is licensed In such as California, Florida, Idaho, Montana, Texas and Washington.
Can family members of community heroes also benefit from this program?
Yes, we will extend the benefits of this program to any surviving spouse of a Community Hero who lost their life in the line of duty.
Is there a limit to the number of community heroes who can participate in the program each year?
No, there is no limit. Our goal is to show our appreciation and support for all Community Heroes.
Mortgage Marketplace LLC
NMLS #2367229
Phone: 503-210-1480
Email: info@mortgagemarketplace.biz
3723 Fairview Industrial Dr, Suite 190
Salem, OR 97302
State Licensing: CA 60DBO-174115 | FL MBR6721 | ID MLB-2082367229 | MT 2367229 | OR 2367229 | TX 2367229 | WA MB-2367229
Housing Oregon's Heroes is a program offered by Mortgage Marketplace, offering discounts on certain fees a home buyer may incur when purchasing or refinancing a home. The discounts offered under this program are available to all applicants who request the offered discounts.
This is not a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements for refinances, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines. Approvals are subject to change without notice based on applicant’s eligibility and market conditions.
Equal Housing Opportunity Mortgage Broker