If you have excellent credit you will have the fewest number of hurdles to jump through. When dealing with mortgage companies in Portland, Oregon, they are looking at your credit and are generally referring to your FICO score. This is a compilation of the three major credit bureaus and is the standard for determining credit worthiness in the industry.

An individual should aim for a FICO score above 710 because it allows individuals to obtain the best loans and have more bargaining leverage.

The investor now has many different loan options available to him when purchasing investment property in Portland, Oregon.

If your credit is not excellent there are still options available. A possible option is to work with the seller and have him or her carry an additional mortgage on the property you are trying to buy in Portland, Oregon.

In this case let’s say you negotiate a price both you and the seller are happy with. You agree to get a loan for 80% of the purchase price and the seller agrees to take payments for the remaining 20%.

It is easier to get a loan for 80% of the purchase price. If you have negotiated a price below market value, this is especially true. Perhaps you agreed upon a final price of $100,000 while the real market value is actually $120,000.

Using this example the lender that loans the money just took far less of a risk in making their decision. This is not as risky.

For more information about investing in the Portland Oregon Real Estate Market, please visit http://www.hightonhomes.com.

If you are looking for the best deal on a property, please visit my Portland Oregon Short Sales website at http:/www.shortsalespdx.com where you can sign up to receive a free list of short sales and bank owned properties.