Jambalaya is a Cajun classic, and has roots down in the French-Canadian immigrants to Louisiana. Mixed with spices and influence from the Caribbean and American South, jambalaya is a versatile, tasty dish that screams of New Orleans, and is easily customized to fit any party, dinner, or taste bud.
3 tablespoons olive oil (canola, vegetable oil, or butter will work in a pinch)
1 yellow or white onion
2-3 stalks of celery
2-3 bell peppers of various colors (at least 1 should be green)
1-2 jalapeño, Serrano, or other hot peppers (adjust to taste)
4-5 cloves garlic
3 cups chicken or vegetable stock
1 14-oz can crushed red tomatoes
1 1/2 cups uncooked rice (white or brown)
Spices, including salt, pepper, thyme, cayenne, paprika, bay leaf, crushed red pepper, lemon, Tabasco sauce, etc.)
Reasons to Choose an ODVA Home Loan
Subsided Interest Rates
The ODVA funds the ODVA home loan through the issuance of tax-free, state general obligation bonds called Qualified Veterans Mortgage Bonds (or QVMB). Their rates are adjusted with the current conventional market rate but because of the bonds the rates are typically .5% to .75% lower than the current market value for federal VA rates. Contact Associated Mortgage Brokers for a current ODVA rate quote.
No Funding Fee
Unlike the federal VA loan program, the ODVA loan program does not require a funding fee. Veteran’s that are familiar with or have used the federal VA program may be familiar with the funding fee – a fee that is usually built into the loan amount and charged to the veteran at closing. This fee can range from 1.5% to 3.3% of the loan amount depending on certain criteria. This fee does not apply with the ODVA loan program!
ODVA Services the Loan
Typically, the servicing for VA (and conventional) loans is sold shortly after the loan closes. With the ODVA home loan, you’ll have local servicing because not only does the ODVA own of the loan they also will service the loan through their facility in Salem, Oregon.
Current Oregon Residency Not Required!
The ODVA loan is designed for Oregon veterans, but Oregon Residency is not required at the time of application. Veterans re-locating to Oregon from out of state qualify for the loan as long as they intent to occupy the residence as their primary residence within 60 days of purchase.
Common Sense Underwriting
Because the ODVA retains the servicing of the ODVA home loans for the life of the loan they have more flexibility with their underwriting. The ODVA follow the Fannie Mae guidelines but are able to make adjustments and exceptions that are not possible with the federal VA or conventional loans making it possible for veterans to get a loan that might not otherwise be possible.