No Money Down OR & CA

Up until recently, USDA allowed a streamline refinance on Oregon USDA loans for a simple interest rate reduction. That changed in January and refinance of a USDA loan to a new USDA loan in Oregon now requires a complete application, including appraisal to refinance the balance to a lower interest rate. This change will make it more difficult for those owing more than the property value to take advantage of today’s interest rates.

Refinances can still be accomplished, but a new appraisal will need to be done to get it done. If you are interested in refinancing your Oregon USDA loan and have equity in your property, give me (Fred Chamberlin) a call today at 541-342-7576/541-221-3455 cell or make an appointment to see me at the office, Alpine Mortgage Planning, 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. You can also e-mail me. I am here to answer your questions about the USDA Rural Guaranteed Home Loan program.