USDA continues to be one of the very few no down payment options available for Lane County residents to get into a new home without a down payment.

Homes qualifying for the No Money Down Option have to be outside of the urban growth boundary of Eugene/Springfield, but it leaves a lot of the county available for purchase. For instance, homes in Creswell, Cottage Grove, Veneta and Junction City should qualify for financing under the USDA Guaranteed Loan Program.

Further out, homes in Oakridge, Westfir, Florence and Drain also qualify for the program. There are household income limits, but they are currently very liberal. A family of 1-4 people can make up to $74,050 and still qualify for the program. A family of 5 or more can qualify with up to $97,750 in Lane County. Benton County and the Portland area are even more. Click on the seal below and it will take you to may webinar about USDA, the best kept mortgage secret.

There is no maximum loan amount (other than jumbo), you just have to qualify for the loan based on your income. Credit is fairly liberal also. The program does not finance farms, it is for the financing of rural/sub-urban areas, like Harrisburg, Halsey and even Roseburg and all of Douglas County.

Contact me

Navigating the mortgage approval process doesn’t have to be daunting. With me on your side those hurtles can be overcome. I am available right now to help you with the loan process and know the ins and outs of FHA, VA, USDA and conventional financing. If you want to buy a home using an FHA loan or refinance using VA, I am here to help. Contact me at Alpine Mortgage Planning, 1200 Executive Pkwy., Ste. 100, Eugene OR 97401, 541-342-7576/541-221-3455 cell or by e-mail. Only you can make the choice it is time to get the process started.

Alpine Mortgage Planning is a mortgage bank and we have our own mortgage loan processing in Eugene, “in-house” underwriting, documents and funding. Give me a call today to start the process.

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