No Money Down OR, WA & CA » first time home buyer

Eugene/Springfield Oregon Tax Credit Expires This Week

Fred Chamberlin — Mon, 26 Apr 2010 18:18:29 +0000

(Editior’s Note: Because I believe this information is so important, I am posting it on all three of my mortgage blogs.) The home buyer tax credit will expire on new accepted offers in the Eugene and Springfield area after Friday! There has been a huge surge in home sales leading up to this expiration. New home sales were up 26% nationwide last month and existing home sales were also up significantly. Read More

Eugene/Springfield Oregon Tax Credit Expires This Week is a post from: No Money Down OR, WA & CA

USDA Underwriting Getting More Conservative

Fred Chamberlin — Thu, 17 Dec 2009 21:32:20 +0000

Recently I have seen examples of USDA Rural Guaranteed Mortgage Loans that were turned down by USDA for reasons that have not been an issue previously to my knowledge. What this points out is that with the increased interest in USDA Rural Guaranteed Mortgage Loans as one of the very few 100% financing options out there, the review process is getting stricter. So, if you are looking for a no money down loan, you should be prepared for the extra scrutiny during the process.

USDA Underwriting Getting More Conservative is a post from: No Money Down OR, WA & CA

USDA Closing Cost Question

Fred Chamberlin — Wed, 18 Nov 2009 18:23:43 +0000

I am going to be answering some questions that are coming up on My FHA Mortgage Blog over the next few weeks either here or on one of my other two blog sites, FHA Loans and Eugeneloanguy. I am hoping that by answering questions posed by the public we can get better information out there than what we have been seeing on the internet. There are a lot of myths and fallacies on the internet, just take a look at this post to see what I am talking about. This particular question has to do with closing costs and a USDA loan. I hope this series helps. Read More

USDA Closing Cost Question is a post from: No Money Down OR, WA & CA