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Archive for the ‘First time home buyers’ Category
Two Types of USDA Rural Home Loans
February 26th, 2010 | 
Author: USDA Rural Home Loans are extremely popular loans in suburban Lane County Oregon. Primarily because it allows home buyers in qualifying areas to purchase a home with absolutely zero down payment and without the added expense of monthly mortgage insurance. In most cases, the USDA Rural Home Loan is the least expensive loan to obtain and to maintain. There are two types of USDA Rural Home Loans: Read More
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Posted in $8000 tax credit, 100% Financing, First time home buyers, Mortgage Loans, USDA Refinance, Uncategorized, usda rural guaranteed loan | 
Tags: ane County Oregon usda rural development, cottage grove OR usda rhs, creswell oregon usda mortgage loans, Florence OR usda home loan, Harrisburg OR usda rural housing, Junction City OR usda loan, lane county oregon no money down loans, Monroe OR usda mortgages, Oakridge OR usda rural development loans, Veneta OR usda loans, Westfir OR usda rural home loans | 
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USDA Underwriting Getting More Conservative
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. Read More
Retweet this postUSDA Closing Cost Question
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
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Posted in 100% Financing, Eugene/Springfield, First time home buyers, USDA Zero Down, first time home buyer, income limits |
Tags: 100% Financing, closing costs, Cottage Grove, Creswell, Florence, gifts, Junction City, lane county, No Money Down, Oakridge, Oregon, usda rural guaranteed loan, Veneta, Westfir |
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The Golden Rule when getting a VA Loan
Since today is Veteran’s Day, I thought I would do a short post about VA Guaranteed Mortgage Loans. We have all heard about the Golden Rule as we were growing up, “Do unto others as you would have them do unto you.” However, when talking about mortgage lending, this time specifically VA Guaranteed Mortgage Loans, the Golden Rule is, “He with the gold makes the rules.” Read More
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Posted in $8000 tax credit, 100% Financing, Eugene/Springfield, First time home buyers, Mortgage Loans, Purchase loans, VA Guaranteed Home Loan, VA Mortgage Loans, first time home buyer |
Tags: $417, 000, air force reserve, army reserve, marine reserve, military active duty, national guard, navy reserve, no down payment, VA Guaranteed Mortgage Loans |
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VA Borrowers To Receive Extension of Tax Credit
Last week, Congress voted to extend the First Time Home Buyer Tax Credit for an additional six months for any service member that served at least 90 days overseas. This is an excellent development for our VA Guaranteed Loan clients, not only can you get a mortgage with no down payment, no mortgage insurance, and expanded credit underwriting, but, if they are a first time home buyer, they also qualify for the up to $8,000 tax credit. Read More
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