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Archive for the ‘Mortgage Loans’ Category
Eugene/Springfield VA Guaranteed Home Loan FAQs – Part 1
March 22nd, 2010 | 
Author: I recently started a six part series on my FHA Blog about HUD FHA FAQs for FTHBs and thought I should help out my comrades in arms with the same sort of information from VA. This is only going to be a 4 part series, I guess Veterans don’t ask as many questions, LOL. This is part 1 of the series: Read More
USDA Running out of money shortly
The United States Department of Agriculture (USDA) recently announced that program funding for the Single Family Housing Guaranteed Loan Program will likely be exhausted by April. This will have major effect on all Lane County Rural applications. The USDA normally runs out of money near the start of their new fiscal year and have issued Conditional Commitments on loans approved prior to more funding being received. Read More
Two Types of USDA Rural Home Loans
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
Posted in $8000 tax credit, 100% Financing, First time home buyers, Mortgage Loans, USDA Refinance, Uncategorized, usda rural guaranteed loan | 
Tags: 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, Lane County Oregon usda rural development, Monroe OR usda mortgages, Oakridge OR usda rural development loans, Veneta OR usda loans, Westfir OR usda rural home loans | 
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VA Loans Excellent Choice for Jumbo Purchases
How can you buy a home in the Eugene or Springfield are that is priced over $500,000 with less than 20 per cent down? One of the best ways, to my thinking is a VA Guaranteed Home Loan. I know that most often we think of VA loans as not requiring a down payment and that is true if the purchase price/loan amount is below $417,000 in Eugene/Springfield, Lane County Oregon. That changes when you purchase a home for over $417,000 in our area, all of a sudden a down payment is required. Read More
Posted in 100% Financing, Eugene/Springfield, Mortgage Loans, Purchase loans, Uncategorized, VA Guaranteed Home Loan, VA Mortgage Loans |
Tags: $417000 loan amount, air force reserve, army reserve, down payment, jumbo loans, marine reserve, military active duty, national guard, navy reserve, VA Guaranteed Mortgage 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
