No Money Down OR, WA & CA » Cottage Grove

USDA Rural Guaranteed Home Loan Refinance Changes

Fred Chamberlin — Thu, 11 Feb 2010 23:18:42 +0000

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. Read More

USDA and VA Guaranteed Loans for 100% Financing

Fred Chamberlin — Mon, 30 Nov 2009 22:35:30 +0000

USDA Rural and VA Guaranteed Home Loans are still your best bets for 100% financing in today’s mortgage environment. Both programs have qualification requirements. USDA has maximum income and property location requirements and VA has military service requirements but both have no down payment requirements under $417,000 loan amount, although it would be doubtful you could qualify for a $417,000 loan amount given the USDA maximum income requirements.

USDA and VA Guaranteed Loans for 100% Financing 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