No Money Down OR, WA & CA » lane county

USDA Running out of money shortly

Fred Chamberlin — Fri, 19 Mar 2010 16:00:30 +0000

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

USDA Running out of money shortly is a post from: No Money Down OR, WA & CA

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