Posts Tagged ‘refinance’

USDA Rural Guaranteed Home Loan Refinance Changes

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

Real Estate Update – “Making Home Affordable Program”

Since I have three separate sites, I try to keep the information separate from one to the other, but there are times that the information that I am giving covers the spectrum of not only general lending and community information (http://eugeneloanguy.com), but also FHA loans (http://fhaloansoregon.com) and the no money down arena (http://no-money-down-usda-mortgage.com). That is the case with the President’s new “Making Home Affordable Program” and the updates about financing options that I just posted here.

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