Worried about financing an FHA Home Loan and then losing your job? My loans now include involuntary unemployment coverage that will make the house payment of up to $1,500 per month. If you should be unemployed through no fault of your own, the program will make the house payment directly to the mortgage holder for our clients in Eugene/Springfield and Lane County Oregon.
The temporary $8,000 home buyer tax credit offered to people purchasing a new residence is set to expire on April 30. The program applies to both first time home buyers and to individuals who have resided in their home for at least 5 of the last 8 years.
To qualify for the program you must purchase [...]
An excellent path to a super deal on a home in Portland is the FHA Good Neighbor Next Door (GNND) purchase program for law enforcement, teachers and emergency personnel. The GNND program allows these buyers to get a home at half price if they live in it for at least three years as their principal residence. Right now there are four such properties on the website in Portland, including this one:
USDA Rural Home Loans are extremely popular loans in suburban Lane County Oregon in towns like Creswell, Cottage Grove, Junction City and Oakridge. 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:
Spokane Washington home buyers, how’d you like to shut out the drafts in that old home you’re looking at, or install a new heating and air system. Or replace all the old windows with new dual pane models?
An Energy Efficient Mortgage (EEM) can do just that. And better yet, you do not have to qualify [...]
Eugene/Springfield Oregon FHA Loans can be closed in three weeks, really! With the time running out on the First Time Home Buyer Tax Credit, this can be a very exciting announcement. The FTHB Tax Credit is available on purchases entered into by April 30 and closed by June 30.
One of the best kept secrets in lending is about to gain a tremendous amount of press. This type of FHA 203K Mortgage is not restricted by the $35,000 cap and it will become more popular as the so called “ghost inventory” starts to get released. These loans are also extremely helpful for homes that are [...]
