Oregon Senior Reverse Mortgage – Top 5 Reasons

An FHA HECM Reverse Mortgage can be an excellent choice for Senior Citizens in Oregon. According to a 4 year old survey by AARP, the top five reasons are:

Portland Properties Available at Half Price for Good Neighbor Next Door

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:

Joint Applications when you split up in Eugene/Springfield OR

This site gets questions about mortgage items and I answer the ones that I feel are the most interesting to me and hopefully to others. This one has to with a jointly held mortgage when the people are no longer joint. This can happen anywhere, not just in the Eugene/Springfield Oregon are. Here is the question:

Eugene Oregon Property for $100 Down Payment from HUD Homes

Eugene/Springfield home buyers can find house for sale by the Department of Housing and Urban Development (HUD), called HUD Homes on the HUD website. These homes are first offered to people in the Eugene/Springfield, Lane County Oregon area that are going to use them for their primary residence. As an owner occupied purchase, many of the homes on the website qualify for a $100 special down payment program. That is right, only $100 down and if the seller (HUD) pays the closing costs, that means you can get into a home with only $100 out of pocket. One such HUD Home currently listed on the website:

HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS IN NEW JERSEY

A measure to help bring stability to home values and accelerate sale of vacant properties went into effect February 1st, 2010.

Using an FHA 203K Streamline for Needed Repairs

This question was posted on our website recently. It is a complicated question with a very simple answer. If you want to purchase a home that needs some repairs and would like to include the repairs in your loan, the way to do it is with an FHA 203k Streamline. This loan works no matter where you are and is one of the easiest ways to get your home in tip top shape once you purchase it. The Eugene/Springfield, Lane County Oregon area has some prime properties that this is an exceptional way to advance. Here is the question:

Jim & Natalie almost lose their home!

Recently Jim & Natalie came to me for advice. I had helped them get into a house a few years earlier when a large national lender changed the game on them at the last minute and asked for a larger down payment. I won’t name names but….. it was Bank of America, shhhh. I got [...]

FHA Rules Help Los Angeles Flip Market

New FHA rules will greatly aid in the home sales market of foreclosed properties in Los Angeles and other areas of California.  HUD has announced a temporary waiver of its regulations providing that a loan will not be eligible for FHA insurance if the contract of sale for the purchase of the property is executed within [...]

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