Did you know that it’s possible to finance a mobile home or manufactured home with an FHA loan? If you’re in the real estate industry, you probably did but if you’re reading this as a consumer you probably did not know that! Mobile homes are generally much lower cost than convention stick-built construction and the [...]
Do you have an FHA Insured Mortgage Loan in Eugene, Springfield or Cottage Grove Oregon at a higher than current rate? Have you thought about taking advantage of the FHA Streamline Refinance Program? Then you should be aware of the changes that are coming very soon.
Eugene, Oregon - 541-342-7576
Recently, I posted about not believing everything you read on the internet. Realistically, there is a lot of misinformation out there. Now, I have to include not believing everything you are told. I got a call from a potential client yesterday and he repeated something he was told about Taylor, Bean and Whitaker (TBW). His loan officer said that the last lender that would make FHA 203k Streamline loans had gone out of business that day.
Eugene, Oregon - 541-342-7576
Relatives and close personal friends can gift the down payment for your purchase of a new home in the Eugene/Springfield Oregon area. You probably should keep your in-laws happy too, you never know when that can help you. You actually can get a home with no money out of your pocket as long as your [...]
Eugene, Oregon - 541-342-7576
FHA adjustable rate mortgages (ARM) and temporary buy downs are available through several different lenders. First of all, FHA doesn’t offer the programs, the lenders that work with HUD offer the programs and FHA insures them. Of course, if FHA wouldn’t insure the loan program, the lenders sure wouldn’t offer them, would they? And they [...]
Eugene, Oregon - 541-342-7576
What happens if you find that perfect home to purchase and it isn’t quite perfect as it sits? What happens if the bank owns the home and they won’t put another nickel into the property? Or if the seller is not getting anything out of the sale and can’t fix the heating system? What happens if you can’t get the home financed because it needs a new roof and you lender says it isn’t financeable the way it sits. Well, run into the phone booth and change into your 203k Streamline cape and tights, because “Super Streamline” is here to save the day.
Eugene, Oregon - 541-342-7576
A lot of people are not aware that most HUD foreclosures in Oregon are available with only a $100 down payment for owner occupied purchases. Also, you can get up to $5,000 to make repairs on the property as part of the purchase transaction. If the repairs are more extensive, then an FHA 203k Streamline is the way to go but it isn’t available with just $100 down. The homes in Lane County are fairly limited right now with only four in Eugene, one in Junction City and none in Springfield. Here is the current list from the HUD website for homes in the Lane County area:
Eugene, Oregon - 541-342-7576
Financing manufactured homes can be a challenge to especially if you have less than 20% down payment because of the issue of mortgage insurance not insuring a manufactured home, no matter what the strength of the borrower. However, FHA will insure a mortgage loan on a manufactured home with as little as 3.5% down. That is why an FHA mortgage loan is my first choice for financing a manufactured home in the Eugene/Springfield Oregon area.
Eugene, Oregon - 541-342-7576
The Idaho FHA and VA Manufactured Loan programs for refinancing and purchasing homes is a great program that allows borrowers to purchase and or refinance their properties.
Both FHA and VA have loan programs for Manufactured homes. Below are some of the details
FHA/VA Guidelines on LTV’s (Loan to Value) – LTV is the amount of money [...]
Boise, Idaho - 208-859-5825
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