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veneta: Change in USDA Income Limits Finally in Place - 04/17/09 02:14 PM
The USDA Single Family Housing Guaranteed Program (long name) or SFHGP (short name), undergoes a change on Monday. This has been some time in the works but is finally firm. The maximum income limits to qualify for the program has changed from individual family member stepped program from 1 through 8 to a 1-4 and 5-8 family basis. This is the Rural Guaranteed program that provides 100% financing to people that income qualify for purchases outside of the urban growth boundaries of most metropolitan areas. In Lane County, that means almost anywhere outside of Eugene/Springfield. The income limits, as of Monday, … (11 comments)

veneta: 100% USDA Financing Available for Veneta Oregon - 10/30/08 03:45 PM
One of the biggest things stopping people from participating in the American Dream today is the ability to come up with the down payment. While talk of a credit crunch keeps some buyers sidelined because of credit problems, many others with good credit are able to get the best deals in years including programs with no down payment!
The program leading the way in no down payment requirements (for non veterans) is the USDA Rural Development loan. This loan is available right now for Veneta, and who better to show you homes in this community than Nicola Calvert with Real Estate by Design in Eugene.
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veneta: USDA Rural Guaranteed Loan Program offers real estate loans to 102% loan to value for purchases - 10/06/08 04:00 PM
100% financing has become harder to find but there are still a few options available in Oregon. One is, of course, Federal VA but this is open only to veterans and active duty military personnel. A fantastic opportunity to purchase a home for someone that qualifies.
Next would be a FHA loan with some sort of down payment assistance program, of which the only ones currently available are SHOP, HAP and PAL. Unfortunately, HAP and PAL are currently out of money according to recent reports. (Please see previous postings for what these are.)
That brings me to the USDA Rural Guaranteed … (12 comments)

 
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Fred Chamberlin - Oak Harbor/Whidbey's #1 Experienced FHA Mortgage Consultant

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