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100 financing: Ch…Ch…Ch….Ch….Changes – To USDA Guaranteed Rural Housing Program - 01/14/09 12:49 PM
So, do you want the good news or the bad news first? Presuming you are like many who prefer to get the bad news out of the way first, the bad news is USDA Rural Housing programs have already depleted their available funds until Congress reallocates additional funds to them. Stage two of the bad news is the decision to be made on the proposed changes to the income calculations for the USDA Guaranteed Rural Housing program has been postponed until March 20, 2009 (or thereabouts). These proposed changes are:
Current base income limit for all non-high cost counties =
… (12 comments)
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100 financing: Can Eagle Point Oregon Buyers Still Find 100% Financing? - 11/03/08 01:13 PM
Can a home buyer looking to purchase a home in Eagle Point Oregon still find 100% financing? You bet! The variety of program options we have had available to us in the past are not as prevalent, but there are options available, such as the Federal VA Home Loan program for eligible Veterans and the USDA Guaranteed Rural Housing program. These are not subprime mortgages; rather they are long standing programs that buyers' mortgage consultants just haven't told them much about for the past several years.
Let's take a look at how a buyer looking to purchase a home in Eagle Point … (2 comments)
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100 financing: Can Ashland Oregon Buyers Still Get 100% Financing in October 2008? - 10/18/08 03:00 PM
Can a home buyer looking to purchase a home in Ashland Oregon still find 100% financing? You bet! The variety of program options we have had available to us in the past are not as prevalent, but there are options available, such as the Federal VA home loan program for eligible Veterans and the USDA Guaranteed Rural Housing program.
Let's take a look at how a buyer looking to purchase a home in Ashland Oregon who meets the current income criteria shown below may successfully become a homeowner using the USDA Guaranteed Rural Housing program, using this 30 year fixed rate loan … (2 comments)
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100 financing: Freddie Mac 100 Program Elimination Reflects Continued Tightening in Credit Criteria - 03/10/08 02:56 PM
For First Time Home Buyers in Southern Oregon, I typically recommend the Oregon Bond CashAdvantage program when the buyers lack a down payment, so the elimination of the Freddie Mac 100 program will not have much effect on my business practice. I received the following today from one of the lenders:
"ELIMINATION OF THE FREDDIE MAC 100 LOAN PROGRAM - Effective for Locks on or after Monday, March 17, 2008 In response to the continued deterioration of credit quality and declining home values in most areas of the country, Freddie Mac is eliminating the higher risk Freddie Mac 100 loan program. … (2 comments)
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Karen Pierce Cooper
Medford,
OR
More about me…
Karen Pierce Cooper| Housing Counselor |Oregon
Address: PO Box 4126, NMLS#223305 , Medford, OR, 97501
Office Phone: (541) 779-6691
Email Me
Bringing 28 years of experience providing Southern Oregon and California Home Buyers and Homeowners | Serving all of Jackson County Oregon including Ashland- Talent- Phoenix- Medford-Jacksonville- Ruch- Central Point- White City- Eagle Point- Shady Cove- Gold Hill, as well as Josephine County including Grants Pass- Merlin- Wilderville | Helping Southern Oregonians on the road to fulfilling the American Dream of Homeownership - and staying there! ,
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