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no down payment: Waiting on Congress to Reallocate Additional Funding for USDA Home Loan Programs - 04/19/10 12:41 AM
I posted this article last summer, and use it frequently when providing home buyers with information on one of the few no down payment programs left. USDA is just about out of money for the USDA Guaranteed Rural Housing loan program for 2010, and our local Oregon office has been hopping with the flood of applications. We all have our fingers crossed Congress will reallocate enough money to make this great tool available again, with enough funding to meet the rapidly increasing demand since conventional financing programs and their more restrictive private mortage insurance criteria don't work for many home buyers. … (5 comments)
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no down payment: 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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no down payment: Southern Oregon Realtors - Do Your Buyers Need a Zero Down Home Loan? - 11/14/08 01:11 PM
Southern Oregon Realtors working with residential home buyers, have your clients been considering a great financing tool? USDA Guaranteed Rural Housing is a program that has been underutilized, partly due to restrictive income guidelines that will likely change on January 20, 2009, barring any major objections received during the comment period that will expire January 5, 2009. The proposed income guidelines would mean up to 4 person households may qualify with gross annual income up to $70,750, and up to 8 person households with up to $93,400 based on the current Jackson County Oregon income limits.
Here are some key features … (2 comments)
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no down payment: 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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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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