oregon bond loan: Have You Encountered Financial Difficulties and You Have An Oregon Bond Loan? - 06/24/09 04:47 PM
I have heard from several Oregon Bond borrowers now who are struggling due to financial hardships, and running in to difficulties due to the owner occupancy requirement and the potential recapture tax provision a homeowner may face on an Oregon Bond loan when they sell their home and their income has … (2 comments)
oregon bond loan: Oregon Bond Loans Temporarily on Hold in 2009 Until Further Funding Is Acquired - 03/18/09 01:08 PM
We've been receiving warnings that the Oregon Bond Loan funds were running out, with insufficient interest by investors to purchase the bonds that fund this program. The time has come - funds are gone! Until more bonds have been sold to re-fund the Oregon Bond Loan, first time home buyers in … (10 comments)
oregon bond loan: Spring is Here, But Is The Bottom Here For the Real Estate Market In Southern Oregon? - 03/16/09 06:03 PM
Looking outside on this rainy, winter day here in Ashland, Oregon, you wouldn't think that spring is so close. But, one of our first signs of spring here in the Rogue Valley are the daffodils. Not only is spring right around the corner, but it seems that the buyers here in … (2 comments)
oregon bond loan: Oregon Not Set Up to Fund $8000 Tax Credit Through Closing - 03/10/09 02:26 PM
It is with regret that I report the findings of my quest to find a way for qualified Oregon home buyers to utilize the $8,000 tax credit recently approved, and apply it to their down payment on home purchases.
The State of Oregon does not have the necessary revolving fund needed … (0 comments)
oregon bond loan: Is The $8,000 Tax Credit Approved Government Down Payment Assistance? - 03/06/09 12:07 AM
There are a TON of changes coming through the latest stimulus packages. I think eligible buyers just were given a Government Funded Down Payment Assistance Program with this $8,000 tax credit if it is funded through the Mortgage Revenue Bond programs in the individual States, like Oregon Bond Loan for us. The … (7 comments)
oregon bond loan: Going, Going, Gone Soon - Oregon Bond Loan Funds Almost Depleted - 03/05/09 11:51 PM
Notice has gone out that based on current demand levels, the Oregon Bond Loan will likely be out of funds sometime in April 2009. Due to the upheaval in the bond market, there is no set time frame for when this program will be re-funded, as the sale of the mortgage … (0 comments)
oregon bond loan: One Step Forward, Two Steps Back - 02/17/09 08:50 PM
Having been in the real estate/finance industry since 1983, I've ridden many waves over the years in the mortgage industry. With interest rates on fixed rate loans in the high teens when I entered the lending world, adjustable rate mortgages were becoming the "new thing", from the Graduated Payment Mortgage loan … (8 comments)
oregon bond loan: Southern Oregon First Time Home Buyers – Will $8,000 Help You Buy A Home? - 02/13/09 02:41 PM
There is some good news on the horizon for home buyers who are ready, willing and able to enter the world of homeownership!
There are several provisions in the overall stimulus package that should be on President Obama's desk to sign Monday. One of the most beneficial provision for home buyers … (0 comments)
oregon bond loan: Is 4.50% The Mortgage Interest Rate You Are Looking For To Help You Buy Your First Home? - 02/04/09 02:33 PM
During follow up calls with existing clients last year, several of them mentioned that they had friends and relatives they are referring to me that were holding off until after the first of the year and/or the new president took office before venturing in to the waters to purchase a home. … (0 comments)
oregon bond loan: Oregon Bond Lowers Rates (Finally!) - 12/19/08 04:44 PM
I am a big fan of the Oregon Bond loan program for first time home buyers. It has been very sad not having this tool in my chest, while the State of Oregon grappled with the stagnant bond market, unable to sell the bonds that fund this program except for a … (2 comments)
oregon bond loan: Forget Wall Street and Main Street, How About Opportunity Street? - 10/22/08 03:17 PM
This week has made me feel a bit like this hamster. Running, running, running...but still in basically the same place. Trying to re-boot this mentality, I thought I'd do some market research for this gorgeous area I live and work in, Southern Oregon.
Just out of curiosity, I thought I would … (2 comments)
oregon bond loan: Seventy-Five Hundred Reasons for First Time Home Buyers to Buy NOW! - 08/11/08 11:34 AM
So HR 3221, the Housing & Economic Recovery Act of 2008, was signed by President Bush, and as with many of today's proposed solutions it comes with good and bad news. So, first time home buyers - want the bad news first? The "bad news" is Seller Funded Down Payment Assistance … (7 comments)
oregon bond loan: Oregon Rate Increases On Both State Bond Programs - 06/16/08 11:58 AM
Indicators have been pointing this direction, with signs of inflation in the economy and continued tightening in the credit markets, but the State made their move last week raising interest rates. These programs are still priced well below going market rates in equivalent conventional and government home loan programs.
The Oregon State … (0 comments)
oregon bond loan: Market Insight From A Frustrated 25 Year Industry Veteran - 06/02/08 05:53 PM
I was at a real estate forum a couple of weeks ago, and the topics being discussed seemed as though they must be similar to those being discussed in local communities all over the U.S. I, personally, can vouch for encountering many of the same situations while making calls to get … (2 comments)
oregon bond loan: Four More Ways To Buy A Medford Oregon Home With $1,000 - 05/07/08 12:12 AM
Have you been savings your pennies to buy a home, and your Piggy Bank is filled up and ready to go? I couldn't believe the number of homes that Krista Bolf shows are currently available for sale for under $200,000 in Medford, Oregon. Students who have been attending the HUD approved … (4 comments)
Did you know that a First Time Home Buyer in Medford, Oregon could buy a $175,000 priced home with as little as $1,000 of their own funds and have payments of about $1,050 per month including their principal, interest, taxes and insurance on a 30 year fixed rate mortgage? This is … (2 comments)
Unlike the Federal VA home loan program, the Oregon program is underwritten to Fannie Mae guidelines, and loans greater … (0 comments)
oregon bond loan: Back To The Days of 20% Down Payment? Oregon Suspends CashAdvantage Program - 04/01/08 10:24 PM
I was on vacation soaking up some sun and warmth in Southern California last week. Returning home, reaffirmed in our appreciation of the slower pace and more peaceful life we have here in Southern Oregon leaving the freeway shootings behind, I find one of my favorite loan programs has come under fire.
The … (8 comments)
oregon bond loan: Oregon Veterans Home Loan Now at 5.50%/5.375% - 03/13/08 08:23 PM
Like the Oregon Bond Loan's RateAdvantage and CashAdvantage programs, the Oregon Department of Veterans' Affairs will be increasing their available interest rates for new applications effective Friday, March 14, 2008. Their new 15-to-30-year fixed-rate/loan fee options will be: * 5.375% with a 1.5% loan origination fee, or, * 5.5% with a 1.% loan … (0 comments)
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I have heard from several Oregon Bond borrowers now who are struggling due to financial hardships, and running in to difficulties due to the owner occupancy requirement and the potential recapture tax provision a homeowner may face on an Oregon Bond loan when they sell their home and their income has … (2 comments)
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