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 … (6 comments)
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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)
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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)
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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)
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oregon bond loan: $1,000 Down/$1,050 per month PITI Buys a $175,000 Home for Medford Oregon Buyers? - 04/27/08 04:34 PM
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)
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oregon bond loan: Oregon Vet State Home Loan Program Affected By Recent MI Company Changes - 04/25/08 09:52 AM
Our Oregon State Veterans' Home Loan Program has been affected by the recent changes the mortgage insurance companies have made, the same as the recent changes made to the Oregon Bond Loan.
Unlike the Federal VA home loan program, the Oregon program is underwritten to Fannie Mae guidelines, and loans greater … (0 comments)
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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)
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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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oregon bond loan: New Income Limits for Oregon Bond Loan Effective March 14, 2008 - 03/12/08 05:24 PM
There are new income limits going in to place on the Oregon Bond Loan that become effective this Friday, March 14, 2008. For the Jackson County area here in Southern Oregon, there is no change for non-targeted areas, but the income limit will INCREASE for targeted areas. The City of Ashland … (0 comments)
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oregon bond loan: 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 … (2 comments)
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oregon bond loan: Oregon Veterans Home Loan Now at 5.25%/5.125% - 03/09/08 06:57 PM
Like the Oregon Bond Loan, the State of Oregon's Veterans Home Loan increased rates. Effective February 22, 2008, the interest rates were increased to 5.25% with 1% loan origination fee, or 5.125% with 1.50% loan origination fee.
Unlike the Oregon Bond Loan program, these rates are still well below market interest rates, … (0 comments)
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oregon bond loan: Effective March 7, 2008 ANOTHER Oregon Bond Rate Increase! - 03/08/08 12:49 PM
Well, the State of Oregon did not wait long to put their new "no notification policy" to work. The rates were increased March 3rd, and March 7th they were raised again without the usual e-mail going out to lenders participating in this program. The RateAdvantage program is now at 5.625%, and … (0 comments)
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oregon bond loan: Oregon Bond Loan Rate Volatility - 03/06/08 07:11 PM
We just received notification from the State that they reserve the right to adjust the interest rate on the Oregon Bond Loan programs, RateAdvantage and CashAdvantage, just as any market interest rate published by the banks and lending companies. Lending professionals will need to check the Oregon Bond Loan's Reservations website … (2 comments)
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oregon bond loan: MCC A Better Alternative Than Oregon Bond? Maybe, With The Newest Interest Rates - 02/29/08 02:24 PM
The State of Oregon's Bond Loan Program for first time homebuyers will have higher interest rates on Monday. Effective March 3, 2008, the RateAdvantage interest rate will go up to 5.40% and the CashAdvantage interest rate will go up to 5.90%.
I recently did an article comparing the Oregon Bond loans to the … (4 comments)
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oregon bond loan: Shakespearian View of Oregon Bond versus Mortgage Credit Certificate - 02/27/08 12:06 AM
O Affordability, Affordability, wherefore art thou affordability?
Undeniably, first time home buyers in Ashland Oregon have a tough time of it when it comes to entering the Ashland Oregon real estate market for the first time. Other areas of Oregon are struggling with the same challenge of housing affordability versus … (3 comments)
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oregon bond loan: Oregon Department of Veterans Affairs Loan at 5.125% or 5.25% - 02/21/08 11:05 PM
Well, we didn't quite make it 30 days at the previously set interest rates for the Oregon VA Loans, but it was nice while it lasted.
Effective February 22, 2008. Our new 15-to-30-year fixed-rate/loan fee options will be:
* 5.125% with a 1.5% loan origination fee, or,
* 5.25% with a … (6 comments)
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oregon bond loan: How Low Can It Go? How About 4.875% For An Oregon Vet 15 to 30 Year Fixed Rate Loan? - 02/05/08 09:28 PM
Interest rates have been hovering at historic lows for quite a while. It has been several years since I've seen the 30 year fixed rates dip below 5%, though. For qualifying Oregon Vets choosing the Oregon Vet Loan, the Oregon Department of Veterans Affairs says 5% just isn't low enough!
Effective February … (4 comments)
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oregon bond loan: Oregon Bond Rate Advantage Program at 4.95% - 02/03/08 11:33 PM
Have I mentioned before how great I think the Oregon Bond Loan program is for the first time homebuyer purchasing their home in Oregon? This program is designed to help the first time home buyer by giving them a below-market interest rate AND the option to buy a slightly higher, but … (3 comments)
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oregon bond loan: Oregon Vet State Home Loan Program at 5.125% - 01/03/08 06:24 PM
Not only do Oregon Veterans have a wider selection of homes to choose from in today's market, but they have some great program options available to them, too.
The State of Oregon's Department of Veterans' Affairs (ODVA) offers a below market rate program to eligible Veterans. Like the Oregon Bond Loan … (2 comments)
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oregon bond loan: Where Do We Go From Here Jackson County Oregon? - 01/02/08 12:45 AM
Like Alecia Barnes, a real estate broker in Albany, Oregon, I believe that 2008 is going to be great. Well, here in Jackson County, Southern Oregon, the residents of Ashland - Talent - Phoenix - Jacksonville - Ruch - Medford - Central Point - White City - Eagle Point - Shady … (2 comments)
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oregon bond loan: First Time Home Buyers Finding Great Deals! - 11/16/07 03:56 PM
With all the focus on the negative in today's news, I thought I'd throw in a couple of positive scenarios.
#1 Transaction closed September 2007:
A young couple decided the time was right for them to buy their first home. They were married a year and a half ago, have been … (2 comments)
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oregon bond loan: New Affordable Housing in Medford - 11/08/07 08:14 PM
Have you heard of the Grape Street Village Project being built by Rogue Valley Community Development Corporation (RVCDC) at Grape and 11th in West Medford? Unlike the Mutual Self-Help project RVCDC is building in Ashland, this project will only require 100 hours of sweat equity from the buyers. These will be … (0 comments)
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oregon bond loan: New Affordable Housing in White City - 11/05/07 11:41 PM
I was happy to read in our local newspaper that a new Affordable Housing construction project is almost ready in White City, an unincorporated area just north of Medford. Auburn Estates is the name of this development and it looks like a great place for families. Only recently have we seen prices reach this … (0 comments)
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oregon bond loan: Aaaarrrgh! My Income Is Just Too Low to Qualify to Buy A Home! - 10/27/07 12:45 AM
So, you hear all the stories from other people about how they bought their home, but you have given up hope of ever owning your own. Your income affords you a home that is barely livable, and you struggle to pay just for that every month. And, let's not even TALK … (0 comments)
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oregon bond loan: Buyer's Buying Dollar Increases This Monday - 10/19/07 03:46 PM
Good News!
The Oregon Bond Loan rates are going down effective Monday October 22nd. The Rate Advantage Program will be 5.125% for a 30 year fixed and the Cash Advantage Program with the 3% Credit toward the buyer's closing costs/down payment will have an interest rate of 5.625% (5.866% APR on $219,000 … (0 comments)
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oregon bond loan: My Community Mortgage Reduced Add On Makes Pricing More Affordable Then Home Possible - 10/05/07 01:47 PM
Last week, I was thrilled to hear my favorite lender reduced the add-on to the My Community Mortgageprogram, making it more affordable then Freddie Mac's Home Possible program. This product is one of my most favored for the first time home buyer, after the Oregon Bond Loan.
This weekend, I ran … (0 comments)
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oregon bond loan: Oregon Bond Loan - Still the Best Deal In Town - 09/18/07 02:53 PM
I love the Oregon Bond Loan! This program represents a wonderful collaboration of industry partners interested in giving low-to-moderate income buyers a leg-up to experience the many proven widespread benefits of home- ownership experienced not only by the homeowner and their families, but the community at large. In an area like Southern Oregon where living wages are … (4 comments)
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