US/OR FlagsWell, 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 1.% loan origination fee.

 These rates are still well below market rates, helping our Oregon Vets who qualify for this program get a bit more buying dollar than they may get going with other loan programs.

See you at the closing table!

Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com

 
This post has been included in Oregon Information

6 Comments on Oregon Department of Veterans Affairs Loan at 5.125% or 5.25%

FEB
21
2008
4 Featured Posts

Hi Karen,

I actually just closed a loan with mr. Coffey at the ODVA.  I love their program, and would continue to recommend them.  Good information...as I planned on writing a post on the benefits of the ODVA.  Thanks for your time!

 
11:15pm • #1

Hi Sarah -

Both the Federal VA and the Oregon State VA loans have their benefits, but like you, I think the Oregon Vet State Home Loan Program has many benefits to offer our Vets. I look forward to reading your post. Thanks for commenting.
11:30pm • #2
FEB
22
2008
 Myhusband is a vet and has lived in Oregon for the last 10 years.  Would he qualify for Or VA?
9:38am • #3
Krista - the OR Vet loan is a lot like qualifying for a Fannie/Freddie loan, with equivalent guidelines, but the added service requirements. Based on when your husband served, he would definitely be an OR Vet candidate.
9:58pm • #4
MAR
31
2008

hello, do you know if those rates apply to Ohio also? any advice on a good local resource, im just online searching seeing what i can find for VA home loan info.

 

thanks, will

searching for a home in ohio
Will searching for homes in ohio
2:07pm • #5
Will - I don't believe Ohio has a State Veterans Home Loan program. Their website redirects interested Vets to the Federal VA website . Oregon's VA program is basically a conventional loan, modeled after the Oregon Bond Loan. I hope OR Vet Home Loans aren't suspended like the Oregon Bond Loan CashAdvantage program was last week! The Federal VA program is still a good resource for eligible Vets, though, and many lenders offer this program. Hope you find a good one. Thanks for stopping by.
8:54pm • #6

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Karen Cooper - Mortgage Consultant for OR/CA

Ashland, OR

More about me…

American Pacific Mortgage- Karen Cooper, Oregon & California

Address: 301-B Crater Lake Avenue, OR ML License #ML-2338, CA DRE License 01180222, Medford, OR, 97504

Office Phone: (541) 608-6003

Cell Phone: (541) 601-4303

Email Me

26 years experience providing Southern Oregon and California Quality Home Loans| Assisting Oregon First Time Homebuyers with no Down Payment| Specializing in USDA Guaranteed Rural Housing & Oregon Bond Loans| Oregon VA Loans| Farm/Ranch Loans| Aggressively Priced Jumbo Mortgages| 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 and Northern California communities in Siskiyou County| Helping Southern Oregonians and Californians on the road to fulfilling the American Dream of Homeownership

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