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

Karen Cooper - OR|CA Mortgage Consultant - www.Quality4Loans.com
Providing high Quality, Professional, Ethical service to Oregon and California home buyers and owners since 1983. Whether you are taking out your first home loan or your fiftieth, for your home, your second home or for investment, put my knowledge and expertise to work for you.

 
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
148,587 Points 2 Featured Posts

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
148,587 Points 2 Featured Posts
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
148,587 Points 2 Featured Posts
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-Mtg Banker|Broker Ashland|Medford

Ashland, OR

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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

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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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