I receive calls periodically, and was contacted again recently by an Oregon Veteranlooking to use the Oregon Veteran Home Loan program to refinance their home in Southern Oregon. There are a lot of misconceptions about this program, and these folks were recently misinformed. The Oregon Veteran Home loan, like the USDA Guaranteed Rural Housing program, requires:

  • The purpose of the loan be to purchase a home
  • Home must be the borrowers' primary residence

When shopping for your home loan, if you come across something that doesn't sound right, trust those instincts and make sure you double check with another source!

Oregon Veterans Home Loan Program for purchase

Want to find out more about how the first time home buyer tax credit may work for you? Are you purchasing a home in a qualified area and need a great 100% financing program like the USDA Guaranteed Rural Housing program? Are you on hold because your current lender is waiting until Congress approves additional funding for the USDA Guaranteed Rural Housing program? Call me today! (541)608-6003, and I'll help you to close your Oregon or California purchase.

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.

 
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3 Comments on Oregon Vets Who Want To Refinance Look To Programs Other Than Oregon Vet Loan

FEB
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144,004 Points 13 Featured Posts

I had 5 buyers last year that used ODVA.  I love working with that lender.  I wish all lenders worked like they do. 
6:09pm • #1
148,387 Points 2 Featured Posts

Hi Melina - I agree with you that dealing with the Oregon VA underwriters and folks in their home loan office is a pleasure. They are helpful, consistent, knowledgeable and great to work with. What I was referring to above was an Oregon Vet who was told they could refinance their existing mortgage on the OR Vet home loan, but this program is designed for purchase transactions like the 5 you did last year. Thanks for stopping by. 
6:45pm • #2
144,004 Points 13 Featured Posts

I hear you. I make sure that my clients know when they purchase that they can't refi with them. 
10:10pm • #3

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Karen Cooper-Mtg Banker|Broker Ashland|Medford

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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