creswell: Change in USDA Income Limits Finally in Place
- 04/17/09 07:14 AM
The USDA Single Family Housing Guaranteed Program (long name) or SFHGP (short name), undergoes a change on Monday. This has been some time in the works but is finally firm. The maximum income limits to qualify for the program has changed from individual family member stepped program from 1 through 8 to a 1-4 and 5-8 family basis. This is the Rural Guaranteed program that provides 100% financing to people that income qualify for purchases outside of the urban growth boundaries of most metropolitan areas. In Lane County, that means almost anywhere outside of Eugene/Springfield. The income limits, as of Monday, … (11 comments)
creswell: 100% USDA Financing Available for Creswell Oregon
- 10/30/08 08:10 AM
One of the biggest things stopping people from participating in the American Dream today is the ability to come up with the down payment. While talk of a credit crunch keeps some buyers sidelined because of credit problems, many others with good credit are able to get the best deals in years including programs with no down payment! The program leading the way in no down payment requirements (for non veterans) is the USDA Rural Development loan. This loan is available right now for Creswell and who better to show you homes in this community than Bobby Stevens with Eugene's Alternative - Realtors. To qualify for … (1 comments)
creswell: USDA Rural Guaranteed 100% Loan Program for Lane County
- 10/14/08 11:14 AM
I have had several people interested in obtaining a USDA home loan for property in Lane County. I've put together a map of part of the county that should help in identifying areas that qualify for this program. As you might know - it's one of the last TRUE 100% home loans available - and it doesn't have PMI! The rates are comparable to FHA, so it's a very affordable payment! You do not have to have PRESTINE credit, but we generally want to see scores above 580, and 12 months of "clean credit." USDA does require that the property be located in … (2 comments)
creswell: USDA Rural Guaranteed Loan Program offers real estate loans to 102% loan to value for purchases
- 10/06/08 09:00 AM
100% financing has become harder to find but there are still a few options available in Oregon. One is, of course, Federal VA but this is open only to veterans and active duty military personnel. A fantastic opportunity to purchase a home for someone that qualifies. Next would be a FHA loan with some sort of down payment assistance program, of which the only ones currently available are SHOP, HAP and PAL. Unfortunately, HAP and PAL are currently out of money according to recent reports. (Please see previous postings for what these are.) That brings me to the USDA Rural Guaranteed … (12 comments)
creswell: Rural Loan Programs for Lane County, 100% financing available
- 08/07/08 08:52 AM
There are still ways to buy a home with no money down, but it is getting harder to do all of the time. USDA Rural Development is one of them. VA is also 100% real estate purchase financing. Today I want to touch base on the USDA product. We refer to it as FmHA, or a Farm Home instead of FHA, Federal Housing. "USDA provides homeownership opportunities to rural Americans, as well as programs for home renovation and repair. USDA also makes financing available to elderly, disabled, or low-income rural residents of multi-unit housing buildings to ensure they are able to … (4 comments)
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The USDA Single Family Housing Guaranteed Program (long name) or SFHGP (short name), undergoes a change on Monday. This has been some time in the works but is finally firm. The maximum income limits to qualify for the program has changed from individual family member stepped program from 1 through 8 to a 1-4 and 5-8 family basis. This is the Rural Guaranteed program that provides 100% financing to people that income qualify for purchases outside of the urban growth boundaries of most metropolitan areas. In Lane County, that means almost anywhere outside of Eugene/Springfield. The income limits, as of Monday, … (11 comments)
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