real estate mortgage loans: Appraisal requirements are changing and have changed - 01/28/09 06:56 AM
Inflated appraisals were cited as one of the things to blame for the mortgage melt down and have continued to be a concern for several months. More and more companies are tightening up on their appraisal requirements and requiring that the appraisal comparables be within a certain area and within a certain time frame. Here are the latest appraisal changes from Countrywide:  
New Appraisal Requirements:
The appraiser must be provided with a copy of the Purchase Contract and all Addenda to ensure that any financing and/or sales concessions are considered when determining any impact on the value of the property.
… (18 comments)

real estate mortgage loans: 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)

real estate mortgage loans: USDA Rural Guaranteed 100% Loan Program for Crook County - 10/14/08 09:35 AM
I have had several people interested in obtaining a USDA home loan for property in Crook 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 … (0 comments)

 
Fred Chamberlin, Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant (Guild Mortgage Co - Oak Harbor WA)

Fred Chamberlin

Oak Harbor/Whidbeynulls, #1 Experienced FHA...

Oak Harbor, WA

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Guild Mortgage Co - Oak Harbor WA

Address: 32785 State Route 20, Suite 5, oak Harbor, wa, 98277

Office: (360) 675-6106

Mobile: (541) 221-3455

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