Welcome to USDALoanOregon.com, Oregon’s comprehensive resource for USDA Loans. Here you can find information and even get approved online. Want to see if you are eligible? Looking for rates? We encourage you to contact us by phone or email regarding the USDA Loan process — it can be confusing, we are here to help!


USDA Fees Change

Effective October 1, 2015, USDA Rural Development has increased their funding fee (MIP or Mortgage Insurance ) from 2.00% to 2.75%. This is a fee that gets added to your loan amount and amortized over the 30 year term of the loan. This is higher than the FHA funding fee of 1.75% but USDA still maintains the lowest monthly mortgage insurance of .50% vs. FHA… Read More

USDA Fiscal Year End

As the Fiscal year for USDA Rural Home Loans – October 1st of each year – Rural Development will be issuing “conditional” commitments on these 100% financing loans. Lenders can continue to issue the loan packets and close loans as scheduled, but eligible loans are “subject to the availability of commitment authority”. We will continue to work diligently to close all loans we have, with… Read More

USDA on rental homes

USDA Rural Home Loans do not allow for an income producing property. They will not finance a duplex or triplex. Even if there was just a “dual living” possibility, the home would not be allowed to be financed through USDA by the Oregon USDA office. Mixed use or business type properties are also not allowed. There are many issues that may come up on a… Read More

Record Home Sales

April saw the highest number for pending sales in nearly nine years the National Association of Realtors® (NAR) said today. The market in Oregon was really hot as well. Portland and Bend have been leading the state with record sales figures the last couple years now. The Pending Home Sales Index (PHSI) increased 3.4 percent compared to a slightly upwardly revised March number, 108.7. The… Read More

Best use of the land

Best use of the land USDA had distinct rules regarding the “Best use of the land” which means that if you are trying to buy a farm, commercial property, or any income producing property it would not be a good fit for USDA Guaranteed Home Loan.  These types of properties do have programs specifically for them, such as a farm loan, commercial loan, or FHA,… Read More

USDA Back Log

USDA Back Log   USDA 100% loans have been way behind for the past 4 months or so and in an effort to get caught up, they will suspend accepting applications for 10 days at the end of November 2014.  This is how they expect to get caught up on the 35 day backlog of files.  USDA Guaranteed Home Loans will also undergo an upgrade,… Read More

USDA Income Limits

Double check income limits   Did you know that there are different ways to calculate your income to see if you qualify for a 100% USDA home loan?  Not all lenders know this so don’t be caught in the end of your purchase only to learn that you make too much and don’t qualify.  It is no fun to learn after you have paid for… Read More

USDA Eligible Areas

USDA Eligible Areas   Currently most of Oregon qualifies for 100% financing on a USDA Guaranteed home loan.  USDA is using 2010 census bureau population numbers to keep allowing for those purchases.   This is how USDA is providing a free government incentive to allow more homes in rural areas to qualify for lower income buyers, and not allow the small rural areas to die out. … Read More

USDA Eligible Areas

USDA Eligible Areas There have been many times where a property is located in an area not normally eligible but is, as it can be as little as 500 feet from the allowed city limit, and still be fine for USDA’s 100% – Zero Down home loans.  In the past few years, there were cities that were going to be taken off the eligibility map… Read More

USDA Direct Program

USDA Direct Program   Apply with us for USDA Guaranteed Home Loan NO DOWN Payment.  Another program, USDA Direct is about a year and a half on a waiting list for potential home buyers.  Do not wait – Call Me Today! There is no waiting for USDA Guaranteed Home loan and the income limits are also higher so more buyers are qualified.  I will work… Read More