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 vs. FHA

USDA vs. FHA   Do you know what the difference between USDA and FHA?  With FHA you will have mortgage insurance or PMI (private mortgage insurance).  Home loans with less than 20% down-payment will have some sort of PMI. At the time of this writing FHA PMI is at 1.35% per Month vs. USDA at 0.50% per month ~ a huge difference!  While FHA allows… Read More

Property Must Qualify

Property Must Qualify   For USDA loans, not only does the home buyer need to qualify but also the home / property needs to qualify.  For the buyer to qualify they will need to have their income evaluated to be sure they are qualified under the income limits for their specific area and family.  For the home/area to be qualified, the address will need to… Read More

The Home must qualify for USDA too!

The Home must qualify for USDA too! For USDA loans, not only does the buyer need to qualify, but also the specific property needs to qualify for the loan.  For the buyer to qualify they will need to have their income evaluated to be sure they are qualified under the income limits for their specific area and family.  For the home/area to be qualified, the… Read More

Strong Selling Season

Strong Selling Season   This year in Oregon was a highly attractive selling season as the economy improves, housing confidence rises, and a growing number of homes are expected to go on the market.  Historically Low Rates and home prices are appealing to seasoned and new home buyers.  Take the advantage by pricing your home correctly, making small improvements and repairs and getting inspections and key… Read More

USDA vs FHA Mortgage Insurance Rates

USDA vs FHA Mortgage Insurance Rates Do you know the difference between USDA and FHA?  With FHA or USDA you will have mortgage insurance or PMI (private mortgage insurance).  98% of home loans with less than 20% down-payment will have some sort of PMI (there are many types – call me for an explanation). At the time of this writing FHA PMI is at 1.35%… Read More

Guaranteed USDA vs. Direct USDA

Guaranteed USDA vs. Direct USDA Apply with us for Guaranteed USDA – Direct USDA is about a year and a half on a waiting list for potential home buyers. Do not wait – Call Me! There is no waiting for USDA Guaranteed Home loan and the income limits are also higher so I can get more buyers qualified. I will work with you to determine… Read More

Oregon Real Estate Market

Oregon Real Estate Market This year in Oregon is going to be a highly attractive selling season as the economy improves, housing confidence rises, and a growing number of homes are expected to go on the market. Historically Low Rates and home prices are appealing to seasoned and new home buyers. Take the advantage by pricing your home correctly, making small improvements and repairs and… Read More

USDA vs. FHA for Oregon Home Buyers!

Do you know what the difference between USDA and FHA?  With FHA you will have mortgage insurance or PMI (private mortgage insurance).  98% of home loans with less than 20% down-payment will have some sort of PMI (there are many types – call me for an explanation). At the time of this writing FHA PMI is at 1.35% per Month vs. USDA at 0.40% per… Read More

Great New Changes coming for Rural Housing

Great New Changes coming for Rural Housing’s ZERO DOWN Program.  The Federal Register published Guaranteed Rural Housing Program CFR 3555 to be in effect on September 1, 2014. New: USDA to introduce a construction‐to‐permanent loan feature to encourage construction lending in rural areas.  Eliminate restrictions on dwellings with in‐ground pools. Eliminate flood elevation certificates for dwellings located in flood zones.  We cover ALL of Oregon…. Read More

USDA’s 100% financing is STILL AVAILABLE

GREAT NEWS!!  Don’t wait! USDA’s 100% financing is STILL AVAILABLE on the rural areas around Salem,  Portland and Eugene Oregon that were going to be no longer eligible for these NO Down Payment Rural Development Loans.  USDA is UNIQUE – it takes a specialist to give Buyers the best chance possible….CALL me to see how this program can help Buyers get 100% financing to purchase… Read More