USDA changes stance on student loan payments
USDA makes changes once again. Be prepared – use a USDA specialist. USDA doesn’t accept student loans in deferment with no payments being made. They decided you would need to be making the payment eventually, so they will use a monthly payment for qualifying even when you don’t currently pay any amount or a small … Read more
There’s more than one Type of USDA loan!
Did you know that there are more than one Type of USDA loans? We do the one that allows higher household income and allows some deductions to help you get qualified for our Zero down Home Loans. We do USDA Guaranteed home loans, allowing for moderate household income levels. USDA will calculate all income in … Read more
Zero Down Loans Made Easy
Zero Down Home loans are easy to get approved for when you use Local Lender who specializes in them. USDA guidelines have many rules that not all lenders understand, so it’s best to work with a specialist on these loan programs so you can be sure to have the best chance of getting your loan … Read more
Many buyers qualify for the USDA zero down program
There are thousands of people who would qualify for a rural home loan with just a little professional guidance. Even if you have been turned down by a bank, we have programs that may work for your situation. Our government programs such as VA, USDA (rural), and FHA allow you to purchase with some blemishes … Read more
Are you looking for a zero down loan program?
Are you looking for a no down payment loan with a low fixed rate? If so, then the USDA 100% Home Loan financing is for you. This loan program allows for the highest incomes and lowest rates available. We will pre-qualify and guide you through the process with less stress. New home ownership allows you … Read more
USDA Approved Areas
Each and every year, USDA qualified Areas are reviewed by congress. We have been using 2010 census bureau information for qualifying those areas and this has allowed us to include “expanded areas” that have grown beyond what would typically be allowed. In Oregon this has given us many options and there are only a few … Read more
USDA Income Limits
USDA 100% Financed Home Loans require household income limits by county be verified prior to loan pre-qualification. We can assist you with this process, so make sure you apply through www.USDALoanOregon.com and allow the specialists to get your loan pre-approved for this special loan program. We are local to Oregon, Salem, Portland, Linn, Marion and … Read more
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 … 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 … 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. … Read more
