{"id":1249,"date":"2022-11-01T15:40:25","date_gmt":"2022-11-01T15:40:25","guid":{"rendered":"https:\/\/www.usdaloanoregon.com\/?page_id=1249"},"modified":"2022-11-01T20:48:22","modified_gmt":"2022-11-01T20:48:22","slug":"usda-news","status":"publish","type":"page","link":"https:\/\/www.usdaloanoregon.com\/usda-news\/","title":{"rendered":"USDA News"},"content":{"rendered":"
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USDA Guarantee Program<\/a><\/h2>\n\n
Did you know that there is an option for consumers that want to purchase a home but are on the lower end of the income level? There is! These loans only account for 1% to 2% of the home loan market in the US. The USDA Guarantee Program can help those people that have some … Read more<\/a><\/div>\n<\/div><\/div><\/div>\n\n
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USDA Income Limits Have Increased!<\/a><\/h2>\n\n
USDA has recently increased the income limits in Oregon. If you applied for a USDA home loan in the past but made too much money and were denied, I encourage you to reach out to me. If you did not apply before because you were worried you made too much money please give me a … Read more<\/a><\/div>\n<\/div><\/div><\/div>\n\n
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Changes to student loan calculations<\/a><\/h2>\n\n
UPDATE USDA Zero down Guaranteed home loan program has updated their student loan policies. We can now use .05% of the outstanding balance against your debt to income ratios instead of the full 1%. This allows for you to qualify for a larger loan.<\/div>\n<\/div><\/div><\/div>\n\n
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What\u2019s your buying power?<\/a><\/h2>\n\n
When you\u2019re considering purchasing a home with a USDA loan you want to keep your debt low. The USDA Rural Loan has more conservative debt ratio requirements.  It\u2019s simple, the less debt you have the larger loan amount you can qualify for (your buying power). You do NOT want to take out any new loans … Read more<\/a><\/div>\n<\/div><\/div><\/div>\n\n
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USDA Snapshot<\/a><\/h2>\n\n
USDA Rural Development Guaranteed Housing is backed by the U.S. Department of Agriculture. This loan is designated specifically for eligible suburban and rural homes (so homes in big cities usually don\u2019t qualify). If you find a home that you like, your loan officer can check to make sure it\u2019s in an eligible area for you. … Read more<\/a><\/div>\n<\/div><\/div><\/div>\n\n
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Rural Eligibility Changes in Oregon<\/a><\/h2>\n\n
RURAL ELIGIBILITY CHANGES IN OREGON to take effect June 4th, 2018. Rural Development in Oregon has completed its 2017-2018 periodic review of all areas under its jurisdiction to identify areas that no longer qualify as rural for USDA\u2019s Rural Housing Programs. Eight areas are affected by these changes so contact us today before these changes … Read more<\/a><\/div>\n<\/div><\/div><\/div>\n\n
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Why USDA<\/a><\/h2>\n\n
USDA Guaranteed Home Loans are great loans for those with moderate income. USDA has the lowest Mortgage Insurance on any loan type low down loan. There is ZERO down payment required and low interest rates. Perfect credit is not needed, you can qualify with a credit score as low as a 620. You can be … Read more<\/a><\/div>\n<\/div><\/div><\/div>\n\n
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USDA Home Refinance \u2013 Fast and Easy<\/a><\/h2>\n\n
Are you already in a USDA home mortgage but want an even better rate? The USDA program has a streamline refinance option. There are no credit, appraisal, or inspection requirements. The requirements for a USDA Streamline Refinance include: The property must be your primary residence, it must already be a USDA Guaranteed or USDA Direct … Read more<\/a><\/div>\n<\/div><\/div><\/div>\n\n
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A great program for rural areas of Oregon<\/a><\/h2>\n\n
USDA Home Loan USDA Rural Development Guaranteed Housing is backed by the U.S. Department of Agriculture. This is a great program for rural areas of Oregon, and smaller towns. This loan is designated specifically for eligible suburban and rural homes (manufactured and homes in big cities usually don\u2019t qualify). If you find a home that … Read more<\/a><\/div>\n<\/div><\/div><\/div>\n\n
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USDA Streamline Refinance<\/a><\/h2>\n\n
ATTENTION USDA Borrowers! Great News! We have a new USDA Streamlined Refinance to get your rate lowered without an appraisal. This program has no out of pocket costs, saves you money, and reduces your interest charges. In many cases, you can even skip a month. Contact us today to see if you qualify for this … Read more<\/a><\/div>\n<\/div><\/div><\/div>\n<\/div>\n\n
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