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 Income Limits Have Increased!

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 call I would be happy to take a look and… Read More

Changes to student loan calculations

  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.   Loan Officer Rock River Financial, Inc 388 State St Ste 500 Salem, OR 97301   Ph 503-316-8000 Fx 503-316-8004… Read More

What’s your buying power?

What’s your buying power? When you’re 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’s 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 before or during your loan process… Read More

USDA Snapshot

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’t qualify). If you find a home that you like, your loan officer can check to make sure it’s in an eligible area for you. USDA offers 30- year and 15-year fixed rate mortgages. It… Read More

RURAL ELIGIBILITY CHANGES IN OREGON

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’s Rural Housing Programs. Eight areas are affected by these changes so contact us today before these changes take effect. It is always best to contact a specialist… Read More

Why USDA

Why USDA 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 a first-time homebuyer or you may have bought… Read More

USDA Home Refinance – Fast and Easy

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 mortgage, and you must show 12 consecutive months of on… Read More

A great program for rural areas of Oregon

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’t qualify). If you find a home that you like, call us to make sure it’s in an… Read More

USDA Streamline Refinance

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 program.

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 amount due to your current income level.  USDA will use… Read More