Have Questions? Give us a call: 503-316-8000
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
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
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.
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 … Read more
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. … Read more
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 … Read more
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
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
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 … Read more
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
Contact Info
Apply On-line 24 hours a day with our local Company
Rock River Financial
388 State Street #445
Salem, OR 97301
Office: (503) 316-8000
Fax: (503) 316-8004
Subscribe to Our Blog
Enter your email address: