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 Back Log

USDA Back Log   USDA 100% loans have been way behind for the past 4 months or so and in an effort to get caught up, they will suspend accepting applications for 10 days at the end of November 2014.  This is how they expect to get caught up on the 35 day backlog of files.  USDA Guaranteed Home Loans will also undergo an upgrade,… Read More

USDA Income Limits

Double check income limits   Did you know that there are different ways to calculate your income to see if you qualify for a 100% USDA home loan?  Not all lenders know this so don’t be caught in the end of your purchase only to learn that you make too much and don’t qualify.  It is no fun to learn after you have paid for… Read More

USDA Eligible Areas

USDA Eligible Areas   Currently most of Oregon qualifies for 100% financing on a USDA Guaranteed home loan.  USDA is using 2010 census bureau population numbers to keep allowing for those purchases.   This is how USDA is providing a free government incentive to allow more homes in rural areas to qualify for lower income buyers, and not allow the small rural areas to die out. … Read More

USDA Eligible Areas

USDA Eligible Areas There have been many times where a property is located in an area not normally eligible but is, as it can be as little as 500 feet from the allowed city limit, and still be fine for USDA’s 100% – Zero Down home loans.  In the past few years, there were cities that were going to be taken off the eligibility map… Read More

USDA Direct Program

USDA Direct Program   Apply with us for USDA Guaranteed Home Loan NO DOWN Payment.  Another program, USDA Direct is about a year and a half on a waiting list for potential home buyers.  Do not wait – Call Me Today! There is no waiting for USDA Guaranteed Home loan and the income limits are also higher so more buyers are qualified.  I will work… Read More

Double Check Property Eligibility

Double Check Property Eligibility   There have been many times where a property located in an area not normally eligible but is, as it can be as little as 500 feet from the allowed city limit, and still be fine for USDA’s 100% – Zero Down home loans.  In the past few years, there were cities that were going to be taken off the eligibility… Read More

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