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 vs FHA Mortgage Insurance Rates

USDA vs FHA Mortgage Insurance Rates Do you know the difference between USDA and FHA?  With FHA or USDA you will have mortgage insurance or PMI (private mortgage insurance).  98% of home loans with less than 20% down-payment will have some sort of PMI (there are many types – call me for an explanation). At the time of this writing FHA PMI is at 1.35%… Read More

Guaranteed USDA vs. Direct USDA

Guaranteed USDA vs. Direct USDA Apply with us for Guaranteed USDA – Direct USDA is about a year and a half on a waiting list for potential home buyers. Do not wait – Call Me! There is no waiting for USDA Guaranteed Home loan and the income limits are also higher so I can get more buyers qualified. I will work with you to determine… Read More

Oregon Real Estate Market

Oregon Real Estate Market This year in Oregon is going to be 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… Read More

USDA vs. FHA for Oregon Home Buyers!

Do you know what the difference between USDA and FHA?  With FHA you will have mortgage insurance or PMI (private mortgage insurance).  98% of home loans with less than 20% down-payment will have some sort of PMI (there are many types – call me for an explanation). At the time of this writing FHA PMI is at 1.35% per Month vs. USDA at 0.40% per… Read More

Great New Changes coming for Rural Housing

Great New Changes coming for Rural Housing’s ZERO DOWN Program.  The Federal Register published Guaranteed Rural Housing Program CFR 3555 to be in effect on September 1, 2014. New: USDA to introduce a construction‐to‐permanent loan feature to encourage construction lending in rural areas.  Eliminate restrictions on dwellings with in‐ground pools. Eliminate flood elevation certificates for dwellings located in flood zones.  We cover ALL of Oregon…. Read More

USDA’s 100% financing is STILL AVAILABLE

GREAT NEWS!!  Don’t wait! USDA’s 100% financing is STILL AVAILABLE on the rural areas around Salem,  Portland and Eugene Oregon that were going to be no longer eligible for these NO Down Payment Rural Development Loans.  USDA is UNIQUE – it takes a specialist to give Buyers the best chance possible….CALL me to see how this program can help Buyers get 100% financing to purchase… Read More

Rate Loan Jumps .19%

According to Freddie Mac, the average 30-year fixed-rate loan has increased to 4.35%, up .19% from last week, and the highest level since mid-September. The average 15-year fixed-rate mortgage also jumped, averaging 3.35%, up .8% from the previous week. Additionally, a government report stated that 204,000 jobs were added to the market in October. More here

USDA, FHA, and VA Rates remain at fabulous low

RATES ARE STILL HISTORICALLY LOW… USDA, FHA and VA Rates remain at fabulous lows.  The entire state of Oregon has very affordable homes. Now is the perfect time to buy – while both rates and prices are down to the lowest we have seen in over 50 years…but they won’t stay this low forever so Apply Now!   Call or apply today for your options on… Read More

Steps to ensure a quick and smooth Mortgage Loan Process

Important steps to ensure a quick and smooth Mortgage Loan Process:  Find an EXPERIENCED BROKER or Small Banker who can push the process along smoothly and quickly.  Use someone LOCAL to Oregon; we cover all of Oregon from Portland and Salem all the way down to Eugene and Grants Pass.  Initially, get pre-approved from a lender like us.  Then, be sure to write the Contract… Read More

USDA is 100% financing and ASSUMABLE

USDA is 100% financing and ASSUMABLE.  If you own a home with an assumable loan, once you are ready to sell, this becomes an option for the Buyer that will be very attractive in the next 5 – 30 years.  WHY is this important?  Because both Home Prices and Rates will not stay at these historic lows.  With an assumable loan, the highly attractive rates… Read More