Location
32785 State Route 20, Ste 5,
Oak Harbor, Washington 98277
Phone: 360-675-6106
Posts
Many Eugene/Springfield Oregon veterans are wondering whether or not they can buy a home and get a VA loan if they have gone through foreclosure. Because foreclosures in Eugene/Springfield Oregon, like the rest of the country have been high and veterans have not been immune to this, it is a very valid question.
VA Guaranteed Home Loan eligibility in Eugene/Springfield Oregon can be very confusing. Who is and who is not eligible may be a surprise to those that are eligible that may not realize it. As a Vietnam Era U.S. Air Force veteran with 10 years of service, my eligibility is pretty easy to see.
The VA Funding Fee is a fee that is required in order to receive a VA Guaranteed Home loan. It is similar but different than up front mortgage insurance and helps a veteran purchase a home with no money down.
Eugene/Springfield FHA yearly (paid monthly) mortgage insurance goes up April 19. FHA home buyers purchasing homes after that date will be paying a significantly higher mortgage insurance rate.
FHA loans in Eugene/Springfield could become more expensive starting April 1, thanks to a Federal Reserve rule that changes the way loan officers are paid on any loans originated after that date, probably increasing closing costs and interest rates.
When considering using an FHA 203k Streamline program to purchase your next home, look for homes that say fixer upper, or needs TLC or some repairs needed. That is where the Alpine House to Home Program really shines.
If you want to buy that PERFECT Home in the right area but what you find needs work, don’t dispair. Instead think about the Alpine House to Home FHA 203k Streamline loan.
Eugene/Springfield buyers have the opportunity to cash in on great deals on distressed properties using the Alpine Mortgage House to Home FHA 203k Streamline program. The cost of purchase, rehabilitation and repair are included in a single mortgage.
October 1, no money down USDA Rural Guaranteed Loans will have a yearly guarantee fee. The upfront fee will be coming down as the guarantee fee is changed in how it is charged and collected.
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