Posts
Archive for August, 2009
Short Sale Purchase using FHA Financing
August 25th, 2009 | 
Author: Just a short little bid of advice for those thinking that they are going to get the next great deal on a home by buying a “Short Sale” and financing it through an FHA Insured Mortgage. Be prepared for delays! Don’t expect to close within a two to three week window! Read More
How to Save Money on Housing at the University of Oregon and Oregon State University
OK, I know that I am beating a dead horse here, but I think this is important. The $8,000 First Time Home Buyer Tax Credit is set to expire on Nov. 30, 2009. As far as I know there is not extension in the works for this program. THIS IS FREE MONEY FOLKS! Now, combine that with the “Kiddie Kondo” and you have a huge program potential. Send your kid to college (starting next month), co-sign for a house with them, save money on housing and get $8,000 to pay tuition at a fine school like the University of Oregon or Oregon State University or Willamette University or Lane Community College. Read More
Duplex Purchase for FHA First Time Home Buyer
So, you have been considering buying a duplex and having your renter make part of your house payment for you, right? Well, I am looking at the writing on the wall and seeing a change coming as more and more lenders require a minimum of 20% down payment on owner occupied duplexes. Right now, it is possible to purchase a duplex with only 5% down, if it is owner occupied, using conventional financing, but that appears to be changing rapidly. Read More
Posted in Uncategorized | 
Tags: $8000 tax credit, Eugene/Springfield, FHA 203b, fha loans, fha mortgage, First Time Home Buyer, loan consultant, loan officer, mortgage planner, Oregon | 
2 Comments »
Don’t believe everything you are told, either!
I wrote a post recently about not believing everything that you read on the internet, because, face it, there is a lot of misinformation out there. Well today, I got a call from a potential client and he said something that really surprised me having to do with Taylor, Bean and Whitaker (TBW). He was told, by his loan officer, that the last lender that would make FHA 203k Streamline loans had gone out of business that day. Read More
Posted in Eugene/Springfield, FHA Mortgage Loans, FHA203K Streamline, Government Loans, Manufactured homes, Mortgage Loans |
Tags: California, Eugene/Springfield Oregon, FHA 203k Streamline, FHA Real Estate Loans, First Time Home Buyers, Lane County, Manufactured homes, Mortgage Loans, Washington |
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FHA Loan Limit for Lane County could go down!
Right now, the FHA loan limit for Lane County is $343,750. T
hat means you can purchase a home for about $356,000 with a minimum 3.5% down payment. January 1, the FHA Mortgage Loan Limit could change, and not for the better. Read More
