FHA Loans Oregon

Archive for September, 2009

Oregon Public Broadcasting (OPB) radio is planning a segment on Home Buying and the First Time Home Buyer Tax Credit on Wednesday at 5 p.m. You can get updates on the schedule here. I have talked with Sarah Rothenfluch, Executive Producer of "Think Out Loud," and I think this should be of a lot of interest to those that may be considering making the plunge to home ownership. Read More

Do you have an FHA Insured Mortgage Loan in Oregon, Washington or California at a higher than current rate? Have you thought about taking advantage of the FHA Streamline Refinance Program? Then you should be aware of the changes that are coming very soon. Read More

One of the best things about having an FHA loan in Eugene/Springfield, OR in the past was the ability to get a lower rate with a “Streamline” refinance. In this process, about all you had to do was prove you were current on your mortgage, nothing else was required. That all changed on Friday when FHA issued new rules for the FHA “Streamline” refinance program though their mortgagee letter #2009-32. Surprisingly, FHA actually wants you to be able to make your payment too. (LOL) So, they want proof that the borrower is employed and has income. Read More

And $100 to Habitat for Humanity Read More

I recently came across this blog post from Craig Tomlinson of Bell Real Estate of Eugene. He was asking some of the same questions that a lot of people are right now about what is going to happen with FHA loans in the future. Like him, I don’t have the answers to what FHA will be doing, but I do know what they are doing. FHA still is only 3.5% down payment. FHA loans can be combined with the Springfield SHOP and Eugene HAP programs. FHA loans have more liberal underwriting criteria. FHA remains the number one choice for First Time Home Buyers. FHA does not require appraisals ordered through HVCC. Read More