FHA Loans Oregon

Archive for the ‘Government Loans’ Category

All new FHA Home Loan case numbers assigned after April 5, 2010 will have an increased Up Front Mortgage Insurance Premium (UFMIP). The increase will be from the current 1.75% to 2.25%. On a $200,000 loan in the Eugene/Springfield Oregon area, this is an additional $1,000 cost. By beating this deadline on a purchase you will also qualify for the First Time Home Buyer Tax Credit if eligible. Read More

This is the third and last in a series about the FHA Good Neighbor Next Door (GNND) program Frequently Asked Questions (FAQs). The Good Neighbor Next Door Program is designed to help law enforcement, firefighters, emergency medical and teachers purchase HUD foreclosed homes in targeted areas to assist in the revitalization of those areas. You can check out HUD property listings here. Read More

Yesterday started a series about the FHA Good Neighbor Next Door (GNND) program Frequently Asked Questions (FAQs) about how certain individuals could purchase a home in Portland Oregon and only pay half of the offered price. This is the second in a series that will answer several frequently asked questions (FAQ) about the GNND program. Here is the link to the currently offered properties but these are only available for the GNND program through today. Read More

An excellent path to a super deal on a home in Portland is the FHA Good Neighbor Next Door (GNND) purchase program for law enforcement, teachers and emergency personnel. The GNND program allows these buyers to get a home at half price if they live in it for at least three years as their principal residence. Right now there are four such properties on the website in Portland, including this one: Read More

Two listings of Eugene homes for sale by the Department of Housing and Urban Development (HUD) are reporting a price reduction today, possibly making them an even bigger deal. These homes, called HUD Homes on are listed the HUD website. These two properties are first offered to people in the Eugene/Springfield, Lane County Oregon area that are going to use them for their primary residence. If there is not enough interest, then they will be offered to anyone. Read More