FHA Loans Oregon » Manufactured homes

Mortgage financing for manufactured home in Eugene/Springfield

Fred Chamberlin — Thu, 16 Jun 2011 22:36:54 +0000

Mortgage loans for the purchase of a manufactured home with its own land are available. I repeat, you can finance the purchase or the refinance of a manufactured home even in today’s lending environment in Lane County. Read More

Reverse Mortgage: Is it right for you?

Fred Chamberlin — Fri, 06 Nov 2009 19:42:24 +0000

Reverse mortgages are becoming popular in America. HUD’s Federal Housing Administration (FHA) created one of the first. The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program which enables you to withdraw some of the equity in your home. The HECM is a safe plan that can give older Americans greater financial security. Many seniors use it to supplement social security, meet unexpected medical expenses, make home improvements and more. Since your home is probably your largest single investment, it’s smart to know more about reverse mortgages and decide if one is right for you

Reverse Mortgage: Is it right for you? is a post from: FHA Loans Oregon

FHA Changes Oregon Streamline Refinance Rules

Fred Chamberlin — Mon, 21 Sep 2009 19:05:35 +0000

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.

FHA Changes Oregon Streamline Refinance Rules is a post from: FHA Loans Oregon