FHA Loans Oregon » fha 203k

HUD’s Anti-Flipping Rules Change Feb. 1

Fred Chamberlin — Mon, 18 Jan 2010 20:33:20 +0000

HUD announced Friday that the rules on flipping homes will be changing Feb. 1. This could have a huge effect on the Eugene/Springfield, Lane County Oregon market. This is being done in an effort to stabilize home values and improve conditions in communities where foreclosure activity is high according to HUD Secretary Shaun Donovan. I see this as being a boon to our are in getting rid of more of the foreclosures that have been plaguing our market. Under current rules, foreclosures that were still owned by the banks that purchased them could be bought with an FHA loan but any that were purchased from the bank had to be owned for 90 days before an offer could be made on them for an FHA loan.

HUD’s Anti-Flipping Rules Change Feb. 1 is a post from: FHA Loans Oregon

FHA 203k Streamline Can Help with Foreclosures

Fred Chamberlin — Wed, 09 Dec 2009 21:34:39 +0000

Now could be the right time to buy your new home and an FHA 203k Streamline may be the loan to make it possible. I try to keep track of the real estate market in the Eugene/Springfield/Lane County area. I work with several very exceptional Realtors® and know some of the things going on here. I also subscribe to several blogs and other services that keep me up on what is happening in our local market and just received one from Trulia which I found most interesting. Home values can vary widely for a number of reasons, including condition, location and urgency. Read More

FHA Energy Efficient Mortgage – Good Idea??

Fred Chamberlin — Fri, 20 Nov 2009 19:16:07 +0000

FHA offers a benefit to their mortgage products that most people either are not aware of, or if they are aware of it, don’t think it is a great benefit. This is the Energy Efficient Mortgage which gives you the ability to add an additional $8,000 to your mortgage for energy related upgrades, either on a purchase or a refinance. On the surface, this sounds like a really great deal, however, I have found that it leaves a bit to be desired when it comes to the actual implementation.

FHA Energy Efficient Mortgage – Good Idea?? is a post from: FHA Loans Oregon