FHA Loans Oregon » FHA Mortgage Loans

FHA Changes the rules – AGAIN!

Fred Chamberlin — Tue, 15 Feb 2011 22:03:07 +0000

FHA Loans three and five years ARMs (adjustable rate mortgage) can be a great way help someone that is on the verge of qualifying for a home loan in Eugene/Springfield. They could always be refinanced with an FHA Streamline refinance later to get a 30 year fixed rate.

FHA Changes the rules – AGAIN! is a post from: FHA Loans Oregon

Springfield Home Ownership Program (SHOP) out of funds

Fred Chamberlin — Fri, 08 Jan 2010 18:43:19 +0000

According to an e-mail I received this morning from Jodi Peterson, Management Analyst, Springfield Community Development and Housing, the Springfield Home Ownership Program (SHOP) is out of funds until July 1, 2010. The SHOP program provides down payment and closing cost assistance to low to moderate income borrowers for the purchase of their first home in Springfield Oregon. More about the program is available here. Read More

What changes are coming for FHA?

Fred Chamberlin — Wed, 09 Sep 2009 19:41:51 +0000

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