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Springfield Home Ownership Program (SHOP) out of funds
January 8th, 2010 | 
Author: 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
Posted in $8000 tax credit, Eugene/Springfield, FHA 203b, FHA Mortgage Loans, First Time Home Buyer, Mortgage Loans | 
Tags: $8000 tax credit, 100% purchase, down payment assistance, FHA Mortgage Loans, first time homebuyers, Foreclosures, HUD homes, no money down, shop, springfield home ownership program | 
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What changes are coming for FHA?
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
Posted in $8000 tax credit, Eugene/Springfield, FHA 203b, FHA Mortgage Loans, FHA203K Streamline, First Time Home Buyer, Government Loans |
Tags: 100% purchase, down payment assistance, FHA Mortgage Loans, first time homebuyers, no money down, shop, springfield home ownership program |
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Top 10 Reasons to be a First Time Home Buyer
I have been asked, why should I become a home owner? I have been renting for 5 years and am perfectly happy with my situation. The short answer to that is, “maybe you shouldn’t.” Not everyone should buy a home and a lot of First Time Home Buyers were sold homes that they shouldn’t have bought because the financing was too easy. That had an effect on where we are today. However, that being said, there are a lot of great reasons to become a First Time Home Buyer in today’s more restrictive lending environment. Stealing a bit of David Letterman’s shtick, here are my top ten reasons to become a First Time Home Buyer in today’s Oregon real estate market: Read More
Posted in $8000 tax credit, Eugene/Springfield, FHA 203b, FHA Mortgage Loans, FHA203K Streamline, First Time Home Buyer, Mortgage Loans |
Tags: $8000 tax credit, 100% purchase, down payment assistance, FHA Mortgage Loans, first time homebuyers, Foreclosures, HUD homes, no money down, shop, springfield home ownership program |
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Springfield Home Ownership Program (SHOP) Available
The City of Springfield administers a program to help low to moderate income purchasers get into their first home. It is called SHOP which stands for Springfield Home Ownership Program. This assistance program was created to encourage home ownership in Springfield by assisting low income residents with their first-time home purchase. Use of this program makes 100% purchases a possibility. Read More
