FHA Loans Oregon » springfield home ownership program

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

Springfield Oregon Grants $4,000 to First Time Home Buyers of Foreclosed Property

Fred Chamberlin — Tue, 08 Sep 2009 22:00:09 +0000

Springfield Home Ownership Program added a grant program to assist First Time Home Buyers in the purchase of foreclosed properties in the City of Springfield Oregon. The program will give First Time Home Buyers purchasing a foreclosed property an additional $4,000 grant for down payment and/or closing costs as long as they qualify for the Springfield Home Ownership Program (SHOP). The SHOP program provides up to $10,000 in interest and payment free money for the purchase of a home in the City of Springfield. Read More