Tag Archive | "eugene"
FHA requests, House passes, increased yearly mortgage insurance premium
FHA became the loan of choice for Eugene/Springfield buyers after the housing bubble burst.
Continue reading...FHA Streamline Refinance Rules for 2010
Monday, June 14, 2010
You may have heard that in 2010, getting approved for the popular FHA-to-FHA refinance program became much more difficult than in the prior year.   Here are the main areas where the FHA has toughened up! 97.75% max LTV Income verified Must be employed at the time of application Must verify cash needed at closing FHA homeowners must commission a full appraisal in order to
Continue reading...Oregon HUD FHA FAQs for FTHB – Part 6
Monday, March 29, 2010
This is the sixth and final part of my series of FAQs for the First Time Home Buyer. Through this series, I hope it will help you make a more informed decision about buying a home in the Eugene Springfield Oregon area. Nothing is static in the lending world
Continue reading...Oregon HUD FHA FAQs for FTHB – Part 3
Wednesday, March 24, 2010
The FTHB, First Time Home Buyer, should ask a lot of questions to make an informed decsion before buying a home in the Eugene Springfield Oregon area. What does it cost to buy a home?
Continue reading...Oregon HUD FHA FAQs for FTHB – Part 2
Tuesday, March 23, 2010
This is the second in a six part series covering FAQs, Frequently Asked Questions, hopefully to help the FTHB, First Time Home Buyer, make an informed decision about buying a home. Today we discuss grants and finding the right Real Estate Broker.
Continue reading...Oregon HUD FHA FAQs for FTHB – Part 1
Monday, March 22, 2010
HUD is Housing and Urban Development, the parent agency of FHA (Federal Housing Administration). FAQs are Frequently Asked Questions and FTHB is First Time Home Buyer.
Continue reading...FHA UFMIP Increase Coming – Buy Eugene/Springfield Now!
Friday, March 5, 2010
FHA's Up Front Mortgage Insurance Premium (UFMIP) for purchases and refinances in the Eugene/Springfield Oregon area will increase the current 1.75% to 2.25% on case numbers assigned after April 5. On a $200,000 loan FHA Mortgage Loan in Lane County, this is an additional $1,000 cost. Beating this deadline on a purchase will also qualify you for the First Time Home Buyer Tax Credit if eligible.
Continue reading...Joint Applications when you split up in Eugene/Springfield OR
Friday, February 26, 2010
This site gets questions about mortgage items and I answer the ones that I feel are the most interesting to me and hopefully to others. This one has to with a jointly held mortgage when the people are no longer joint. This can happen anywhere, not just in the Eugene/Springfield Oregon are.
Continue reading...Hang on to that Taylor, Bean and Whitaker payment (for now)
Friday, August 14, 2009
Taylor, Bean and Whitaker not only is not making loans an longer , but they are also not servicing the loans that are in their portfolio. Because of that, many home owners are wondering what to do about their payment, me included
Continue reading...Eugene/Springfield Oregon FHA Loan Limits Could Change
Tuesday, August 4, 2009
The current FHA loan limit for Eugene/Springfield Oregon is $343,750. It is possible to purchase a home for about $356,000 with a minimum 3.5% down payment
Continue reading...
Monday, June 14, 2010
0 Comments