There are a lot of common misconceptions about FHA mortgage loans that have been around for a long time. Anyone that got an FHA loan in the 80s or 90s had to go through a lot more paperwork and inspections than are required currently. One of the things that was required on an FHA loan was a compliance inspection by a certified FHA inspector, that is no longer required. This is from an August post of mine on Active Rain about myths about FHA loans.
I know there are Realtors out there that remember the bad old days of FHA financing. I still remember having to have and FHA certified inspector check over the house and make the sellers sweep up the basement or clean a spot on the carpet. Anyone remember the VC sheet (that hasn’t been that long ago)?
Well, that isn’t the case anymore. FHA loans are nearly the same as conventional loans, except in some (many) cases better. Take a look at these common myths about FHA:
- Myth: Takes more time processing.
Truth: Read More
In my continued attempt to familiarize people with the Eugene/Springfield area, I took a day trip to Hendricks Park in late August. The park is available for day use and has areas for picnics and a boat launch. Take a look at the pictures and then take a trip to the park. You can find this in the Local Lane County Information page.
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Take a look at my review of the Holiday Farm Restaurant in Blue River, just a few short miles from Springfield Oregon off of Highway 126. Good food, good service and an interesting area. Check out the review under local Lane County.
authored by Fred Chamberlin, senior mortgage consultant, Eugene/Springfield, Oregon, 541-342-7576
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August 28th, 2008 | 
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