Eugene Loan Guy

OK, I am not a Realtor®, and I don’t play one on TV either. I am a mortgage lender specializing in FHA, VA and USDA loans. However, I do work with several very exceptional Realtors® and do know some of the things going on in the Eugene and Springfield area. I also subscribe to several blogs and other services that keep me up on what is happening in our local market and just received one from Trulia which I found most interesting. Home values can vary widely for a number of reasons, including condition, location and urgency.

That is why I found the report I was reading so interesting. One of the properties was a foreclosure so that gives it a lot of urgency and probably only fair condition and the location was OK, but not one of the premiere spots in Eugene and this property was listed at $228 per square foot.  In the same grouping, another home in a similar neighborhood that was also a foreclosure but it was in at $88 per square foot. Interesting difference. Could the condition be that much difference? Or does one bank have less urgency than another?

Other homes that aren’t foreclosures are selling between $99 to $296 a square foot with most of them in the $170 to $180 range in Eugene and a number in the $125 to $135 range in Springfield. Of course, there is a manufactured home for only $33 a square foot or a “fixer-upper” for $72 a square foot. All of this means that there are very affordable homes for sale in Eugene and Springfield. When you couple good prices with exceptional loan rates (from an exceptional loan officer, me) and home buyer tax credits, today really is a good time to buy a home.

If you are interested in finding out if you qualify for one of these outstanding deals, give me a call today at 541-342-7576/541-221-3455 cell or e-mail me. I can also put you in touch with an excellent Realtor® to make the search more enjoyable. Helping you buy a home in the Eugene and Springfield and Lane County area is what I do. At Alpine Mortgage Planning we strive to make the purchase process as painless as possible in the current lending environment. Mortgage loans and real estate lending is our business.

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