Fred Chamberlin

MLO 271072 OR & WA

Retired Mortgage Advisor

Oak Harbor WA 98277

541-221-3455 cell

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Are you a Eugene/Springfield housing optimist or pessimist?

Housing in Eugene/Springfield fell off the highs of 2010 during the first quarter of 2011. And the Register Guard finds this as reason for gloom in the local real estate market.

I like the story of the two boys, one an optimist and the other a pessimist. They were both shown rooms full of horse manure. The pessimist said, “Oh no! Horse manure. The optimist started digging knowing there was a pony in there somewhere.

I think it is time we started digging. There is a pony in there and it is up to us to find it.pony thumb Are you a Eugene/Springfield housing optimist or pessimist?

Let’s look at a few facts and observations that the Register Guard didn’t cover in their article here. Although unemployment is high, it is in the process of going down. Although there are a lot of people out of work, there are a lot more working than not working.

If you sell you house for less than you paid for it, you could take a loss but if you are interested in moving up to a larger or better home, there has not been a better time to do it.

Yes, rates have started up, but overall they are still below 5%, a historically low number. Yes, homes mostly have to have a down payment, but many people can get enough from their tax returns for the minimum down payment that FHA requires. Additionally, USDA offers no down payment loans in outlying cities like Cottage Grove, Veneta, Creswell and Junction City that many people qualify for.

Additionally, many of our citizen soldiers can qualify for a VA loan after spending time in a war zone. Students can purchase homes using their parents as cosigners in many instances.

Prices are low yes, but that is good and bad, not just bad. Banks have inventory of homes for sale so exceptional deals can be made. Special programs, like the FHA 203k Streamline are available to make the home that is in need of TLC, your home!

It really is time to shout it from the rooftops that it is an ideal time to buy a home.  I don’t sell homes, I leave that to the wonderful Realtors® that I work with, however, I do help people purchase them. Even if you don’t qualify today, it might be time to find out and get on track for the future.

Contact me

Navigating the mortgage approval process doesn’t have to be daunting. With me on your side those hurdles can be overcome. I am available right now to help you with the loan process and know the ins and outs of FHA, VA, USDA and conventional financing. If you want to buy a home using an FHA loan or refinance using VA, I am here to help. Contact me at Alpine Mortgage Planning, 1200 Executive Pkwy., Ste. 100, Eugene OR 97401, 541-342-7576/541-221-3455 cell or by e-mail. Only you can make the choice it is time to get the process started.

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