Eugene Loan Guy » FHA 203k Streamline

Oregon FHA Loan Cost Goes Up in 10 Days

Fred Chamberlin — Thu, 25 Mar 2010 15:00:37 +0000

Starting with any new FHA case number assigned on or after April 5, 2010, the up front mortgage insurance premium (UFMIP) for all FHA loans in Oregon (except for Senior Reverse Mortgages) will increase from 1.75% to 2.25%. That means that on a purchase in Eugene with a $200,000 loan amount, the increased UFMIP will be $1,000. Read More

Buying Distressed Properties (and financing them)

Fred Chamberlin — Thu, 04 Mar 2010 19:43:38 +0000

I came across a blog posting from Cristina McBreairty, a RE/MAX REALTOR® in Maine about buying distressed properties. I found it a very interesting series that was well researched. You can read the whole series (starting with part 1) here. Read More

Buying Distressed Properties (and financing them) is a post from: Eugene Loan Guy

President Signs Homebuyer Tax Credit Extension

Fred Chamberlin — Fri, 06 Nov 2009 19:12:52 +0000

Today, November 6, 2009, President Obama signed a bill to extend the tax credit for first-time homebuyers (FTHBs) through June 30, 2010. The bill also opens up opportunities for others who are not buying a home for the first time. Although I have been a supporter of extending the tax credit, I was surprised that the Congress actually got it done. Not only that, but the First Time Home Buyer Tax Credit has been expanded.

President Signs Homebuyer Tax Credit Extension is a post from: Eugene Loan Guy