Posts Tagged ‘eugeneloanguy’

FHA and VA loan application surged to the highest level since 1990 in June. Check out with the Eugene Loan Guy, Fred Chamberlin, has to say about it for the Eugene/Springfield Oregon area. Read More

I just wanted to announce my new Blog Heading. I think it is really awesome. For those of you that are familiar with OREGON, you will recognize the Three Sisters, a truly unique Oregon feature. For those of you that aren’t, welcome to the beauty of my home state. Oregon has many natural beauties, from the Cascade Mountains to the Eagle Cap Wilderness Area, mountains are fantastic guardians of our state. Also, on out western edge, the Pacific Ocean offers unbelievable scenic opportunities Read More

According to the news reports that I am reading, the “Stimulus Bill,” both House and Senate versions have a provision for the $7,500 first time home buyer tax credit to actually be a credit rather than a 15 year interest free loan. Since both versions of the bill have this in it, it is nearly a fait d’ complete that it will happen.

It will be interesting to see how this bill progresses and what changes come about because of it. It is my opinion that making this an actual credit is an excellent way to spur purchases by first time home buyers.

Read More

I guess I can’t talk about the first time home buyer $7,500 tax credit too many times. People are very interested in this program. First of all, let me stress that there are limitations and qualification for this program. The most stringent is that it is available for homes purchased between April 9 of last year (2008) and July 1 of this year (2009). If you miss that window, you miss the tax credit. There is talk about extending this window, but nothing has happened yet.

Next, the credit is only available to single taxpayers with an Adjusted Gross Income (AGI) of $75,000 or less or married taxpayers with a AGI or $150,000 or less to get the full credit. Lesser credits are available for those making more than the limits listed here. Read More

Jonathan Blackwell is one of my associates in Atlanta GA and he has taken the FHA 203k Streamline Rehab loan to an art form. Not only has he got the lending aspect covered, but he has also developed relationships with contractors that are already approved for the process. He lists some very valid points about FHA203k Streamline mortgage loans that are really apply to the Eugene/Springfield market.

Looking to Renovate? 5 Reasons to Think FHA 203K

Posted by Jonathan Blackwell Read More

I wrote this entry about the tax credit for first time home buyers that is part of the Housing Act of 2008 in September in my Active Rain Blog. I have had a lot of questions from people about this program so I felt it was time to renew the post and let people know how they can use the $7,500 first time home buyer tax credit to their advantage when purchasing their first home.

First Time Home Buyer $7,500 Tax Credit and How To Use It for Down Payment

First of all, it needs to be stressed that there are limitations and qualification for this program. The most stringent is that it is available from homes purchased between April 9 of this year (2008) and July 1 of next year (2009). If you miss that window, you miss the tax credit.

Next, the credit is only available to single taxpayers with an Adjusted Gross Income (AGI) of $75,000 or less or married taxpayers with a AGI or $150,000 or less to get the full credit. Lesser credits are available for those making more than the limits listed here. Read More

• Share this:
• Email
• Reddit
• Facebook
• StumbleUpon
• Digg
• Print