VA Loan Myths


Tim Lucas

Posted on: December 12, 2020

Because of their complexity relative to other mortgage programs, VA loans are the subject of plenty of different myths. Some of these myths are based on truths, but what you hear can end up being very misleading, and it could be entirely untrue.

If you were to take these myths at face value without doing your own research, you might miss out on one of the best mortgage products available. Here’s the truth to some of the biggest myths surrounding VA loans:

Click to check today’s VA rates.

Myth #1: VA loans can only be used once

Because of how useful VA loans can be, some people believe they’re too good to be true. The myth VA loans can only be used once is completely false, but it’s easy to see where this mistaken idea might have come from. If you currently have a VA loan, you are not eligible for a second one.

However, this doesn’t mean you aren’t eligible for a second VA loan ever again.

Once you pay off your current VA loan, you’re eligible to use the program again. There are some small differences after the first time, such as a slightly higher cost at closing. But aside from the small differences, your second VA loan will be similar to the first one that you paid off.

Myth #2: VA members are guaranteed a mortgage

Nobody is guaranteed any type of mortgage, regardless of which mortgage program they’re applying for or whether they’re veterans. You must be approved for a mortgage, which means — depending on which program you choose — meeting credit requirements and having a specific debt-to-income ratio, among other factors.

When a lender says a VA loan is “guaranteed,” they mean the VA backs the loan. The VA guarantee is there to tell veterans they can get a mortgage with no required down payment, competitive mortgage rates and other benefits.

You can learn more about what “guaranteed” means here.

Myth #3: VA appraisals are impossible to pass

It is true that VA appraisals can be stricter than an appraisal with a different mortgage type. But that doesn’t mean they’re impossible to pass, and many VA home buyers don’t have any trouble with the VA appraisal at all. Because the VA is backing the home, they want to confirm it’s in good and livable condition before they approve any type of loan.

If you are applying for a VA loan and want to have a quick, speedy appraisal process, check here for some tips on how to pass the appraisal.

Check your VA eligibility.

Myth #4: Today’s home prices require a higher down payment

There’s no denying home prices have increased over the past decade. This has made homes harder to afford for many would-be home buyers, since down payments are usually used to lower the costs of monthly payments. The higher the downpayment, the lower the monthly payments.

Here’s the truth: with a VA loan, you don’t need to make a down payment and you can still afford a house. The key to buying an affordable home isn’t the size of the down payment, but finding a home within your means.

Many VA members purchase a home without a large down payment. In March, the average down payment for a VA loan was just two percent – below the minimum 3.5% required by FHA loans, and much lower than the traditional 20%.

While a larger down payment will lower your monthly costs, you probably don’t need to make a larger downpayment to be eligible for a VA loan.

Myth #5: VA loans take forever

When comparing FHA loans, conventional loans and VA loans, VA loans are typically the slowest program. According to mortgage software giant Ellie Mae’s October 2020 Origination Report, VA loans took an average of 54 days to close.

By comparison, FHA loans took 52 days to close, and conventional loans took an average of 54 days as well.

So yes, a VA loan is likely going to take longer to close than another program. However, a difference of 2-3 days is small when you consider how much lower VA rates are.

VA loans are slower than other mortgage types, but they do not take forever.

Click to start the VA home buying process.

Myth #6: Surviving spouses don’t qualify for VA mortgages

Actually, many spouses of veterans can qualify for a VA home loan.

Generally, the spouse must be un-remarried and the veteran must have died during service or from service-connected causes. But there are exceptions and other ways a surviving spouse can be eligible.

And, surviving spouses are exempt from paying the VA funding fee. To confirm your eligibility, your VA loan officer will request your Certificate of Eligibility (COE) and verify that it has Entitlement Code 06.

Myth #7: All realtors are good VA home loan advisors

There is no VA loan certification for real estate agents. As a result, you shouldn’t look to your real estate agent for reliable information about VA loans. And an underinformed real estate agent can unintentionally push VA-eligible borrowers towards programs that might be less advantageous for them.

Instead, you should get your VA loan facts from a VA specialty lender whose primary product is VA-backed loans.

The VA loan facts are hard to beat

The proliferation of myths about VA loans can obscure the fact this is simply one of the best loan products available to aspiring home buyers.

The VA loan rates available to eligible buyers — combined with the low down payments — are hard to beat with a conventional or FHA loan. But with a little research and a well-informed VA lender, you could be on your way to a VA home loan.

Click to check today’s VA rates.

Source: militaryvaloan.com

Wallowa County, Oregon VA Loan Information

Table of Contents

FAQ

What is the VA Loan Limit?

2021 VA Home Loan Limit for Wallowa County is $0 down payment up to $5,000,000* (subject to lender limits) /2 open VA loans at one time $548,250 (Call 877-432-5626 for details).

How to Apply for a VA Home Loan?

This is a quick look at how to apply for a VA home loan in Wallowa County. For a more detailed overview of the VA home loan process, check out our complete guide on how to apply for a VA home loan. Here, we’ll go over the general steps to getting a VA home loan and point out some things to pay attention to in Wallowa County. If you have any questions, you can call us at VA HLC and we’ll help you get started.

  1. Get your Certificate of Eligibility (COE)
    • Give us a call at (877) 432-5626 and we’ll get your COE for you.
  2. Are you applying for a refinance loan? Check out our complete guide to VA Refinancing.
  3. Get pre-approved, to get pre-approved for a loan, you’ll need:
    • Previous two years of W2s
    • Most recent 30 days paystubs or LES (active duty)
    • Most recent 60 days bank statements
    • Landlord and HR/Payroll Department contact info
  4. Find a home
    • We can help you check whether the home is in one of the Wallowa County flood zones
  5. Get the necessary inspections
    • Termite inspection: required
    • Well or septic inspections needed, if applicable
  6. Get the home appraised
    • We can help you find a VA-Certified appraiser in Wallowa County and schedule the process
    • Construction loan note: Construction permit/appraisal info
      1. Building permit
      2. Elevation certificate
  7. Lock-in your interest rates
    • Wait until the appraisal to lock-in your loan rates. If it turns out you need to make repairs, it can push your closing back. Then you can get stuck paying rate extension fees.
  8. Close the deal and get packing!
    • You’re ready to go.

What is the Median Home Price?

As of March 31st, 2020, the median home value for Wallowa County is $283,615. In addition, the median household income for residents of the county is $44,953.

How much are the VA Appraisal Fees?

  • Single-Family: $775.
  • Individual Condo: $825.
  • Manufactured Homes: $825.
  • 2-4 Unit Multi-Family: $950.
  • Appraisal Turnaround Times: 10 days.

Do I need Flood Insurance?

The VA requires properties are required to have flood insurance if they are in a Special Flood Hazard Area.

How do I learn about Property Taxes?

  • Randy Wortman is the Wallowa county tax assessor. His office can be reached at 101 South River Street Rm 104 Enterprise, Oregon 97828. In addition, his office can also be reached by calling (541) 426-4543 Ext: 1147.
  • The state of Oregon offers businesses that invest and hire in enterprise zones the option to be exempt from property taxes for at least three years. In addition, the Oregon Investment Advantage program encourages new businesses that are starting as well as the ones who are relocating to the state with various incentives. For example, the program offers income tax subtraction and elimination of state income liability for new businesses for many years.

What is the Population?

  • The county’s population of 7,208 is 92% White, 3% Hispanic, and 2% mixed race.
  • Most county residents are between 18 and 65 years old, with 19% under 18 years old and 29% older than 65.
  • In total, the county has about 3,165 households, at an average of two people per household.

What are the major cities?

There are four cities within the county including the city of Enterprise which is also the county seat. The three other cities in the county are Joseph, Lostine, and Wallowa.

About Wallowa County

Named after the word used by natives to describe the area, Wallowa County, Oregon was home to the Nez Perce people who had lived in the area for about 11,500 years. Eventually, the first white settlers in the county arrived in 1871 and in 1877 the native people got removed from the area and were sent to the Nez Perce Reservation in Idaho. However, they did not go quietly and under the leadership of Chief Joseph had several battles until they were ultimately defeated and forced to relocate. Eventually, in 1880 the town of Joseph was named in honor of the chief.

Today, the county is a member of the Northeast Oregon Economic Development District which provides businesses in the region with assistance. Assistance is provided through training, and technical assistance for businesses, non-profits, and local governments.

Educationally speaking, the county is served by four school districts which include a total of six schools that range from kindergarten to high school. In addition, students in the county get to take part in classes with a student to teacher ratio of 11 to 1, allowing for education to be more adaptive and personal.

Finally, in addition to its workforce and education, the county is also home to beautiful natural scenery which has been said to work as a magnet for tourists. Several recreational areas exist within the county like Hells Canyon National Recreation Area and the Eagle Cap Wilderness. 

Veteran Information

The county is currently home to 655 veterans, and they all have access to:

  • Wallowa County is home to two VFW post:
    • Post 4307 Eagle Cap Post – 800 N River St. Enterprise, OR 97828.
    • Post 4060 high Valley Post – 518 N. Main St. Union, OR 97883.
  • VA Medical Centers in the county:
    • Wallowa County VA Telehealth Clinic – 401 Northeast 1st St. Suite A, Enterprise, OR 97828.
  • County Veteran Assistance Information
    • Wallowa County Veteran Service Office – 401 NE 1st Enterprise, OR 97828. 

Apply for a VA Home Loan

  • For more information about VA Home Loans and how to apply, click here.
  • If you meet the VA’s eligibility requirements, you will be able to enjoy some of the best government guaranteed home loans available.  
  • VA loans can finance the construction of a property. However, the property must be owned and prepared for construction as the VA cannot ensure vacant land loans.

VA Approved Condos

There are currently no VA-approved condos in Wallowa County, Oregon. However, it is still possible to get a condo through the condo approved and we can help you through the condo approval process, just call us at (877) 432-5626.  

Oregon VA Loan Information: https://www.vahomeloancenters.org/oregon-va-home-loan-limits/

VA Loan Information by State: https://www.vahomeloancenters.org/va-loan-limit-maximum-va-loan-amount/

Source: vahomeloancenters.org

VA vs. FHA: Which Government Product Is Best?


Nicole Carlson

Posted on: December 12, 2020

There are plenty of different home loan products that home buyers can choose from, with popular products including FHA and VA loans. The Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) are both government-backed programs, but they have their own set of benefits and drawbacks.

When looking to buy a house, which is best: VA or FHA? The answer depends entirely on what the buyer is looking for.

Here’s a breakdown of some of the big differences between the two mortgage products:

Click to check today’s VA rates.

Downpayment

For home buyers looking to avoid a downpayment, it’s tough to beat VA loans. VA loans don’t require any type of downpayment – part of the program’s guarantee.

FHA loans will require a downpayment of at least 3.5%, but that’s still well below that traditional 20 percent that many home buyers assume they need.

In terms of getting the lowest downpayment possible, VA loans have FHA loans beat.

Insurance

If you make a downpayment of less than 20 percent on an FHA loan, you can expect to be paying a mortgage insurance premium, or MIP. This will be paid either upfront at the closing of the FHA loan or monthly, with the annual fee being spread over all 12 months.

Unlike other types of mortgage insurance, MIP will also last the life of the FHA loan. That means an FHA buyer with less than 20 percent down will be required to refinance their loan after they’ve established enough equity in their home.

VA loans, on the other hand, require no type of insurance regardless of how much the buyer puts down. This is another part of the VA’s guarantee – the VA insures the loan, so any type of insurance is moved away from the home buyer.

Mortgage Rates

It’s difficult to peg mortgage rates since they’re always changing, but one thing is clear: VA loans typically come with a lower mortgage rate than FHA loans.

Mortgage software giant Ellie Mae demonstrates this. Each month, they compile a report of all the loans that go through their software. That report is then released, giving home buyers valuable information to work with.

In October, the average mortgage rate for a VA loan was 26 basis points (0.26%) lower than the average rate for an FHA loan. October wasn’t a fluke, either; VA loans routinely have lower mortgage rates than FHA loans.

Check today’s VA loan rates.

Qualification

While VA loans have an edge with downpayment, mortgage rates and insurance, home buyers will still need to qualify for the loans. Here’s how different qualification requirements compare for both products:

Credit scores

Technically, VA loans have no minimum credit score and FHA loans can be approved with scores as low as 520. But in the real world, lenders will want to see a credit score of at least 580 for FHA loans, and usually around 620 for VA loans.

According to Ellie Mae’s October 2020 Origination Report, the average credit score for closed VA loans in October 2020 was 725, compared to 683 for FHA loans. Granted, this does not show what the minimum requirement is for either product. However, generally speaking, FHA loans are usually more flexible with credit scores than VA loans.

DTI

With the debt-to-income ratio (DTI), both VA and FHA home buyers will want to keep their total debt to income below 45 percent. This means that the total monthly amount spent on debt (including the mortgage you’re trying to get) needs to be below 45 percent of monthly income.

Neither product has an edge here, but it’s still an important part of qualifying to pay attention to.

Eligibility

Anyone can be eligible for an FHA loan, but only specific veterans and military members can get a VA loan. Usually, most veterans are eligible, so long as they’ve served for 2 years or more. Requirements for eligibility do change, though, depending on when the individual served, how they served and why they retired from the military.

For a more in-depth look at VA loan eligibility, click here.

Ease of using the product

VA loans have a reputation for going slower than other loan products, but that’s not entirely the case. According to Ellie Mae, the average VA loan closed in 51 days – just one day slower than the average FHA loan.

The longest part of the VA home buying process can be the VA appraisal. With some preparation, this process can go smoothly, as with all the other steps of buying a home with a VA loan. Click here to find out how to make the VA appraisal process go smoothly.

Which is best?

On paper, VA loans have more benefits than FHA loans. Each situation is different, though, so it’s impossible to say whether or not one product is definitively better than the other.

That being said, VA eligible home buyers will likely want to take advantage of the VA’s mortgage product.

Click here to check your VA loan eligibility.

Source: militaryvaloan.com

What Is Gap Insurance, and What Does It Cover?

What Is Gap Insurance, and What Does It Cover? – SmartAsset

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When purchasing or leasing a new car, you have several insurance coverage options. When selecting coverage, you will likely know if you want to have collision coverage or not, but will you know what gap insurance and whether to select that option? If you are driving your owned vehicle or a leased one, and it is totaled, your collision coverage insurance will cover your vehicle’s cash value. The coverage will help you to purchase a another car. However, what if you owe more on your car than it’s worth? That is where gap insurance comes in. Here’s what you need to know about this type of coverage.

What is Gap Insurance?

Gap insurance protects you from not having enough money to pay off your car loan or lease if its value has depreciated, and you owe more on your car than it is worth. It is optional insurance coverage and is used in addition to collision or comprehensive coverage. It helps you pay off an auto loan if a car has been totaled or stolen, and you owe more than its worth. Gap insurance might also be known as loan or lease gap coverage, and it is only available if you are the first owner or leaseholder on a new vehicle.

Some lenders require individuals to have gap insurance. In addition to collision and comprehensive coverage, gap insurance helps prevent owners and leasers from owing money on a car that no longer exists and protects lenders from not getting paid by a person in financial distress.

How Gap Insurance Works

If you buy or lease a new car, you may owe more on the vehicle than it is worth because of depreciation. For example, let’s say you purchase a new car for $35,000. However, a year later, the car has depreciated and is only worth $25,000, and you owe $30,000 on it. Then, you total the car. Comprehensive insurance coverage would give you $25,000, but you would still owe $5,000 on the vehicle. Gap insurance would cover the $5,000 still owed.

Without gap insurance, you would have had to pay $5,000 out-of-pocket to settle the auto loan. With gap insurance, you did not have to pay anything out of pocket and were likely to purchase a new car with financing.

What Gap Insurance Covers

Gap insurance covers several things and is meant to complement collision or comprehensive insurance. Gap insurance covers:

  • Theft. If a car is stolen and unrecovered, gap insurance may cover theft.
  • Negative equity. If there is a gap between a car’s value and the amount a person owes, gap insurance will cover the difference if a car is totaled.

Gap insurance also covers leased cars. When you drive a new, leased car off the lot, it depreciates. Therefore, the amount you owe on the lease is always more than the car is worth. If you total a leased car, you’re responsible for the fair market value of the vehicle. If you lease, you can purchase gap coverage part way through your lease term, although many dealerships require both comprehensive and collision coverage and strongly recommend gap coverage.

What Gap Insurance Doesn’t Cover

Gap insurance is designed to be complementary, which means that it does not cover everything. Gap insurance does not cover:

  • Repairs. If a car needs repairs, gap insurance will not cover them.
  • Carry-over balance. If a person had a balance on a previous car loan rolled into a new car loan, gap insurance would not cover the rolled-over portion.
  • Rental cars. If a totaled car is in the shop, gap insurance will not cover a rental car’s cost.
  • Extended warranties. If a person chose to add an extended warranty to an auto loan, gap insurance would not cover any extended warranty payments.
  • Deductibles. If someone leases a car, their insurance deductibles are not usually covered by gap insurance. Some policies have a deductible option, so it is wise to check with a provider before signing a gap insurance policy.

Reasons to Consider Gap Insurance

There are several situations you should consider gap insurance. The first is if you made less than a 20% down payment on a vehicle. If you make less than a 20% down payment, it is likely that you do not have cash reserves to cover them in case of an emergency and that they will be “upside down” on the car payments.

Additionally, if an auto loan term is 60 months or longer, a person should consider gap insurance to ensure that he or she is not stuck with car payments if the vehicle is totaled.

Finally, if you’re leasing a car, you should consider gap insurance. Although many contracts require it, the vehicle costs more than it’s worth in almost every situation when you lease.

Is a Gap Insurance Worth It?

Gap insurance keeps the amount that a person owes after buying a car from increasing in case of an emergency. Therefore, if someone does not have debt on his car, there’s no need for gap insurance. Additionally, if a person owes less on his car than it is worth, there’s also no need for gap insurance. Finally, if a person does owe more on a vehicle than it is worth, he may still choose to put the money that would be spent on gap insurance every month toward the principal of his auto loan.

If a person owes more on his car than it is worth and would be financially debilitated by having to pay the remainder of his car payments if his vehicle was totaled or stolen, then gap insurance might be a saving grace.

If the extra cost of gap insurance strains your budget then consider ways to keep your vehicle insurance costs down without skipping gap insurance.

The Takeaway

Gap insurance covers the amount that a person would still owe on a vehicle after it is stolen or totaled, and after comprehensive insurance pays out. It prevents people from continuing to owe on a car that no longer exists. While it doesn’t make sense for everyone to purchase gap insurance, it is often smart for people who have expensive vehicles that are worth far more than a person owes. It is also something to consider when you are leasing a vehicle.

Tips for Reducing Insurance Costs

  • If you need a little additional help weighing your insurance options, you might want to consider working with an expert. Finding the right financial advisor that fits your needs can be simple. SmartAsset’s free tool will match you with financial advisors in your area in five minutes. If you’re ready to learn about local advisors to help you achieve your financial goals, get started now.
  • You may want to consider all the insurance options available that are suitable for your unique situation. By doing so, you save money. A free comprehensive budget calculator can help you understand which option is best.

Photo credit: ©iStock.com/ljubaphoto, ©iStock.com/Kileman, ©iStock.com/gustavofrazao

Ashley Chorpenning Ashley Chorpenning is an experienced financial writer currently serving as an investment and insurance expert at SmartAsset. In addition to being a contributing writer at SmartAsset, she writes for solo entrepreneurs as well as for Fortune 500 companies. Ashley is a finance graduate of the University of Cincinnati. When she isn’t helping people understand their finances, you may find Ashley cage diving with great whites or on safari in South Africa.
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Washington County, Oregon VA Loan Information

Name (ID): AMBERGLEN COURTYARDS (000537)
Address: 
2088 NW CADBURY AVE
BEAVERTON OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 01/09/2018
Review Completion Date: 01/23/2018 Name (ID): ARBOR CROSSING (000421)
Address: 
@ QUATAMA
BEAVERTON OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 07/26/2010
Review Completion Date: 05/06/2018 Name (ID): ARBOR CROSSING @ QUATAMA (002263)
Address: 
PHASE 1-11
BEAVERTON OR 97006
WASHINGTON
Status: HUD Accepted
Request Received Date: 02/25/2009
Review Completion Date: Unavailable Name (ID): ARBOR CROSSING @ QUATAMA (02263A)
Address: 
PH 12 BLDS 33,52
BEAVERTON OR 97006
WASHINGTON
Status: HUD Accepted
Request Received Date: 04/22/2009
Review Completion Date: Unavailable Name (ID): ARBOR PASS CONDOS (002218)
Address: 
PH 1-4 BL 9-19,29-31
BEAVERTON OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 12/09/2008
Review Completion Date: 12/09/2008 Name (ID): ARBOR PASS CONDOS (02218A)
Address: 
ALL PHASES
BEAVERTON OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 06/21/2010
Review Completion Date: 06/21/2010 Name (ID): ARBOR PASS CONDOS (02218A)
Address: 
BEAVERTON OR 97006
WASHINGTON
Status: HUD Accepted
Request Received Date: 06/21/2010
Review Completion Date: Unavailable Name (ID): AUTUMN RESERVE (000450)
Address: 
CONDOMINIUMS PHASE 5
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 06/03/2013
Review Completion Date: 07/16/2013 Name (ID): AUTUMN RESERVE (000455)
Address: 
CONDOMINIUM, PHASE 6
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/15/2013
Review Completion Date: 10/14/2013 Name (ID): AUTUMN RESERVE CONDOMINIUM (000439)
Address: 
PHASE 2
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 11/26/2012
Review Completion Date: 12/16/2012 Name (ID): AUTUMN RESERVE CONDOMINIUM (000445)
Address: 
PHASE 4, BLDGS 2, 8 & 11
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 04/09/2013
Review Completion Date: 05/01/2013 Name (ID): AUTUMN RESERVE CONDOMINIUM (000442)
Address: 
PHASE 3
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 01/16/2013
Review Completion Date: 03/10/2013 Name (ID): AUTUMN RESERVE CONDOMINIUMS (000438)
Address: 
PHASE 1
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 11/13/2012
Review Completion Date: 12/09/2012 Name (ID): BOONES FERRY (000002)
Address: 
COMMONSCONDOMINIUMS
TUALATIN OR 97062
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/24/2010
Review Completion Date: 11/22/2010 Name (ID): BOONES FERRY (000003)
Address: 
COMMONSCONDOMINIUMS
TUALATIN OR 97062
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/24/2010
Review Completion Date: 11/22/2010 Name (ID): BOONES FERRY COMMONS (61191A)
Address: 
CONDOMINIUMS
TUALATIN OR 97062
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/24/2010
Review Completion Date: 11/22/2010 Name (ID): BOONES FERRY COMMONS (000075)
Address: 
CONDOMINIUMS
TUALATIN OR 97062
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/24/2010
Review Completion Date: 11/22/2010 Name (ID): BRIGHTFIELD VILLAGE CONDO (000600)
Address: 
8817 SW BRIGHTFIELD CIRCLE
BEAVERTON OR 97223
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 06/28/2020
Review Completion Date: 08/12/2020 Name (ID): BRITETREE CONDOMINIUMS (001248)
Address: 
ALOHA OR 97007-0000
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 04/04/2005
Review Completion Date: Unavailable Name (ID): CANTERBURY HEIGHTS (01899E)
Address: 
PH 8 BLDS 3,4 30
PORTLAND OR 97224
WASHINGTON
Status: HUD Accepted
Request Received Date: 06/17/2008
Review Completion Date: Unavailable Name (ID): CANTERBURY HEIGHTS (01899G)
Address: 
PH 9 BLDS 1,2,31,32
TIEGARD OR 97224
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/02/2008
Review Completion Date: 10/05/2014 Name (ID): CANTERBURY HEIGHTS CONDOS (01899A)
Address: 
PH 2 BLDS 7,8,10,14
TIGARD OR 97224
WASHINGTON
Status: HUD Accepted
Request Received Date: 11/20/2006
Review Completion Date: Unavailable Name (ID): CANTERBURY HEIGHTS CONDOS (01899D)
Address: 
PH 6 BLDG 15, 16, 24,& 25
PORTLAND OR 97224
WASHINGTON
Status: HUD Accepted
Request Received Date: 12/13/2007
Review Completion Date: Unavailable Name (ID): CANTERBURY HEIGHTS CONDOS (001899)
Address: 
PH 1, PH 5
PORTLAND OR 97224
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 10/02/2014
Review Completion Date: 10/02/2014 Name (ID): CANTERBURY HEIGHTS CONDOS (01899C)
Address: 
PH 4 BLDS 17-19
PORTLAND OR 97224
WASHINGTON
Status: HUD Accepted
Request Received Date: 06/19/2007
Review Completion Date: Unavailable Name (ID): CANTERBURY HEIGHTS CONDOS (01899F)
Address: 
PH 7 BLDS 26-28
PORTLAND OR 97224
WASHINGTON
Status: HUD Accepted
Request Received Date: 07/21/2008
Review Completion Date: Unavailable Name (ID): CANTERBUY HEIGHTS (01899B)
Address: 
PH 3, BLDGS 11-13 & 20
TIGARD OR 97224
WASHINGTON
Status: HUD Accepted
Request Received Date: 01/30/2007
Review Completion Date: Unavailable Name (ID): CANYON COURT (000493)
Address: 
CONDOMINIUM
BEAVERTON OR 97005
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 10/06/2016
Review Completion Date: 12/20/2016 Name (ID): CENTRAL PARC @ BETHANY VILLAGE (000553)
Address: 
15050 NW CENTRAL DR.
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/11/2018
Review Completion Date: 08/06/2019 Name (ID): CHERRY WOODS CONDOMINIUMS (000583)
Address: 
17700 SW BOONES FERRY RD
TUALATIN OR 97062
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/10/2019
Review Completion Date: 09/22/2019 Name (ID): COURTYARD @PROGRESS (01731E)
Address: 
PH 6 BLDS 21-23
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 11/22/2005
Review Completion Date: Unavailable Name (ID): COURTYARD @PROGRESS RIDGE (01731B)
Address: 
PH 3 BLD 9-12
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 02/09/2005
Review Completion Date: Unavailable Name (ID): COURTYARD @PROGRESS RIDGE (01731D)
Address: 
BLD 1-20
BEAVERTON OR 97007
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/18/2005
Review Completion Date: 03/07/2016 Name (ID): [email protected] RIDGE (01731C)
Address: 
PH 4 BLDG 13-16
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 04/14/2005
Review Completion Date: Unavailable Name (ID): [email protected] RIDGE (01731A)
Address: 
PH 2 BLDS5-8
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 11/22/2004
Review Completion Date: Unavailable Name (ID): [email protected] RIDGE (001731)
Address: 
PH 1 BLG 1-4
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 10/18/2004
Review Completion Date: Unavailable Name (ID): COURTYARDS AT SPRINGVILLE (002055)
Address: 
128 UNITS BLDGS A-H
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 02/19/2008
Review Completion Date: 03/31/2018 Name (ID): CREEKSIDE (002002)
Address: 
CONDOMINIUMS
BEAVERTON OR 97003
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/25/2007
Review Completion Date: 08/31/2015 Name (ID): CREEKSIDE @PROGRESS RIDGE (02002C)
Address: 
PH 5 BLDS 19-21
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 10/27/2008
Review Completion Date: Unavailable Name (ID): CREEKSIDE AT PROGRESS RIDGE (000414)
Address: 
PHASE 6 & PHASE 7
BEAVERTON OR 97007
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 03/21/2011
Review Completion Date: 04/04/2011 Name (ID): [email protected] RIDGE (02002B)
Address: 
PH 4 BLDS 17,18,22
BEAVERTON OR 97006
WASHINGTON
Status: HUD Accepted
Request Received Date: 08/04/2008
Review Completion Date: Unavailable Name (ID): [email protected] RIDGE (02002A)
Address: 
PH 3 BLDS 23-25
BEAVERTON OR 97006
WASHINGTON
Status: HUD Accepted
Request Received Date: 07/21/2008
Review Completion Date: Unavailable Name (ID): DEODAR (001055)
Address: 
87TH AVENUE
TIGARD OR 97223-0000
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 08/10/2016
Review Completion Date: 08/14/2016 Name (ID): ELMONICA CONDOMINIUMS (60702A)
Address: 
2460 SW 187TH AVENUE
BEAVERTON OR 97005
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 05/30/2007
Review Completion Date: Unavailable Name (ID): ENCLAVE CONDOS (002353)
Address: 
PH 1
BEAVERTON OR 97006
WASHINGTON
Status: HUD Accepted
Request Received Date: 06/17/2009
Review Completion Date: Unavailable Name (ID): FANNO POINTE CONDO (001658)
Address: 
PH 001
TIGARD OR 97233
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 01/15/2004
Review Completion Date: Unavailable Name (ID): FANNO POINTE CONDOS (01658A)
Address: 
PH 002
TIGARD OR 97233
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 01/15/2004
Review Completion Date: Unavailable Name (ID): GRANT PARK (002522)
Address: 
CONDOMINIUM
HILLSBORO OR 97124
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 11/23/2010
Review Completion Date: 11/22/2015 Name (ID): HEIGHTS @ PROGRESS RIDGE (01830D)
Address: 
PH 5, BLDG 28-30, 40
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 10/22/2006
Review Completion Date: Unavailable Name (ID): HEIGHTS @ PROGRESS RIDGE (01830A)
Address: 
BLDS 25,33,34,35
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 03/22/2006
Review Completion Date: Unavailable Name (ID): HEIGHTS @ PROGRESS RIDGE (01830C)
Address: 
BLDS 27,31,38,39
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 04/30/2006
Review Completion Date: Unavailable Name (ID): HEIGHTS @PROGRESS RIDGE (01830B)
Address: 
BLDS 26,32,36,37
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 04/05/2006
Review Completion Date: Unavailable Name (ID): HEIGHTS AT PROGRESS RIDGE (001830)
Address: 
PH 1 BLDS 21,23,24,44
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 10/27/2005
Review Completion Date: Unavailable Name (ID): HERON CREEK CONDOS (002405)
Address: 
PH1-4 BLS1-11,13,14,28-30
HILLSBORO OR 97123
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/02/2009
Review Completion Date: 09/03/2019 Name (ID): HIGHLANDS @PROGRESS RIDGE (01863C)
Address: 
PH 4, BLDG 4
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 08/27/2006
Review Completion Date: Unavailable Name (ID): HIGHLANDS @PROGRESS RIDGE (001863)
Address: 
BLDS 1,9,10
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 04/02/2006
Review Completion Date: Unavailable Name (ID): [email protected] RIDGE (01863A)
Address:
BLDS 5-8 PH 2
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 04/27/2006
Review Completion Date: Unavailable Name (ID): [email protected] RIDGE (01863B)
Address:
PH 3 BLDS 2,3
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 08/06/2006
Review Completion Date: Unavailable Name (ID): IMPERIAL TERRACE CONDO (001232)
Address:
TIGARD OR 97224-0000
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 01/31/2001
Review Completion Date: Unavailable Name (ID): LAKEVIEW @ PROGRESS RIDGE (02392A)
Address:
PH 2
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 09/08/2009
Review Completion Date: Unavailable Name (ID): LAKEVIEW @ PROGRESS RIDGE (002392)
Address:
PH 1 BLDS 6-8
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 08/18/2009
Review Completion Date: Unavailable Name (ID): LAKEVIEW @PROGRESS RIDGE (02392B)
Address:
PH 3
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 11/17/2009
Review Completion Date: Unavailable Name (ID): LAKEVIEW AT PROGRESS (61078A)
Address:
RIDGE
BEAVERTON OR 97007
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 06/27/2010
Review Completion Date: 07/11/2010 Name (ID): LOFTS AT 45 CENTRAL (000546)
Address:
17933 NW EVERGREEN PWY
BEAVERTON OR 97005
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 06/06/2018
Review Completion Date: 06/11/2018 Name (ID): LYNANN PARK (000464)
Address:
CONDOMINIUM
BEAVERTON OR 97005
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 02/24/2015
Review Completion Date: 03/10/2015 Name (ID): MADISON PLACE CONDOS (002065)
Address:
PHASE 1
ALOHA OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 03/12/2008
Review Completion Date: Unavailable Name (ID): METZGER PARK (000559)
Address:
10000 SW HALL BLVD
TIGARD OR 97224
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 10/21/2018
Review Completion Date: 11/04/2018 Name (ID): MOORCROFT STATION CONDOMINIUMS (000433)
Address:
PORTLAND OR 97123
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 08/02/2012
Review Completion Date: 09/18/2012 Name (ID): MURRAY CREST (001124)
Address:
PHASE 1
BEAVERTON OR 97005-0000
WASHINGTON
Status: HUD Accepted
Request Received Date: 09/23/2007
Review Completion Date: Unavailable Name (ID): MURRAYHILL WOODS (000547)
Address:
9275 SW 146TH TER
BEAVERTON OR 97007
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 07/19/2018
Review Completion Date: 08/28/2018 Name (ID): NOTTINGHILL (001538)
Address:
CONDOMINIUM
HILLSBORO OR 97123
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/04/2002
Review Completion Date: 09/04/2002 Name (ID): ORCHARD HILL CONDOMINIUM (001334)
Address:
PH 1
TUALATIN OR 97062-0000
WASHINGTON
Status: HUD Accepted
Request Received Date: 11/08/2009
Review Completion Date: Unavailable Name (ID): ORCHARD HILL CONDOS (01334A)
Address:
CONDO
TUALATIN OR 97062
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 03/17/2010
Review Completion Date: 09/11/2016 Name (ID): ORENCO TOWNSITE CONDOS (001622)
Address:
HILLSBORO OR 97124
WASHINGTON
Status: HUD Accepted
Request Received Date: 08/05/2003
Review Completion Date: Unavailable Name (ID): OVERLOOK @ TIMBERLAND (002499)
Address:
PHASE 1-7
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 03/10/2015
Review Completion Date: 03/10/2015 Name (ID): REESE SQUARE CONDOS (002436)
Address:
BEAVERTON OR 97006
WASHINGTON
Status: HUD Accepted
Request Received Date: 10/07/2009
Review Completion Date: Unavailable Name (ID): REX HILL CONDOS (000545)
Address:
PO BOX 23099
TIGARD OR 97281
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 05/23/2018
Review Completion Date: 06/11/2018 Name (ID): RIVER TERRACE EAST (000561)
Address:
PHASE 1 – 4
BEAVERTON OR 97007
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 12/05/2018
Review Completion Date: 08/06/2019 Name (ID): ROYAL GARDENS CONDOMINIUM (000509)
Address:
11992 SW ROYALTY CT
KING CITY OR 97224
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 02/13/2017
Review Completion Date: 02/16/2017 Name (ID): SCHOLLS POINTE (000415)
Address:
CONDOMINIUM
BEAVERTON OR 97007
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 03/30/2011
Review Completion Date: 04/06/2011 Name (ID): SCHOLLS POINTE (001808)
Address:
CONDOMINIUM
BEAVERTON OR 97007
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 07/28/2005
Review Completion Date: 07/28/2005 Name (ID): SEQUOIA VILLAGE (000486)
Address:
CONDOS
HILLSBORO OR 97124
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 08/03/2016
Review Completion Date: 08/16/2016 Name (ID): SEXTON CREST (000468)
Address:
CONDOS
BEAVERTON OR 97007
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 07/26/2015
Review Completion Date: 07/26/2015 Name (ID): SEXTON CREST CONDOS (01754D)
Address:
PH 5 BLDS 14-16
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 10/26/2005
Review Completion Date: Unavailable Name (ID): SEXTON CREST CONDOS (01754C)
Address:
PH 4 BLDS 1-13,17
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 09/18/2005
Review Completion Date: Unavailable Name (ID): SEXTON CREST CONDOS (01754A)
Address:
PH 2 BLDS 5-7
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 02/03/2005
Review Completion Date: Unavailable Name (ID): SEXTON CREST CONDOS (01754B)
Address:
PH 3 BLDG 8-10
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 05/09/2005
Review Completion Date: Unavailable Name (ID): SEXTON CREST CONDOS (01754G)
Address:
PH8 BLDG 25-27
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 05/10/2006
Review Completion Date: Unavailable Name (ID): SEXTON CREST CONDOS (01754E)
Address:
BLDS 1-20
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 02/13/2006
Review Completion Date: Unavailable Name (ID): SEXTON CREST CONDOS (001754)
Address:
PH 1 BLD 1-4
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 01/06/2005
Review Completion Date: Unavailable Name (ID): SEXTON CREST CONDOS (01754H)
Address:
PH 9 BLDS 28-30
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 06/07/2006
Review Completion Date: Unavailable Name (ID): SEXTON CREST CONDOS (01754F)
Address:
PH 7 BLDS 21-24
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 03/14/2006
Review Completion Date: Unavailable Name (ID): SEXTON PLACE CONDOS (001595)
Address:
PH 001
BEAVERTON OR 97007-0000
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 04/21/2003
Review Completion Date: 04/27/2003 Name (ID): SEXTON PLACE CONDOS (01595A)
Address:
PH 002
BEAVERTON OR 97007-0000
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 06/02/2003
Review Completion Date: 06/03/2003 Name (ID): SEXTON PLACE CONDOS (01595B)
Address:
PH 003
BEAVERTON OR 97007
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/17/2003
Review Completion Date: Unavailable Name (ID): SEXTON PLACE CONDOS (01595C)
Address:
PH 004
BEAVERTON OR 97007
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 11/05/2003
Review Completion Date: Unavailable Name (ID): SUMMERFIELD CONDOMINIUMS (000513)
Address:
15685 SW 116TH AVE
TIGARD OR 97224
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 03/07/2017
Review Completion Date: 03/14/2017 Name (ID): SUMMIT @ PROGRESS RIDGE (000487)
Address:
PH 4, CONDOMINIUM
BEAVERTON OR 97007
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 03/14/2016
Review Completion Date: 08/21/2016 Name (ID): SUMMIT @ PROGRESS RIDGE (01738C)
Address:
PH 4
BEAVERTON OR 97007
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 03/14/2005
Review Completion Date: 08/15/2016 Name (ID): SUMMIT AT PROGRESS RIDGE (01738D)
Address:
PH 5 BLDG 1-3
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 05/25/2005
Review Completion Date: Unavailable Name (ID): SUMMIT AT PROGRESS RIDGE (01738A)
Address:
PH 2 BLG 7-9,15
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 12/08/2004
Review Completion Date: Unavailable Name (ID): SUMMIT AT PROGRESS RIDGE (001738)
Address:
PH 1 BLDGS 5,6,16,17
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 11/01/2004
Review Completion Date: Unavailable Name (ID): SUMMIT AT PROGRESS RIDGE (01738B)
Address:
PH 3 BLGS 10-12,14
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 01/04/2005
Review Completion Date: Unavailable Name (ID): TANASBOURNE PLACE (01847F)
Address:
CONDOMINIUM
BEAVERTON OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 03/12/2008
Review Completion Date: 01/31/2016 Name (ID): TANASBOURNE PLACE CONDO (01847C)
Address:
PH4-5,BLD9,10,12,13,17-19
BEAVERTON OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 08/23/2006
Review Completion Date: 08/23/2006 Name (ID): TANASBOURNE PLACE CONDOS (001847)
Address:
PH 1 BLDS 5-8
BEAVERTON OR 97006
WASHINGTON
Status: HUD Accepted
Request Received Date: 01/17/2006
Review Completion Date: Unavailable Name (ID): TANASBOURNE PLACE CONDOS (01847E)
Address:
PHASES 7
BEAVERTON OR 97006
WASHINGTON
Status: HUD Accepted
Request Received Date: 12/27/2007
Review Completion Date: Unavailable Name (ID): TANASBOURNE PLACE CONDOS (01847B)
Address:
BLDS 20-22 PH 3
BEAVERTON OR 97006
WASHINGTON
Status: HUD Accepted
Request Received Date: 07/17/2006
Review Completion Date: Unavailable Name (ID): TANASBOURNE PLACE CONDOS (01847D)
Address:
PH 6 BLDS 11,14,16
BEAVERTON OR 97006
WASHINGTON
Status: HUD Accepted
Request Received Date: 11/05/2006
Review Completion Date: Unavailable Name (ID): TANASBOURNE PLACE CONDOS (01847A)
Address:
BLDS 1-4 PH 2
BEAVERTON OR 97006
WASHINGTON
Status: HUD Accepted
Request Received Date: 04/27/2006
Review Completion Date: Unavailable Name (ID): TANASBROOK CONDO (001799)
Address:
PH 1
BEAVERTON OR 97006
WASHINGTON
Status: HUD Accepted
Request Received Date: 06/27/2005
Review Completion Date: Unavailable Name (ID): TANASBROOK CONDOMINIUMS (000419)
Address:
(ALL PHASES)
BEAVERTON OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 07/04/2011
Review Completion Date: 07/06/2011 Name (ID): TERRA LINDA PARK CONDOMINIUMS (000534)
Address:
1900 NW 143RD AVE
PORTLAND OR 97229-4349
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 02/22/2018
Review Completion Date: 03/06/2018 Name (ID): THE CARRIAGES AT AUTUMN CREEK (000128)
Address:
PHASE 4
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/16/2012
Review Completion Date: 09/24/2012 Name (ID): THE CARRIAGES AT AUTUMN CREEK (000325)
Address:
PHASE 1
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 11/29/2010
Review Completion Date: 03/08/2011 Name (ID): THE CARRIAGES AT AUTUMN CREEK (000434)
Address:
PHASE 4
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/16/2012
Review Completion Date: 09/24/2012 Name (ID): THE CARRIAGES AT AUTUMN CREEK (000188)
Address:
CONOMINIUM, PHASE 6
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 08/29/2013
Review Completion Date: 10/02/2013 Name (ID): THE CARRIAGES AT AUTUMN CREEK (000446)
Address:
CONDOMINIUM PHASE 5
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 04/10/2013
Review Completion Date: 05/01/2013 Name (ID): THE CARRIAGES AT AUTUMN CREEK (000428)
Address:
PHASE 2
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 05/03/2011
Review Completion Date: 02/14/2012 Name (ID): THE CEDARS AT TIMBERLAND (000424)
Address:
PHASE 4
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/05/2011
Review Completion Date: 10/25/2011 Name (ID): THE CEDARS AT TIMBERLAND (000022)
Address:
PHASE 2
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 02/03/2011
Review Completion Date: 03/06/2011 Name (ID): THE CEDARS AT TIMBERLAND (81100A)
Address:
CONDOS
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 08/24/2010
Review Completion Date: 01/23/2011 Name (ID): THE CEDARS AT TIMBERLAND (000392)
Address:
PHASE 3
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 03/16/2011
Review Completion Date: 03/27/2011 Name (ID): THE CEDARS AT TIMBERLAND (000430)
Address:
PHASE 5
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 03/11/2012
Review Completion Date: 03/18/2012 Name (ID): THE CEDARS AT TIMERLAND (000444)
Address:
CONDOMINIUM
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 08/24/2010
Review Completion Date: 01/23/2011 Name (ID): THE CROSSING @TANASBOURNE (01984B)
Address:
ALL PHASES
BEAVERTON OR 97007
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/02/2008
Review Completion Date: 02/13/2018 Name (ID): THE HEIGHTS @ PROGRESS (01830E)
Address:
RIDGE, PH 6, BLDG 22-43
BEAVERTON OR 97007
WASHINGTON
Status: HUD Accepted
Request Received Date: 01/18/2007
Review Completion Date: Unavailable Name (ID): THE OVERLOOK AT TIMBERLAND (000432)
Address:
PHASE 7
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 06/26/2012
Review Completion Date: 08/01/2012 Name (ID): THE OVERLOOK AT TIMBERLAND (000422)
Address:
PHASES 1-6
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 08/22/2011
Review Completion Date: 10/02/2011 Name (ID): THE OVERLOOK AT TIMBERLAND (000441)
Address:
PHASE 8
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 02/04/2013
Review Completion Date: 03/10/2013 Name (ID): THE QUINTET (001294)
Address:
6605 W. BURNSIDE ST
PORTLAND OR 97210-0000
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/29/2015
Review Completion Date: 09/29/2015 Name (ID): THE VILLAS AT AUTUMN CREEK (000427)
Address:
PHASE 5
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 01/25/2012
Review Completion Date: 02/07/2012 Name (ID): THE VILLAS AT AUTUMN CREEK (000416)
Address:
PHASE 2
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 04/04/2011
Review Completion Date: 05/08/2011 Name (ID): THE VILLAS AT AUTUMN CREEK (000116)
Address:
PHASE 6
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 05/16/2012
Review Completion Date: 06/12/2012 Name (ID): THE VILLAS AT AUTUMN CREEK (000425)
Address:
PHASE 3 & 4
HILLSBORO OR 97006
WASHINGTON
Status: Accepted With Conditions
Request Received Date: 04/26/2011
Review Completion Date: 12/07/2011 Name (ID): THEVILLASAT (000106)
Address:
AUTUMNCREEKPHASE1
HILLSBORO OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 12/07/2010
Review Completion Date: 12/13/2010 Name (ID): TIBERLAND RESERVE (002008)
Address:
PH 3
PORTLAND OR 97229
WASHINGTON
Status: HUD Accepted
Request Received Date: 09/25/2007
Review Completion Date: Unavailable Name (ID): TIMBERCREST (000552)
Address:
14655 SW 76TH AVE
TIGARD OR 97224
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/10/2018
Review Completion Date: 01/23/2019 Name (ID): TIMBERLAND FALLS (61087A)
Address:
CONDOMINIUM PHASE 9
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 07/25/2010
Review Completion Date: 07/27/2010 Name (ID): TIMBERLAND FALLS CONDOS (02037B)
Address:
PH 8 BLDS B4,B7
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 10/07/2009
Review Completion Date: 10/07/2009 Name (ID): TIMBERLAND FALLS CONDOS (002037)
Address:
PHASES 1, 2, 3, 4, 5
PORTLAND OR 97229
WASHINGTON
Status: HUD Accepted
Request Received Date: 12/27/2007
Review Completion Date: Unavailable Name (ID): TIMBERLAND FALLS CONDOS (02037A)
Address:
PH 6,7BLS C1,C11,D3,D8,D1
PORTLAND OR 97229
WASHINGTON
Status: HUD Accepted
Request Received Date: 07/21/2008
Review Completion Date: Unavailable Name (ID): TIMBERLAND FALLS TOO (02204A)
Address:
PH 2 BLDS 6,11,12
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 03/03/2009
Review Completion Date: 03/03/2009 Name (ID): TIMBERLAND FALLS TOO (002204)
Address:
PH 1 BLDS 7,9,10
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 11/19/2008
Review Completion Date: 11/19/2008 Name (ID): TIMBERLAND FALLS TOO (02204B)
Address:
PH 3 BLDS 2,3,13
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/02/2009
Review Completion Date: 09/02/2009 Name (ID): TIMBERLAND RESERVE (01944A)
Address:
PHASE 4
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 12/18/2007
Review Completion Date: 06/23/2020 Name (ID): TIMBERLAND RESERVE (001944)
Address:
PH ASES 1, 2
PORTLAND OR 97229
WASHINGTON
Status: HUD Accepted
Request Received Date: 12/27/2007
Review Completion Date: Unavailable Name (ID): TIMBERLAND RESERVE CONDOS (01944C)
Address:
PH 6 BLDS 1,19,28
PORTLAND OR 97229
WASHINGTON
Status: HUD Accepted
Request Received Date: 11/24/2008
Review Completion Date: Unavailable Name (ID): TIMBERLAND RESERVE CONDOS (01944B)
Address:
PH 3,5 BLDS 7-9,2-5
PORTLAND OR 97229
WASHINGTON
Status: HUD Accepted
Request Received Date: 07/21/2008
Review Completion Date: Unavailable Name (ID): TIMBERLAND RESERVE CONDOS (01944D)
Address:
PH 7,8 BLDS 20,26,27
PORTLAND OR 97229
WASHINGTON
Status: HUD Accepted
Request Received Date: 08/18/2009
Review Completion Date: Unavailable Name (ID): TIMBERLAND RESERVE CONDOS (01944E)
Address:
ALL PHASES
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 06/09/2010
Review Completion Date: 05/19/2015 Name (ID): TOUCHSTONE TOWNHOMES (002125)
Address:
AT WASHINGTON SQUARE PH 1
PORTLAND OR 97223
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 07/30/2008
Review Completion Date: 07/30/2008 Name (ID): TRAVERTINE CONDOS (002466)
Address:
PH 1,2
HILLSBORO OR 97124
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 11/17/2009
Review Completion Date: 04/22/2020 Name (ID): TREE HILL PARK (001947)
Address:
ALSO TROUTDALE
WOOD VILLAGE OR 97060
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 01/23/2007
Review Completion Date: 02/11/2018 Name (ID): VILLAGE AT FOREST GLEN (001199)
Address:
CONDOS
BEAVERTON OR 97008
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 06/22/2015
Review Completion Date: 06/22/2015 Name (ID): VILLAGE CONDO (000554)
Address:
16010 SW AUDUBON ST
BEAVERTON OR 97003
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/20/2018
Review Completion Date: 10/18/2018 Name (ID): VILLAGE CONDOMINIUMS (002137)
Address:
PH 1
BEAVERTON OR 97006
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 08/20/2008
Review Completion Date: 09/11/2018 Name (ID): WEST PARK AT BETHANY (000551)
Address:
CONDOMINIUM
PORTLAND OR 97229
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 08/30/2018
Review Completion Date: 09/26/2018 Name (ID): WOODHAVEN CROSSING (000491)
Address:
CONDOS
SHERWOOD OR 97140
WASHINGTON
Status: Accepted Without Conditions
Request Received Date: 09/12/2016
Review Completion Date: 09/22/2016

Source: vahomeloancenters.org

2021 VA Funding Fees, Loan Limits & Terms: Interview with Mason Buckles


Tim Lucas

Posted on: January 1, 2021

MilitaryVALoan.com sat down with VA mortgage professional Mason Buckles (NMLS #176104) to talk about the ins and outs VA funding fees, loan limits, and allowable VA loan term lengths.

MVL: What exactly is a VA funding fee and why does VA require it?

Mason: The VA Funding Fee is paid directly to the Department of Veterans Affairs and is the vehicle by which they can guarantee this no-money-down loan program. This fee is paid so that VA eligible borrowers can enjoy loan benefits of VA Lending such as no monthly PMI payments and reduced VA to VA refinance charges.

MVL: Do borrowers have to pay the funding fee in cash?

2013 VA Funding Fee Q&A

Interview with Mason Buckles about the 2018 VA home loan funding fee.

Mason: No. Borrowers have the option of either paying the funding fee in full out of pocket or financing the total sum into their total loan amount or any portion thereof.

Request a free VA home loan quote here.

MVL: Can a seller help pay for the VA funding fee?

Mason: A seller can pay the entire funding fee through a seller concession or credit however the cost cannot be split via seller credit and financing. There are limits on the total percentage amount a seller can contribute or credit the borrower at closing.

Related article: Buying a home with a VA loan.

MVL: What are some of the most common factors for funding fees and what types of borrowers do they apply to?

Mason: Here are a couple charts that detail the various funding fee amounts. The percentage relates to the loan amount, not the home’s value or purchase price.

Purchase – First Time Use

Down Payment Active Duty/Retired Guard/Reserve
$0 Down 2.3% 2.3%
5-10% Down 1.65% 1.65%
10% or More 1.4% 1.4%

Purchase – Additional Use

Down Payment Active Duty/Retired Guard/Reserve
$0 Down 3.6% 3.6%
5-10% Down 1.65% 1.65%
10% or More 1.4% 1.4%

(Example: 15 yr VA transaction: $0 down, $204,300 loan amount including 2.3% Funding Fee, 3.25% interest rate, 3.697 APR)

Check your VA eligibility.

MVL: Is anyone exempt from the VA funding fee?

Mason: YES

You do not have to pay the VA funding fee if you are a:

  • Veteran receiving VA compensation for a service-connected disability, OR
  • Veteran who would be entitled to receive compensation for a service-connected disability if you did not receive retirement or active duty pay, OR
  • Surviving spouse of a Veteran who died in service or from a service-connected disability.

MVL: What’s the best way for someone to find out what funding fee they have to pay?

Mason: The best way to find out your specific amount is to contact an experienced loan originator for details. Speak to a VA loan officer to check you funding fee amount.

MVL: What happens to the funding fee on a purchase loan for someone who has used their VA loan benefit in the past?

Mason: It is increased to the Additional Use Percentages as referenced in the table provided above.

MVL: Does the subsequent use rule apply for someone who refinances with a VA streamline refinance (IRRRL)?

Mason: No, the funding fee for an IRRRL Refinance loan is currently set at .50 percent.

MVL: Is the funding fee refundable if the buyer refinances or sells the property later on?

Mason: No. The funding fee is non-refundable.

MVL: What is a VA loan limit? Can a buyer open a VA loan for greater than the VA loan limit?

Mason: As of January 1, 2020, VA-eligible borrowers can get any size loan with no down payment. There are no official limits.

But remember, you’ll still have to qualify for the mortgage.

Read more about home buying with a VA loan here.

MVL:  How often do VA loan limits change? Are there any changes coming up?

Mason: The VA loan limits are typically reviewed annually. The most recent changes went into effect January 1, 2020.

MVL: Most people realize they can get a 30 year VA loan, but can someone obtain a loan for a 15 year term? What about a 40 year VA loan?

Mason: VA does offer a 15 year term, however, a 40 year term is not offered at this time.

(Example 15 yr VA transaction: $0 down, $204,300 loan amount including 2.3% Funding Fee, 3.25% interest rate, 3.697 APR)

MVL: Any additional words of wisdom for someone trying to understand funding fees, loan limits, or loan term lengths?

Mason: The best advice is to identify and work with an experienced VA lender. VA loans, while simple in execution, do require a higher level of scrutiny by both your loan originator and the lender’s underwriter themselves. An experienced loan originator should be able to thoroughly explain all facets of VA Lending including the funding fees, underwriting and appraisal requirements, and non-allowable loan costs as well as efficiently close your loan in a timely fashion.

Mason Buckles (WA MLO 176104 and NMLS #176104) is a licensed loan originator with Cobalt Mortgage (WA CL 35653, NMLS 35653) in Kirkland, WA. He has been in the mortgage industry since 2001 and a recipient of Seattle Magazine’s Five Star Mortgage Professional award. Outside of the office, Mason enjoys coaching his son’s basketball team, boating, and traveling.

(To check licensing status of a mortgage loan originator, visit the NMLS website.)

Source: militaryvaloan.com

Wheeler County, Oregon VA Loan Information

Table of Contents

FAQ

What is the VA Loan Limit?

2020 VA Home Loan Limit in Wheeler County is $0 down payment up to $5,000,000* (subject to lender limits) /2 open VA loans at one time $548,250 (Call 877-432-5626 for details).

How to Apply for a VA Home Loan?

This is a quick look at how to apply for a VA home loan in Wheeler County. For a more detailed overview of the VA home loan process, check out our complete guide on how to apply for a VA home loan. Here, we’ll go over the general steps to getting a VA home loan and point out some things to pay attention to in Wheeler County. If you have any questions, you can call us at VA HLC and we’ll help you get started.

  1. Get your Certificate of Eligibility (COE)
    • Give us a call at (877) 432-5626 and we’ll get your COE for you.
  2. Are you applying for a refinance loan? Check out our complete guide to VA Refinancing.
  3. Get pre-approved, to get pre-approved for a loan, you’ll need:
    • Previous two years of W2s
    • Most recent 30 days paystubs or LES (active duty)
    • Most recent 60 days bank statements
    • Landlord and HR/Payroll Department contact info
  4. Find a home
    • We can help you check whether the home is in one of the Wheeler County flood zones
  5. Get the necessary inspections
    • Termite inspection: required
    • Well or septic inspections needed, if applicable
  6. Get the home appraised
    • We can help you find a VA-Certified appraiser in Wheeler County and schedule the process
    • Construction loan note: Construction permit/appraisal info
      1. Building permit
      2. Elevation certificate
  7. Lock-in your interest rates
    • Pro tip: Wait until the appraisal to lock-in your loan rates. If it turns out you need to make repairs, it can push your closing back. Then you can get stuck paying rate extension fees.
  8. Close the deal and get packing!
    • You’re ready to go.

What is the Median Home Price?

As of March 31st, 2020, the median home value for Wheeler County is $172,177. In addition, the median household income for residents of the county is $33,456.

How much are the VA Appraisal Fees?

  • Single-Family: $775.
  • Individual Condo: $825.
  • Manufactured Homes: $825.
  • 2-4 Unit Multi-Family: $950.
  • Appraisal Turnaround Times: 15 days.

Do I need Flood Insurance?

The VA requires properties are required to have flood insurance if they are in a Special Flood Hazard Area.

How do I learn about Property Taxes?

  • Auralea Woods is the Wheeler county tax assessor. Her office can be reached at 701 Adams Street Ste. 203 Fossil, Oregon 97830. In addition, her office can also be reached by calling (541) 763-4266.
  • The state of Oregon offers businesses that invest and hire in enterprise zones the option to be exempt from property taxes for at least three years. In addition, the Oregon Investment Advantage program encourages new businesses that are starting as well as ones who are relocating to the state with various incentives. For example, the program offers income tax subtraction and elimination of state income liability for new businesses for many years.

What is the Population?

  • The county’s population of 1,332 is 86% White, 6% Hispanic, and 6% Mixed Race.
  • Most county residents are between 18 and 65 years old, with 14% under 18 years old and 36% older than 65.
  • In total, the county has about 661 households, at an average of two people per household.

What are the major cities?

There are currently three cities in the county Mitchell, Spray, and Fossil, the latter of which serves as the county seat.

About Wheeler County

Wheeler County, Oregon officially formed in 1899, the county was named after Henry H. Wheeler, a man who operated the first mail stage line from The Dalles to Canyon City. The county’s boundaries have not changed since it was created. In addition, when the county was created the county seat was set to be temporarily placed in the city of Fossil, which was named after a fossil that was discovered in the area in 1876. A year later an election was held to choose the county seats permanent place, and Fossil won.

Today, the county’s economy depends on its livestock and tourism industries. However, the biggest employment industries in the county are farming, educational services, and public administration. Therefore, the most common occupations in the county are management, farming, and educational instruction.

The Wheeler County Community & Economic Development team is encouraging the growth of its local economy by assisting potential new businesses by getting access to the necessary resources. In addition, free and confidential business advising is also offered to help build a stronger business within the county.

When it comes to education, the county is serviced by two school districts with Fossil School District and Spray School District #1. Both districts provide education for students K-12.

Finally, the county is also home to The Oregon Paleolands Institute headquarters, which provides educational tours, hikes, and workshops to teach more about the region’s geology and paleontology. In addition, the county is also host to annual events like the Wheeler County Fair and Rodeo, and the Wheeler County Bluegrass Festival.   

Veteran Information

The county is currently home to 154 veterans, and they all have access to:

  • County Veteran Assistance Information
    • Wheeler County Veteran Services Office – 401 Fourth Street, Fossil, OR 97830.

Apply for a VA Home Loan

  • For more information about VA Home Loans and how to apply, click here.
  • If you meet the VA’s eligibility requirements, you will be able to enjoy some of the best government guaranteed home loans available.  
  • VA loans can finance the construction of a property. However, the property must be owned and prepared for construction as the VA cannot ensure vacant land loans.

VA Approved Condos

There are currently no VA-approved condos in Wheeler County, Oregon. However, it is still possible to get a condo through the condo approved and we can help you through the condo approval process, just call us at (877) 432-5626.  

Oregon VA Loan Information: https://www.vahomeloancenters.org/oregon-va-home-loan-limits/

VA Loan Information by State: https://www.vahomeloancenters.org/va-loan-limit-maximum-va-loan-amount/

Source: vahomeloancenters.org

First Time Home Buyer Programs for Veterans


Peter Warden

Posted on: December 12, 2020

Numerous programs exist to help veterans and service members who are first-time buyers with their closing costs and other expenses.

Indeed, it’s perfectly possible for those who are eligible for VA home loans to become homeowners with very little — or even nothing — in the way of savings.

Check today’s VA rates by completing this quick online form.

Advantages of VA home loans for first-time buyers

The most famous housing benefit associated with the VA loan program is the zero down payment requirement. That can be hugely valuable for first time home buyers.

But it’s just one of a whole range of advantages that come with a VA home loan. Here are some more.

Low mortgage rates for VA loans

According to the Ellie Mae Origination Report, in October 2020, the average rate for a 30-year, fixed-rate mortgage backed by the VA was just 2.75%. That compares with 3.01% for conventional loans (ones not backed by the government) and 3.01% for FHA loans.

So VA home loans have lower rates. And that wasn’t just a one-time fluke. VA mortgage rates are lower on average than those for other loans — month after month, year after year.

Lower funding fees for first-time buyers

When you buy a home with a VA loan, you need to pay a funding fee. However, you can choose to pay it on closing or add it to your loan so you pay it down with the rest of your mortgage.

But, as a first-time buyer, you get a lower rate. For you, it’s 2.3% of the loan amount (instead of 3.6% for repeat purchasers) if you make a down payment between zero and 5%.

That’s $2,300 for every $100,000 borrowed, which can be wrapped into the loan amount. It’s a savings of $1,300 per $100,000 versus repeat buyers.

Put down more and your funding fee drops whether or not you’re a first-time buyer. So it’s 1.65% if you put down 5% or more, and 1.4% if you put down 10% or more.

Although it might seem like just another fee, the VA funding fee is well worth the cost since it buys you the significant financial benefits of a VA home loan.

No mortgage insurance for VA loans

Mortgage insurance is what non-VA borrowers usually have to pay if they don’t have a 20 percent down payment. Private mortgage insurance typically takes the form of a payment on closing, along with monthly payments going forward.

That’s no small benefit since mortgage insurance can represent a significant amount of money. For example, FHA home buyers pay over $130 per month on a $200,000 loan — for years.

Mortgage insurance vs funding fee

Let’s do a side-by-side comparison of the mortgage insurance vs. funding fee costs of a $200,000 loan:

  VA Loan FHA Loan
Payable on closing $4,600* $3,500
Payable monthly $0 $133 per month**
Paid after five years (60 months) $4,600 $11,500

*First-time buyer rate with zero down payment: 2.3%. $200,000 x 2.3% = $4,600
** $200,000 loan x 0.8% annual mortgage insurance = $1,600 per year. That’s $8,000 over five years. $1,600 divided by 12 months = $133.33 every month

It’s clear that mortgage insurance can be a real financial burden — and that the funding fee is a great deal for eligible borrowers.

Better yet, that makes a difference to your buying power. Because, absent mortgage insurance, you’re $133 a month better off. And that means you can afford a higher home purchase price with the same housing expenses.

Ready to buy a home? Start here.

Types of first-time homebuyer programs for VA loans

You may find two main types of assistance as a first-time buyer:

  1. Down payment or closing cost assistance
  2. Mortgage credit certificates

Down payment and closing cost assistance

There are thousands of down payment assistance programs (DAPs) across the United States and that includes at least one in each state. Many states have several.

Each DAP is independent and sets its own rules and offerings. So, unfortunately, we can’t say, “You’re in line to get this …” because “this” varies so much from program to program.

Some help with closing costs as well and down payments. Some give you a low-interest loan that you pay down in parallel with your main mortgage. Others give “forgivable” loans that you don’t pay back — providing you stay in the home for a set period. And some give outright grants: effectively gifts.

Mortgage credit certificates (MCCs)

The name pretty much says it all. In some states, the housing finance agency or its equivalent issues mortgage credit certificates (MCCs) to homebuyers — especially first-time ones — that let them pay less in federal taxes.

The Federal Deposit Insurance Corporation explains on its website (PDF):

“MCCs are issued directly to qualifying homebuyers who are then entitled to take a nonrefundable federal tax credit equal to a specified percentage of the interest paid on their mortgage loan each year. These tax credits can be taken at the time the borrowers file their tax returns. Alternatively, borrowers can amend their W-4 tax withholding forms from their employer to reduce the amount of federal income tax withheld from their paychecks in order to receive the benefit on a monthly basis.”

In other words, MCCs allow you to pay less federal tax. And that means you can afford a better, more expensive home than the one you could get without them.

Speak with a mortgage specialist today.

Dream Makers program

Unlike most DAPs, the Dream Makers Home Buying Assistance program from the PenFed Foundation is open only to those who’ve provided active duty, reserve, national guard, or veteran service.

You must also be a first-time buyer, although that’s defined as those who haven’t owned their own home within the previous three years. And you may qualify if you’ve lost your home to a disaster or a divorce.

But this help isn’t intended for the rich. Your income must be equal to or less than 80% of the median for the area in which you’re buying. However, that’s adjustable according to the size of your household. So if you have a spouse or dependents, you can earn more.

It’s all a bit complicated. So it’s just as well that PenFed has a lookup tool (on the US Dept. of Housing and Urban Development (HUD’s) website) that lets you discover the income limits and median family income where you want to buy.

What help does the Dream Makers program offer?

You’ll need a mortgage pre-approval or pre-qualification letter from an established lender to proceed. But then you stand to receive funds from the foundation as follows:

“The amount of the grant is determined by a 2-to-1 match of the borrower’s contribution to their mortgage in earnest deposit and cash brought at closing with a maximum grant of $5,000. The borrower must contribute a minimum of $500. No cash back can be received by the borrower at closing.”

So supposing you have $2,000 saved. The foundation could add $4,000 (2-to-1 match), giving you $6,000. In many places, that might easily be enough to see you become a homeowner.

You don’t have to use that money for a VA loan. You could opt for an FHA or conventional mortgage. But, given the advantages that come with VA loans, why would you?

The Dream Makers program is probably the most famous of those offering assistance to vets and service members. But there are plenty of others, many of which are locally based.

For example, residents of New York should check out that state’s Homes for Veterans program. That can provide up to $15,000 for those who qualify, whether or not they’re first-time buyers.

Start your home buying journey here.

State-By-State Home Buyer Assistance Programs

We promised to tell you how to find those thousands of DAPs — and the MCC programs that are available in many states.

It takes a little work to find all the ones that might be able to help you. But you should be able to track them down from the comfort of your own home, online and over the phone.

A good place to start is the HUD local homebuying programs lookup tool. Select the state where you want to buy then select a link and look for “assistance programs.”

Your best starting point is probably the state’s housing finance office though it might be called something slightly different. You should find details of programs or just a list of counties with phone numbers. Call the number where you want to buy, explain your situation and ask for advice. It’s their agents’ jobs to point you to local, state, or national programs that can help you.

If you look in the right place, you could secure some very worthwhile financial help to assist you in buying your first home.

Check today’s VA rates by completing this quick online form.

Source: militaryvaloan.com

Placer County, California VA Loan Information

Table of Contents

FAQ

What is the VA Loan Limit?

2021 VA Home Loan Limit: $0 down up to $5,000,000* (Subject to lender limits) /2 open VA loans at one time $598,000* (Call 888-573-4496 for details).

How to Apply for a VA Home Loan?

This is a quick look at how to apply for a VA home loan in Placer County. For a more detailed overview of the VA home loan process, check out our complete guide on how to apply for a VA home loan. Here, we’ll go over the general steps to getting a VA home loan and point out some things to pay attention to in Placer County. If you have any questions, you can call us at VA HLC and we’ll help you get started.

  1. Get your Certificate of Eligibility (COE)
    • Give us a call at (877) 432-5626 and we’ll get your COE for you.
  2. Are you applying for a refinance loan? Check out our complete guide to VA Refinancing.
  3. Get pre-approved, to get pre-approved for a loan, you’ll need:
    • Previous two years of W2s
    • Most recent 30 days paystubs or LES (active duty)
    • Most recent 60 days bank statements
    • Landlord and HR/Payroll Department contact info
  4. Find a home
    • We can help you check whether the home is in one of the Placer County flood zones
  5. Get the necessary inspections
    • Termite inspection: required
    • Well or septic inspections needed, if applicable
  6. Get the home appraised
    • We can help you find a VA-Certified appraiser in Placer County and schedule the process
    • Construction loan note: Construction permit/appraisal info
      1. Building permit
      2. Elevation certificate
  7. Lock-in your interest rates
    • Wait until the appraisal to lock-in your loan rates. If it turns out you need to make repairs, it can push your closing back. Then you can get stuck paying rate extension fees.
  8. Close the deal and get packing!
    • You’re ready to go.

What is the Median Home Price?

As of March 31st, 2020, the median home value for Placer County is $529,595. In addition, the median household income for residents of the county is $84,357 which is higher than the national average.

How much are the VA Appraisal Fees?

  • Single-Family: $600.
  • Individual Condo: $600.
  • Manufactured Homes: $600.
  • 2-4 Unit Multi-Family: $850.
  • Appraisal Turnaround Times: 7 days.

Do I need Flood Insurance?

  • The VA requires properties are required to have flood insurance if they are in a Special Flood Hazard Area.
  • In Placer county, there flood hazard areas around Dry Creek. in addition, there are small flood hazards immediately around the many creeks around the county. Moreover, other flood areas are next to Folsom Lake, and Lake Tahoe, although they are small and away from populated areas.

How do I learn about Property Taxes?

  • Kristen Spears is the Placer county tax assessor. Her office can be reached at 2980 Richardson Drive, Auburn, California 95603. In addition, her office can also be reached by calling (530) 889-4300
  • The state of California offers incentive programs that expand statewide for new, growing, and relocating businesses. Two of these programs are the California Competes Tax Credit which offers qualifying businesses with a tax credit, and the New employment Credit which offers a tax credit for taxpayers who hire full-time employees. Furthermore, the state offers several other incentives.

What is the Population?

  • The county’s population of 398,329 is 72% White, 14% Hispanic, and 4% mixed race.
  • Most county residents are between 18 and 65 years old, with 22% under 18 years old and 19% older than 65.
  • In total, the county has about 140,661 households, at an average of two people per household.

What are the major cities?

The county has five cities and one town, including the city of Auburn which serves as the county seat. Four other cities in the county are Colfax, Lincoln, Rocklin, and Roseville. In addition, the town of Loomis is also within the county.

About Placer County

Placer County, California is home to rich tourism and recreation industries. However, the biggest employment industries are healthcare, retail trade, and public administration. Therefore, the most common types of employment in the county are in the management, sales, and administrative support sectors.

The county is also host to several business development programs that are meant to enable the founding and growth of businesses in the county. For example, the Sierra Small Business Development Center provides no-cost webinars, capital access, and specialty programs to help grow the local economy.

When it comes to education, there are twelve school districts that provide education for students ranging from kindergarten to 12th grade of High School. In addition, higher education opportunities are provided by Sierra College, which offers two-year degrees, and William Jessup University, a private institution that offers four-year degrees and above.

Finally, the natural beauty and plethora of fun outside activities make the county a destination for people who enjoy the outdoors. From its multiple hiking, horseback riding, and mountain biking trails as well as its water recreational activities in gorgeous lakes like Lake Tahoe. Hence, the county sees more than a million visitors every summer and winter.  

Veteran Information

The county is currently home to26,333 veterans, and they all have access to:

  • Placer County is home to three VFW post:
    • Post 904 Placer Foothills – 5945 Horseshoe Bar Road Loomis, CA 95650. 
    • Post 3010 Glen Edwards – 541 5th Street Lincoln, CA 95648.
    • Post-2003 Jess E. Taylor – 22 Sunset Circle Colfax, CA 95713.
  • VA Medical Centers in the county:
    • Sierra Foothills Outpatient Clinic – 11985 Heritage Oak Pl, Auburn, CA 95603.
  • County Veteran Assistance Information
    • Placer County Veteran Services Office – 1000 Sunset Boulevard, Suite 115, Rocklin, CA 95765.

Apply for a VA Home Loan

  • For more information about VA Home Loans and how to apply, click here.
  • If you meet the VA’s eligibility requirements, you will be able to enjoy some of the best government guaranteed home loans available.  
  • VA loans can finance the construction of a property. However, the property must be owned and prepared for construction as the VA cannot ensure vacant land loans.

VA Approved Condos

Name (ID): AUBURN BLUFFS TOWNHOMES (000098)
Address:
AUBURN & FOLSOM ROADS
AUBURN CA 95603
PLACER
Status: Accepted Without Conditions
Request Received Date: 10/24/2013
Review Completion Date: 11/30/2013
Name (ID): KINGSWOOD VILLAGE CONDOMINIUMS (000051)
Address: 
1001 COMMONWEALTH DR
KINGS BEACH CA 96143
PLACER
Status: Accepted With Conditions
Request Received Date: 08/20/2012
Review Completion Date: 10/15/2012
Name (ID): AUBURN HIGHLANDS (000341)
Address: 
PO BOX 6624
AUBURN CA 95604
PLACER
Status: Accepted Without Conditions
Request Received Date: 07/18/2018
Review Completion Date: 08/07/2018
Name (ID): OAK POINTE (000243)
Address: 
758 DOROTHY WAY
AUBURN CA 95603
PLACER
Status: Accepted Without Conditions
Request Received Date: 02/13/2017
Review Completion Date: 06/14/2017
Name (ID): CAMPANIA HOA (000281)
Address: 
1001 DANTE CIRCLE
ROSEVILLE CA 95678
PLACER
Status: Accepted Without Conditions
Request Received Date: 08/20/2017
Review Completion Date: 09/05/2017
Name (ID): PALOMA AT FOSKETT RANCH (007453)
Address: 
JOINER & LAS PALOMAS LOOP
LINCOLN CA 95648
PLACER
Status: Accepted Without Conditions
Request Received Date: 12/19/2006
Review Completion Date: 12/20/2006
Name (ID): CLUB PACIFIC CONDO’S (C00441)
Address: 
PHASES 1 – 17
ROCKLIN CA 95677-0000
PLACER
Status: Accepted Without Conditions
Request Received Date: 01/01/2000
Review Completion Date: 01/01/2000
Name (ID): PARK PLACE -PHASE 6, 7, 8 (007086)
Address: 
937 MARVIN GARDENS WAY
ROCKLIN CA 95756
PLACER
Status: Accepted Without Conditions
Request Received Date: 10/24/2002
Review Completion Date: 01/12/2003
Name (ID): HEARTHSTONE (007386)
Address: 
ROCKLIN CA 95677
PLACER
Status: HUD Accepted
Request Received Date: 03/13/2006
Review Completion Date: 03/13/2006
Name (ID): ROSEVILLE GREENS (C01289)
Address: 
(FHA APPROVAL #860001HAC)
ROSEVILLE CA 95678-0000
PLACER
Status: Accepted Without Conditions
Request Received Date: 08/07/1980
Review Completion Date: 08/07/1980

Oregon VA Loan Information: https://www.vahomeloancenters.org/oregon-va-home-loan-limits/

VA Loan Information by State: https://www.vahomeloancenters.org/va-loan-limit-maximum-va-loan-amount/

Source: vahomeloancenters.org

How Long Does A VA Loan Take To Close?


Thomas Short

Posted on: December 12, 2020

There are plenty of myths associated with VA loans, many of which are completely untrue and unfounded. One of these myths is that VA loans can take forever to close.

While the average VA loan takes longer than other loan programs to close, they don’t take forever to close – in reality, according to Ellie Mae’s October 2020 Origination Report it took an average of 54 days for a VA loan to close. This includes everything, from applying for a mortgage to getting the keys to the home.

In terms of home buying, 52 days is hardly forever. Overall, all purchase loans took an average of 51 days to close in the same 90-day period. When you’re getting some of the best rates available while avoiding a downpayment, one extra day is hardly a concern.

But why does a VA loan take longer, and is there a way to speed up the process? Here are some of the factors that could speed up — or slow down — your VA home buying experience.

Check today’s VA rates.

Getting preapproved

The first thing any home buyer should do is get prequalified and preapproved. These two are similar, but they play different roles. Prequalification is the first step in the process, and it gives you an estimate on how much home you can afford.

Preapproval is more in-depth than prequalification. After finding the right lender, you’ll provide them with some more information and they’ll give you an accurate estimate of how much home you’ll be able to afford.

One thing to keep in mind is that you should try to shop below what your preapproval is. This will keep your finances from straying into a dangerous territory, and it can save you stress and time down the road.

Finding a home

The unfortunate reality of today’s housing market is that there just aren’t enough homes to keep up with demand. This can stretch your home buying process on for a long time, and it can be discouraging.

You should have a good idea of what your price range is after you get prequalified, and, if you shop well, you can have a decent list of possible homes ready by the time you get preapproved. You may even have a home in mind before you begin the entire home buying process, which can also save you some time.

But there’s guarantee that any home will work out. Bidding wars are too common, and every bidding war has a loser. If you miss out on a home, this is going to set your timeline back.

Agreeing on a timeline with the seller

After you agree to buy a home from a seller, you will agree on a purchase date and a move-in date (which could be the same).

One misconception with home buying is that people selling their homes are ready to move out now. While some are, plenty are not. You might agree on a price with the current homeowner, but you could end up having to wait an additional week or two – and possibly longer – until you actually get the house. If you’re set on a specific property, understand that this might happen.

Click to begin the home buying process.

The VA appraisal

There are plenty of horror stories surrounding VA appraisals. It’s true that your appraisal can be slow and horrible, but that isn’t always the case.

To be safe, expect the VA appraisal to take around 10 days to complete. Your lender is going to hire a VA appraiser, and not all appraisers are approved for VA homes. Also, the VA has tighter standards for what’s acceptable in an approved home. A seemingly perfect home can get slowed down by the VA appraisal. Because this is all out of your control, the best thing to do is plan for the worst.

Required fixes

The worst case scenario with a VA appraisal is that the home requires fixes. Fixes take extra time and money, two things you’re trying to avoid.

Financially, you can always as the seller to reduce the cost of the home to cover the required repairs and fixes. You can also pay for these yourself – likely the quickest way to get through the process. If the repairs are extensive, this could mean a lot of money and plenty of time. You can always walk away from the home if it isn’t right.

The length of your VA loan could take longer than most

While Ellie Mae’s average time to close is 54 days, that means plenty of homes take longer to close. With some factors completely out of your control, you should prepare for the possibility of a longer loan.

On the flip side, your loan could close much quicker than the 52 days. To increase your chances of this, be sure to have everything ready. Prequalification and preapproval are important steps, and the sooner you begin those, the sooner you can begin your journey toward a new home.

Click to begin the preapproval process.

Source: militaryvaloan.com