Should I Buy A House Right Now? Are There 100% Financing Options To Buy A House?

Should I Buy A House Right Now?  

The short answer?  YES!

The best time to buy is when things are on discount and now more than ever before things are CHEAP.   

What that means is that buyers CAN afford to buy houses right now.

Lenders are lending money.

Now is the best time to buy a house… low interest rates and low housing prices… now is the time !

David DuBeau is still closing loans and still has many 100% financing options, "First Time Home Buyer" programs, and other products all the way to your normal conventional loans.  I always recommend you should check with us if you are wanting to buy a house right now.

CHERYL MALONE – Real Estate Broker

Windermere Investors Marketplace

541.951.1960

www.CherylMalone.com

DAVID DUBEAU – Loan Officer

541.292.9663

541.608.2161

www.DavidDuBeau.net

Remember, the first step to take if you want to buy a house is to get pre-qualified on a home loan. Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options)

Once you are pre-qualified, "Lets go shopping!"

OTHER RELATED BLOGS:

Are you on the fence about buying a home?

http://sellingoregonhomes.blogspot.com/2011/03/are-you-on-fence-about-buying-house.html

What are closing costs?

http://sellingoregonhomes.blogspot.com/2011/06/what-are-closing-costs-when-buying-home.html

What is the difference between a Forecosure, REO, and Short Sale?

http://daviddubeau.blogspot.com/2011/02/difference-between-foreclosure-and.html

What kind of credit do I need to buy a home?

http://sellingoregonhomes.blogspot.com/2011/06/what-kind-of-credit-or-what-credit.html

What Are Closing Costs (When Buying A Home)? What Costs Are Included?

Getting pre-qualified and being approved for a mortgage are only part of the financial responsibility of buying a home.  As a buyer you should know and expect what to pay at closing - called closing costs.

Here is a list of common closing costs that you are almost guaranteed to see every time:

1. Down Payment: This ranges from 0 down 100% financing, to anywhere from 3.5% down upwards of 20+%. This is up to you and the loan program you choose and/or are approved for.

2. Credit Report: The first step in qualifying for a mortgage is checking your credit. You generally must pay to view your credit score, and this usually costs around $7 - $20 (per person).  The lender that I work with, David DuBeau does not charge this upfront fee.

3. Home inspection: Costing around $300 - $500, a home inspection is always recommended but not always required. Even new homes (as we teach in our home buying classes) can have faults from horrible work. Your contract can leave you an out if something is wrong as well. 

4. Loan Origination and Points: You can pay points in order to get a lower interest rate, but you do not have to and your loan officer should not charge them unless it is talked over with you first. Please see my other blog about this. An origination fee is the cost of doing business with the lender doing your loan. David DuBeau is very good at making sure you do not get overcharged.

5. Appraisal: An appraisal costs around $400 - $500 depending on the type of loan and property. This is usually the only fee collected from the lender up front and usually a credit card or check is collected to hold. If the closing costs are being paid for by the seller, then the card/check will not be charged/cashed upfront, or at all when the seller pays.

6. Title Insurance and other 3rd party fees: There are other charges that vary based on the purchase price and loan amount like title insurance, government, and notary fees etc. Your lender will always provide a good faith estimate of your expected settlement costs. There are other costs associated with closings to be sure but the good faith estimate will cover them for you.

7. Property taxes:  Some lenders require that the property taxes be collected on a monthly basis (impounded).  The lender will then make the property tax payment to insur that it is kept current.  Therefore, several months (usually 6 months) worth of impounds are collected at the time of escrow closing.

In this "buyers market" it is very easy to get the seller to pay for your closing costs, so keep that in mind!  This is why you should have the BEST REAL ESTATE AGENT AND LOAN OFFICER working for you.

Getting prequalified for a home loan is quick, free, and easy.  I always recommend to call THE BEST LOAN OFFICER IN MEDFORD, OREGON:  David DuBeau 541-292-9663 at Sterling Savings Bank.  He has many different loan programs available including 100% financing.   

Then, call THE BEST REAL ESTATE AGENT IN MEDFORD, OREGON:

CHERYL MALONE  - Real Estate Broker

Windermere Investors Marketplace

541-951-1960

www.CherylMalone.com

Get USDA 100% Financing Loans w/ the Best Real Estate Agent and Loan Officer in Rogue Valley Oregon

A USDA Guaranteed Home Loan is a government insured 100% purchase loan. There is no required mortgage insurance with this loan which makes it even more affordable!

This means that you can literally buy a home with 0 down, 100% financing, and even have the seller pay your closing costs if you have the BEST REAL ESTATE AGENT AND BEST LOAN OFFICER working for you!

These USDA loans are offered in specific areas, but you would be amazed at how many areas actually qualify for this loan.

The only areas that have SLIGHT restrictions on where your house can be located is in main congested areas. Most of the areas in Jackson County, Southern Oregon or the Rogue Valley pretty much qualify (there are some spots that may not - Call us for a map).

THE BEST thing you can do is contact us and we can give you a link to check if the address of the home you want qualifies for the 100% financing or not.   If not, there may be other programs that you qualify for.

We can also prequalify you for the loan - and just a heads up, David can still close loans in only 2-3 weeks!

If you are looking to buy in any of these areas:  Medford, Central Point, Jacksonville, Eagle Point, Talent, Phoenix, Ashland, Jackson County, Rogue River,  Wimer  and Sams Valley or anywhere on the West Coast for that matter then I would love to help.

If you need a home to buy, or a home loan, I suggest you call THE BEST REAL ESTATE AGENT AND LOAN OFFICER IN MEDFORD, OR   and... "LETS GO SHOPPING!"

CHERYL MALONE
Real Estate Broker/Realtor
Windermere Investors Marketplace
Cell:  541.951.1960
www.CherylMalone.com

DAVID DUBEAU
Loan Officer
Cell:    541.292.9663
Direct: 541.608.2161
http://www.daviddubeau.net/

Remember, the first step in buying a home or refinancing is to get pre-qualified on a home loan! Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options) As always, your comments are welcome

USDA 100% Home Loan Financing by using Best Real Estate Agent & Loan Officer in Rogue Valley

A USDA Guaranteed Home Loan is a government insured 100% purchase loan. There is no required mortgage insurance with this loan which makes it even more affordable!

This means that you can literally buy a home with 0 down, 100% financing, and even have the seller pay your closing costs if you have the BEST REAL ESTATE AGENT AND BEST LOAN OFFICER working for you!

These USDA loans are offered in specific areas, but you would be amazed at how many areas actually qualify for this loan.

The only areas that have SLIGHT restrictions on where your house can be located is in main congested areas. Most of the areas in Jackson County, Southern Oregon or the Rogue Valley pretty much qualify (there are some spots that may not - Call us for a map).

THE BEST thing you can do is contact us and we can give you a link to check if the address of the home you want qualifies for the 100% financing or not.   If not, there may be other programs that you qualify for.

We can also prequalify you for the loan - and just a heads up, David can still close loans in only 2-3 weeks!

If you are looking to buy in any of these areas:  Medford, Central Point, Jacksonville, Eagle Point, Talent, Phoenix, Ashland, Jackson County, Rogue River,  Wimer  and Sams Valley or anywhere on the West Coast for that matter then I would love to help.

If you need a home to buy, or a home loan, I suggest you call THE BEST REAL ESTATE AGENT AND LOAN OFFICER IN ROGUE VALLEY, OR   and... "LETS GO SHOPPING!"

CHERYL MALONE

Real Estate Broker/Realtor

Windermere Investors Marketplace

Cell:  541.951.1960

www.CherylMalone.com

DAVID DUBEAU

Loan Officer

Cell:    541.292.9663

Direct: 541.608.2161

www.DavidDuBeau.net

Remember, the first step in buying a home or refinancing is to get pre-qualified on a home loan! Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options) As always, your comments are welcome

Want to buy a home with no money down?

If you want to buy a house with no money down, you have come to the right place.  Luckily, there are programs out there that allow 100% financing.

Many people today have lost their retirement investments or equity in their homes, but still make enough money to afford a house payment.  There are many benefits to owing a home like tax deductions, pride of ownership and appreciation in value.  With todays interest rates and low home prices, it is a great time to take advantage of these 100% financing programs.

If you are a veteran you may qualify for a 100% financed VA loan.  There is also a 100% financing USDA program for rurual properties.  Both of these programs allow for the seller to pay a portion of your closing costs.  How much better can that get?

So, give me a call and we can see if you can fit into one of these programs.  A new home is just a phone call away !

Cheryl Malone

541-951-1960

No Money Down or 100% Financing Options in Medford, Oregon

It might be surprising to know that in today's market you CAN BUY A HOUSE WITH NO MONEY DOWN.  There is 100% FINANCING AVAILABLE with competitive rates.  I have noticed that there is not much mention of the 100% FINANCING AVAILABLE to Veterans in the local postings of financing options.  This is a benefit to many of our servicemen and I think it should be talked about more. 

If you are looking to buy HORSE PROPERTY in the rural area of White City, Central Point, Eagle Point, Sams Valley, Jacksonville, Phoenix, Talent, Shady Cove, or Gold Hill the property may qualify for a 100% LOAN from USDA.  This is available to anyone who can qualify for the loan, you do not have to be a veteran for this type of loan.

You can get your foot in the door with these types of loans in today's market.  As you build some equity, you trade up to a larger or better house.  There is no better time then today - to knock on that door !

Want to see if you qualify for these types of loans?  It's easy - I repeat - it's easy... give me a call at 541-951-1960 and I can put you in touch with the best loan officers... DAVID AND MICAH DUBEAU.  They are veterans themselves and take great pride in helping their fellow veterans.

Check out my other blogs:

http://sellingoregonhomes.blogspot.com/2011/02/oregon-real-estate-transfer-tax-we-need.html

http://sellingoregonhomes.blogspot.com/2011/02/want-to-buy-home-in-medford-oregon-how.html

http://sellingoregonhomes.blogspot.com/2011/02/to-buy-or-not-to-buy-real-estate-that.html

http://sellingoregonhomes.blogspot.com/2011/02/100-financing-available-on-real-estate.html

WANT TO BUY A HOME IN MEDFORD, OREGON - How easy is it?

So, you want to buy a home in Medford, Oregon ?  The process of buying a home can be easy, if you are prequalified and teamed up with the right professionals.  The first step in buying a home is talking with a lender.  It is important that you know how much you can afford, before you go out "shopping" for a new home.  Once you know what fits your budget, the rest should be easy. 

Working with the right lender - loan officer is one of the most important things you can do.  If they can't get your loan approved, the deal won't close - then everyone is disappointed.  Try and use a local lender and one that your realtor knows can deliever. 

There are many different loan programs available right now. A good loan officer will pick the best one for you.   There is 100% financing available through the USDA and VA programs.  They even have extended the First Time Homebuyer's Credit of $8,000 for some VA buyers for a limited time only (call David and Micah Dubeau for details). 

Getting prequalified can be done over the phone or in person.  It is easier then most people think and with the low interest rates many are surprised that they qualify for more than they thought !

IF YOU WANT TO BUY A HOME IN MEDFORD, OREGON then give me a call at 541-951-1960 or contact David and Micah DuBeau the BEST LENDERS IN MEDFORD FROM STERLING SAVINGS BANK at 541-292-9663... we will get the job done - you won't be disappointed !

View my other blog:

http://sellingoregonhomes.blogspot.com/2011/02/to-buy-or-not-to-buy-real-estate-that.html