It can feel impossible to find a home loan with bad credit in the Eugene area. There are bad credit home loans available in the current real estate market. We have a variety of real estate loans for home
Starting a business and operating a business take a great deal of effort and energy. Most business owners struggle to succeed. Making it even harder is the home loan process for self-employed borrowers
If you have been recently looking for a home loan in Eugene you may have experienced some challenges with the approval process. Having bad credit is a burden but it shouldn't keep you from owning a home.
There is a house @ 767 Madison Street for sale right now. I saw the for sale sign out front. It looks cute. I am not a broker or lender. I saw this house on Zillow too. Looks like the Seller lowered the price by $5,000.00 so they seem to be motivated to sell.... more
FHA home loans and mortgages are a great solution for home buyers in Eugene and other Oregon areas. If you have damaged credit or unestablished credit FHA home loans are an excellent home mortgage choice.
Inventory is a little low right now but there are plenty of properties available. Your best bet would be to contact a local agent with more details of what you want and they will have a list for you to go over in no time. It tis also very important that you get yourself prequalified with a lender. Finding a local lender may also streamline the process. Ask the real estate agent you choose for a lender referral. I am available.... more
Alison, unfortunately for your question, Oregon State Law does not allow real estate agents to get into discussions or make recommendations about schools. Oregon wants parents to do their own research on schools for their children.
Timeshares need to be looked up as a purchase and not an investment. Regardless of how timeshares are presented, they don´t perform as well as a house or stock investment. If you look around the resale market for timeshares on websites like EBay, Redweek, or TUGBBS will find that you can buy a timeshare for far less money than what the first owner purchased it for.... more
Your agent should be able to assist you with this and both parties should be communicating with each other to resolve this. A lot of times the EMD is not put into Escrow until you receive the approval from the bank, but this would have been stated in the contract when it needed to be deposited. The seller needs to adhere to the paperwork required by the bank for the short sale.... more
The biggest negative in buying a manufactured home, be it in a 55+ park, all ages park or on its own land is the resale value. Manufactured homes still suffer from some negative prejudice and do not appreciate in the same way that a stick built home does. Although good maintenance and a stable or increasing overall market will help maintain the home's value. However, on the plus side, this same issue makes them cheaper to buy in the first place.
There are two options in 55+ parks in the Eugene area. The most common is the park where you buy the home, but the land is leased to you by the Park for typically a monthly rent of $400-600. The second option is a park where you buy both the land and home, and pay a much smaller park fee ($50-100) for common area maintenance. Of course, the initial cost to purchase is much higher when you are buying the land (typically well over $100,000), where as a home only purchase is much cheaper. (anywhere from $10,000 to near $100,000). With the in park, leased land purchase, you are financing only the MH which is considered personal property like a car or boat or motor home. There are lenders who specialize in this type of financing. The land/home property is handled like a typical mortgage loan. Insurance does not seem to be an issue unless the home is very old and not in good shape.
As for living in a 55+ community, my sister has lived in one here in Eugene for a couple of years now, and she is quite content there. Her $510 monthly rent includes her water, sewer, garbage and basic cable, in addition to use of the common areas and general grounds maintenance. The people are friendly, the community she is in has events for the community. Potluck dinners, holiday parties, game days, community garage sales once or twice a year. Her community has a pool and exercise room and a large community center. This will of course vary from park to park, and it is one of the features you would probably want to make sure would suit you. Many of our area 55+ parks are near shopping, banks and other community services. Some of the parks also have some rental units, and/or rent to own options.
I hope you find this information useful. Please feel free to contact me if there are any other questions I can answer for you, or any way I may be of service to you. 541-505-4547.... more
In Summerfield you own property with acces to club house and open spaces. At others such as Briarwood and others you don't own the land you just rent it making it easier to be a snowbird. In both cases you will have to upkeep land connected to the trailer. Some of the parks like woodland, and briarwood also include water,sewer, and garbage or cable.... more
A home inspection is a complete physical examination of the condition of a house.Â NOT to be confused with an appraisal, the home inspection process is usually conducted within ten days after the home