Locking in a low rate
Home prices and rates are rising. In order to lock in a rate, you must first have an address or contract signed by the seller. If you are interested in a particular home, act now and do not wait, as that house will probably be more expensive next year as well as at a higher rate than they are now. I will analyze your income to see if you qualify as well as evaluate how much you will be qualified for, what programs you qualify for and what the approximate monthly payment will be on one program vs. another loan program (e.g.: FHA compared to USDA). Most areas outside Salem/Keizer, Portland Metro are eligible for USDA; only 500 feet outside the city limits can make a property eligible. We also have a USDA expert in the office who can check those specific addresses for you! Go to www.USDALoanOregon.com to get some details about USDA Loans!