I just received an email from the USDA Rural Development that funds have been released again this year for the USDA Guaranteed Rural Home Loan Program. This means that we are again able to provide funding for financing up to 100% of the purchase price for Oregon and Washington loans in qualified areas.
Small towns such as Sherwood, Newberg, Sheridan, Dallas, Canby and Forest Grove qualify in my neck of the woods.
The USDA Guaranteed Rural Home Loan program is unique in that it is one of the few loans left that will allow a qualified home buyer, in a qualified area, to purchase a home with $0 down. Of course, the purchase does have to be structured correctly, but it is fairly easy to set up.
Rates today are incredibly low due to recent action by Congress and the Fed. This is a GREAT loan for a 1st time home buyer and a GREAT time to take advantage of low rates and reduced home prices.
Call me today, or visit my website to learn more.!!
Larry Morris
503-421-0096
We've moved to a new company and location and are EXCITED about the future. Without going into a lot of details, it was time to make a move to a company that provided us with the opportunity to adapt to the changes in today's market. We have found that with American Nationwide Mortgage Company.
We are in a beautiful new office building in Newberg, Oregon and have a new state-of-the-art website.
307 E 2nd Street, Suite 230.
My humble abode.
My new website. Check it out. There is a lot of good info and some properties form one of my favorite Realtors, Todd and Leslie McCabe. I'm looking for more Realtor partners to co-market with. I'll blog more about what I'm doing to help my Realtor Partners.
Some of Todd and Leslie's Listings
I'm excited to be back to blogging, marketing and providing excellent customer service to my clients and business partners.
Give me a shout and let's chat. 503-421-0096
Welcome to American Nationwide Mortgage Company - Newberg Oregon
We've moved to a new company and location and are EXCITED about the future. Without going into a lot of details, it was time to make a move to a company that provided us with the opportunity to adapt to the changes in today's market. We have found that with American Nationwide Mortgage Company.
We are a full service Mortgage Broker, and are part of a nationwide network of branchs. We have access to the best wholesale and direct lenders on the market. To you, this means that we have options. We can search for the best rate and program based on your unique scenario. If one of our lenders goes out of business, we have plenty more to choose from.
We are in a beautiful new office building in Newberg, Oregon and have a new state-of-the-art website.
307 E 2nd Street, Suite 230.
My humble abode.
My new website. Check it out. There is a lot of good info and some properties form one of my favorite Realtors, Todd and Leslie McCabe. I'm looking for more Realtor partners to co-market with. I'll blog more about what I'm doing to help my Realtor Partners.
Some of Todd and Leslie's Listings
I'm excited to be back to blogging, marketing and providing excellent customer service to my clients and business partners.
Give me a shout and let's chat. 503-421-0096
We've moved to a new company and location and are EXCITED about the future. Without going into a lot of details, it was time to make a move to a company that provided us with the opportunity to adapt to the changes in today's market. We have found that with American Nationwide Mortgage Company.
We are in a beautiful new office building in Newberg, Oregon and have a new state-of-the-art website.
307 E 2nd Street, Suite 230.
My humble abode.
My new website. Check it out. There is a lot of good info and some properties form one of my favorite Realtors, Todd and Leslie McCabe. I'm looking for more Realtor partners to co-market with. I'll blog more about what I'm doing to help my Realtor Partners.
Some of Todd and Leslie's Listings
I'm excited to be back to blogging, marketing and providing excellent customer service to my clients and business partners.
Give me a shout and let's chat. 503-421-0096
Mortgage Backed Securities are up 11/32 today in early trading on the news that they Fed will start purchasing MBS today in a $500 Billion plan. This is down from a high of 20/32. While the markets initially reacted favorably to this news, they have pulled back some.
According to MBSQuoteline, the Fed will buy as much as $500 billion of MBS by the end of the second quarter, and the weekly purchases will be disclosed every Thursday.
Construction Spending has also been released today While it came in down .6%, this was less then expectations of 1.2%
This week holds a lot of high impact news, so it could be volatile rate wise. In addition, we will hear more about President elect Oboma's economic stimulus package and see how the markets react to it. The conflict in Gaza continues to instill concerns in the oil markets.
Locally, we are still getting over the effects of storm after storm.
According to Zillow.com, Greater Portland area homes have lost approximately 8.9% in value over the last 12 months ending September 08. The chart below shows some interesting stats.
| Distress Signals *** | |||
| Time Period | Homes Losing Value (Pct) | Homes Sold For Loss (Pct) | Foreclosure Transactions (Pct) |
| Past 12 Months | 88.8% | 15.0% | 9.2% |
| Past 5 Years * | 1.1% | 5.7% | 2.9% |
Medford and Bend were in double digits and other areas fared better.
What will this year bring? ard to say. With rates down, lender guidelines more stable and the election over, let's hope that at least for us in Oregon things will stablize and we can get back to normal appreciation of 3-5%
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My mission is to give you a mortgage experience where you are at ease, can trust that your best interests are being looked out for and feel comfortable referring friends, family and clients to me.
The loan process can be intimidating. For most of us it's the largest financial transaction that we will face. While rates and fees are important, knowing that you can trust your loan officer is invaluable.
For all of your Oregon Mortgage needs, whether for an Oregon home purchase, refiance, home rennovation or Reverse Mortgage, call me, your Oregon Loan Officer.
My goal is to take the fear out of the transaction. I do this with open communication, a fair rate/fee structure and the committment to you to look out for your best interests. I don't like surprises and you shouldn't have to put up with them.
When integrity matters most, call me.
While I utilize the internet and am able to lend in many states, my focus is on the Oregon Real Estate market. My specialties are Senior Financing, USDA, FHA and Rural properties. I am also a real person with an open door that you can walk through any time. I live and play in Sherwood, Oregon and my office is located in Newberg, Oregon. Most of my Oregon home loan business comes from the greater Portland, Oregon area, but I have helped clients like you from all over Oregon including Sherwood, Newberg, McMinnville, Albany, Beaverton, Corvallis, Tigard, Happy Valley, West Linn, Lake Oswego, Tualatin, Bend, Salem, Eugene, Prineville, the Dalles and Southern Oregon. Many of my home loan and refinance clients have been "rescued" from other lenders that you see online, on tv, or hear on the radio. What makes me different is that I am local, and I truly care about you and your goals. Most of my business comes from referrals from past clients or from business partners who know that I will look out for their clients best interest. I make the same commitment to you, my future client, to treat you with honesty, integrity and complete professionalism. After all , my next Oregon home loan or refinance referral could come from you. Please take an opportunity to browse our site American Nationwide Mortgage. If you are a senior, you can start at American Nationwide Reverse Mortgage. I guarantee that you will find lots of helpful home loan and mortgage related information. An educated home buyer will make a wise decision, and that isn't always based on the cheapest rate. The rate is only one part of your decision; the other aspects of your home loan decision often will save you much more money in the long run. If you have any questions, or are ready to move forward with your Oregon home loan, let me know. I look forward to helping you make your home purchase or refinance loan an excellent experience! Larry Morris CMPS Your friend in the mortgage business.
Copyright © American Nationwide Mortgage Company, INC. Equal Housing Lender. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states.
Oregon License # ML-3259 | WA License # 510-LO-51175
Sarah and Tom McNicholas "Larry, ...We want you to know how much we appreciate all you did to help with the purchase. Thanks for helping everything go smoothly. We'll definately pass on a good recommendation to anyone we know who is house hunting...."
Kameron Manyrath
"As someone who looks to purchase a home, I have the fortune to come across Larry Morris, a Senior Mortgage Consultant, at Integrity Lending during the time when I was sending out requests for Good Faith Estimates from the various loan brokers.
...I was very happy because not only did Larry deliver what he promised, but he also helped me lock in a 45-day 5.625 rate at little or no cost. ...he was the only broker proactive enough to e-mail me and suggest that we lock the rate before it climbs up any more. ...I would highly recommend Larry to those who consider purchasing or refinancing a home. I have the utmost confidence that he will do his best to deliver a rate and to ensure a smooth transaction as he did with my first home purchase."
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