Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

OR FHA Loans in Oregon

FHA loans differ from conventional loans in a number of ways. The down payment required for an FHA-insured loan is usually much lower than for conventional loans. FHA loans also have lower credit requirements than conventional loans, making them more available to a wider range of potential homebuyers.


FHA loans offer OR residents several other valuable benefits, not least of which is those aforementioned smaller down payments. Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3-5%. The FHA is also more flexible in calculating factors to determine whether or not to approve the loan, factors such as household income and repayment ratios.

Local FHA Loan directory for OR :
Saginaw Seal Rock Siletz Stanfield
Saint Benedict Seaside Silver Lake Stayton
Saint Helens Selma Silverton Sublimity
Saint Paul Seneca Sisters Summer Lake
Salem Shady Cove Sixes Summerville
Sandy Shaniko South Beach Sumpter
Scappoose Shedd Sprague River Sutherlin
Scio Sheridan Spray Sweet Home
Scotts Mills Sherwood Springfield Swisshome

Return to our fha loans page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Oregon News
Smith, Merkley clash in first debate

In the first debate of their neck-and-neck race, Republican Sen. Gordon Smith and Democratic challenger Jeff Merkley clashed last night over issues ranging from the Wall Street meltdown to global warming.

Or Sen: Attack attack attack

They had got into a question about tax policy, and they were into sluggo mode, as Merkley warned that "Gordon Smith wants to give away the bank to the wealthiest and most powerful, and Smith countered that ...

Oregon vintners harvest grapes before first frost

An early frost likely to bear down on the Rogue Valley floor has many vintners nervous as they scramble to pick grapes.

DMV will be unable to issue licenses on Saturday

The Oregon Driver and Motor Vehicle Services Division will be unable to issue driver's licenses on Saturday because the federal Social Security number verification system will be offline for maintenance.

Wyden boosts fellow Democrat Merkley in new ad

Oregon Democratic Sen. Ron Wyden is known for a close working relationship with Republican Sen.

Non-unanimous jury verdict stands, may affect Oregon

In a Louisiana case that may have some impact on Oregon, the Supreme Court has rejected a plea by a convicted murderer to require that jury verdicts be unanimous in all criminal cases.

Oregon school bans Insane Clown Posse items

The Insane Clown Posse is not welcome at Lebanon High School. Principal Mark Finch says shirts, hats, jewelry or other items associated with the hardcore hip-hop band are gang-related and will be banned ...

Autopsy scheduled for body found near Bonanza

An autopsy is scheduled to be performed Tuesday on the body of a southern Oregon man found dead last week.

Mexican police found guilty in Ore. man's death

27 death of an Oregon tourist, The Oregonian newspaper reported Tuesday. Sam Botner, 38, of Yoncalla, died less than an hour after he was taken to jail after stabbing another resident at a condominium in the ...

Many asking for suicide help may be depressed

PORTLAND - A new Oregon Health & Science University study suggests that one out of four terminally ill patients who request a prescription for a lethal overdose under Oregon's landmark assisted suicide law ...

Rare black rhino dies en route to Oregon Zoo

A rare black rhinoceros has died while in transit from Kansas City to Oregon. Zookeepers in Portland had planned to breed the 8-year-old female - named Kipenzi - with the Oregon Zoo's male black rhino.

Police identify man swept off Newport jetty

A man waves to a Coast Guard rescue crew from the south jetty at Newport Sunday.

Gas prices drop, but winter heating costs headed up

Is there a silver lining in all this nasty economic news? Maybe. Gasoline prices are down in the nation and across Oregon.

Gas prices likely to fall to $3 by Thanksgiving, AAA says

The national average for regular unleaded plunges 15 cents this week to $3.48, while Oregon's average drops another 9 cents to $3.49. Both are at their lowest points since mid-April, according to AAA Oregon ...

Oregon companies find credit's still available

Most Oregon businesses so far have dodged a direct hit from the credit crisis stemming from the mortgage and lending meltdown that is gyrating Wall Street.

Man missing off Oregon coast

The U.S. Coast Guard has ended its search for a 23-year-old man reportedly swept from the south jetty at Newport.

Missing Oregon Grandma Found Safe in Milan, Italy

A 74-year-old Oregon grandmother who went missing last week while visiting Italy has been found and is well.

Correctional officer charged for sex with inmate

A sergeant at the Oak Hill Correctional Institution near Oregon was charged today with second-degree sexual assault for having sex with an inmate and with intimidation of a victim for trying to get him to lie ...

Sizemore pushes dues measure for third time

PORTLAND - For the third time in 10 years, Bill Sizemore is asking Oregonians to bar public employee unions from collecting political money through payroll deductions.

One killed after car and pickup hit cow near Crater Lake N.P.

The driver of the car died at the scene, as did the cow. The Oregon State Police says a Buick driven by 51-year-old Newton Rodney Wonacott of Central Point was westbound on Oregon 230 late Saturday as a Ford ...

Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)