Table of Contents
- What is the VA Loan Limit?
- How to Apply for a VA Home Loan?
- What is the Median Home Price?
- What are the VA Appraisal Fees?
- Do I need Flood Insurance?
- How do I learn about Property Taxes?
- What is the Population?
- What are the major cities?
- About Coos County
- Veteran Information
- Apply for a VA Home Loan
- VA Approved Condos
FAQ
What is the VA Loan Limit?
2021 VA Home Loan Limit: $0 down payment up to $5,000,000* (subject to lender limits) /2 open VA loans at one time $548,250 (Call 877-432-5626 for details).
How to Apply for a VA Home Loan?
This is a quick look at how to apply for a VA home loan in Coos County. For a more detailed overview of the VA home loan process, check out our complete guide on how to apply for a VA home loan. Here, we’ll go over the general steps to getting a VA home loan and point out some things to pay attention to in Coos County. If you have any questions, you can call us at VA HLC and we’ll help you get started.
- Get your Certificate of Eligibility (COE)
- Give us a call at (877) 432-5626 and we’ll get your COE for you.
- Are you applying for a refinance loan? Check out our complete guide to VA Refinancing.
- Get pre-approved, to get pre-approved for a loan, you’ll need:
- Previous two years of W2s
- Most recent 30 days paystubs or LES (active duty)
- Most recent 60 days bank statements
- Landlord and HR/Payroll Department contact info
- Find a home
- We can help you check whether the home is in one of the Coos County flood zones
- Get the necessary inspections
- Termite inspection: required
- Well or septic inspections needed, if applicable
- Get the home appraised
- We can help you find a VA-Certified appraiser in Coos County and schedule the process
- Construction loan note: Construction permit/appraisal info
- Building permit
- Elevation certificate
- Lock-in your interest rates
- Pro tip: Wait until the appraisal to lock-in your loan rates. If it turns out you need to make repairs, it can push your closing back. Then you can get stuck paying rate extension fees.
- Close the deal and get packing!
- You’re ready to go.
What is the Median Home Price?
As of September 30, 2020, the median home value for Coos County is $236,854. In addition, the median household income for residents of the county is $43,308.
How much are the VA Appraisal Fees?
- Single-Family: $775.
- Individual Condo: $825.
- Manufactured Homes: $825.
- 2-4 Unit Multi-Family: $950.
- Appraisal Turnaround Times: 15 days.
Do I need Flood Insurance?
- The VA requires properties are required to have flood insurance if they are in a Special Flood Hazard Area.
- In Coos County, low elevation areas around Coos bay are also prone to flooding, as well as its connecting rivers, creeks, and sloughs. In addition, areas around the Coquille River are also prone to flooding. Furthermore, in the city of Lakeside, in the northern part of the county, areas around Ten Mile Lake are also considered flood hazards.
How do I learn about Property Taxes?
- Steve Jansen is the Coos county tax assessor. His office can be reached at 250 North Baxter Coquille, Oregon 97423. In addition, her office can also be reached by calling (541) 396-7901.
- Oregon offers businesses that invest and hire in enterprise zones the option to be exempt from property taxes for at least three years. In addition, the Oregon Investment Advantage encourages new businesses to start and relocating to the state. For example, the program offers income tax subtraction, and it can also eliminate state income liability for new businesses for many years.
What is the Population?
- The county’s population of 64,487 is 85% White, 7% Hispanic, and 4% Mixed Race.
- Most county residents are between 18 and 65 years old, with 18% under 18 years old and 26% older than 65.
What are the major cities?
The county has seven cities, including the city of Coquille, which serves as the county seat. The six other cities in the county are Bandon, Coos Bay, Lakeside, Myrtle Point, North Bend, and Powers.
About Columbia County
Welcome to the beautiful area of Coos County, which is located on the southwestern edge of Oregon and is home to a friendly local community. The county offers excellent views of the local landscape, which can be enjoyed at the natural local attractions. People of all ages are sure to have a great time at any of the fun and interesting local attractions. The county hosts a huge variety of exciting events throughout the year that can’t be missed. Coos County was officially founded on December 22, 1853, and was named after the Coos Native American tribe. The current population of the county is 63,888.
Enjoy in all the beauty Coos County has to offer at any of the scenic local natural attractions. Shore Acres State Park offers some of the best views of the local landscape and is home to miles of scenic trails, perfect for hiking, biking, and bird watching. Shore Acres State Park is the perfect place for camping, offering many beautiful campsites and waterways. Sunset Bay State Park features one of the area’s most beautiful beaches and is a great place for fishing, boating, and swimming. Other scenic outdoor spots in the county include Cape Arago State Park and the Bandon Marsh National Wildlife Refuge.
There is always to have fun in Coos County, thanks to the many interesting local attractions. If you are an art-lover, then be sure to visit the Coos Art Museum, which is home to a huge variety of amazing paintings, sculptures, and much more. The Coos Art Museum also hosts rotating exhibits, art workshops, and much more. If you are interested in local history, then be sure to check out the amazing exhibits housed within the Coos Historical and Maritime Museum New History Center. Other popular attractions include the Oregon Coast Historic Railway and the Marshfield Sun Printing Museum.
Veteran Information
The county is currently home to 7,454 veterans, and they all have access to:
- Coos County is home to four VFW post:
- Post 965 Coquille – 790 W 17th, Room 5, Coquille, OR 97423.
- Post 2928 Lee Ray – 312 1st St. Myrtle Point, OR 97458.
- Post 3440 Frank C. High Medal of Honor – 55352 Bates Rd. Bandon, OR 97411.
- Post 3182 Hutchinson-Rempelos – 67575 East Bay Drive, North Bend, OR 97459.
- VA Medical Centers in the county:
- North Bend VA Clinic – 2191 Marion Street, North Bend, OR 97459.
- County Veteran Assistance Information.
- Coos County Veteran Services – 217 North Adams, Coquille, OR 97423.
Apply for a VA Home Loan
- For more information about VA Home Loans and how to apply, click here.
- If you meet the VA’s eligibility requirements, you will be able to enjoy some of the best government guaranteed home loans available.
- VA loans can finance the construction of a property. However, the property must be owned and prepared for construction as the VA cannot ensure vacant land loans.
VA Approved Condos
There are no VA-approved condos in Coos County although it is still possible to get a condo approved by calling us at (877)432-5626. For more information contact us by, clicking here.
Links
Oregon VA Loan Information: https://www.vahomeloancenters.org/oregon-va-home-loan-limits/
VA Loan Information by State: https://www.vahomeloancenters.org/va-loan-limit-maximum-va-loan-amount/
