Jackson County, Oregon VA Home Loan Information

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 Jackson 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 Jackson 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 Jackson County. If you have any questions, you can call us at VA HLC and we’ll help you get started.

1. Get your Certificate of Eligibility (COE)
   • Give us a call at (877) 432-5626 and we’ll get your COE for you.
2. Are you applying for a refinance loan? Check out our complete guide to VA Refinancing.
3. 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
4. Find a home
   • We can help you check whether the home is in one of the Jackson County flood zones
5. Get the necessary inspections
   • Termite inspection: required
   • Well or septic inspections needed, if applicable
6. Get the home appraised
   • We can help you find a VA-Certified appraiser in Jackson County and schedule the process
   • Construction loan note: Construction permit/appraisal info
     1. Building permit
     2. Elevation certificate
7. 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.
8. 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 Jackson County is $335,749. In addition, the median household income for residents of the county is $50,851.

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 Jackson county, flood hazard areas are located around Rogue River, and Bear Creek. Both of which pass through the county’s biggest towns.

How do I learn about Property Taxes?

• David Arrasmith is the Jackson county tax assessor. His office can be reached at 10 South Oakdale Avenue, Room 300 Medford, Oregon 97501. In addition, his office can also be reached by calling (541) 774-6441.
• The state of 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 program encourages new businesses that are starting as well as the ones who are relocating to the state with various incentives. For example, the program offers income tax subtraction and elimination of state income liability for new businesses for many years.

What is the Population?

• The county’s population of 220,944 is 80% White, 13% Hispanic, and 4% Mixed Race.
• Most county residents are between 18 and 65 years old, with 20% under 18 years old and 23% older than 65.
• In total, the county has about 87,417 households, at an average of two people per household.

What are the major cities?

There are eleven cities in the county which include the city of Medford that serves as the county seat. The other ten cities in the county are Ashland, Butte Falls, Central Point, Eagle Point, Gold Hill, Jacksonville, Phoenix, Rogue River, Shady Cove, and Talent.

About Jackson County

Originally home to the Modoc, Shasta, Rogue River, and Umpqua people, who inhabited the area for hundreds of years, the county was established in 1852. In addition, the county was named in honor of Andrew Jackson, the seventh president of the United States. Moreover, the county seat at Jacksonville was established in 1853.

Today, the county’s principal industries are healthcare, agriculture, manufacturing, and tourism. However, the biggest employment industries in the county are healthcare, retail trade, and manufacturing. Therefore, administrative, sales, and management occupations are the most common job types for residents of the county.

The county also plays an important role in the development and growth of the local economy with Enterprise zones that offer tax incentives for new and growing businesses. Moreover, businesses that qualify for the Enterprise Zone incentives can receive up to 25 percent income tax credit.

When it comes to education, the county is serviced by six school districts with 58 public schools. In addition, the county also offers higher education opportunities like Southern Oregon University, Rogue Community College, and Oregon Institute of Technology.

Finally, the county is also home to various recreational areas like Bear Creek Greenway which has a 17.9-mile biking and hiking path, and Pacific Crest Trail which is 2,653 miles long and passes through 25 national forests, and 7 national parks. In addition, annual events like the Oregon Shakespeare Festival, and the Peter Britt Music Festival also take place within the county.  

Veteran Information

The county is currently home to 18,852 veterans, and they all have access to:

• Jackson County is home to four VFW post:
  • Post 1833 Crater Lake – 241 East Barnett Road, Medford, OR 97501.
  • Post 9670 Jacksonville Memorial – 556 G St. Jacksonville, OR 97530.
  • Post 4116 Rogue River – 410 E. Main St. Rogue River, OR 97537.
  • Post 6881 Steelhead – 61 Alder St. Shady Cove, OR 97539.
• County Veteran Assistance Information.
  • Jackson County Veteran Services Office – 140 S. Holly Street, Medford, Oregon 97501.

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

Name (ID): BEACH STREET COTTAGES (000453) Address:  CONDOMINIUMS ASHLAND OR 97520 JACKSON Status: Accepted Without Conditions Request Received Date: 09/15/2013 Review Completion Date: 09/23/2013	Name (ID): MAPLE LEAF ESTATES (000484) Address:  CONDOS MEDFORD OR 97504 JACKSON Status: Accepted Without Conditions Request Received Date: 07/17/2016 Review Completion Date: 08/01/2016
Name (ID): MEADOW WOOD CONDOS (002429) Address:  2101 POPLAR DR MEDFORD OR 97504 JACKSON Status: Accepted Without Conditions Request Received Date: 09/22/2009 Review Completion Date: 02/12/2020	Name (ID): MOUNTAIN MEADOWS HILLSIDE (000440) Address:  CONDOMINIUMS ASHLAND OR 97520 JACKSON Status: Accepted Without Conditions Request Received Date: 12/23/2012 Review Completion Date: 02/25/2013
Name (ID): MOUNTAIN MEADOWS PARKSIDE COND (000549) Address:  911 MOUNTAIN MEADOWS CIRCLE ASHLAND OR 97520 JACKSON Status: Accepted Without Conditions Request Received Date: 08/21/2018 Review Completion Date: 08/28/2018	Name (ID): PARKVIEW TOWNHOMES (000495) Address:  615 TALENT AVE. TALENT OR, 975 TALENT OR 97540 JACKSON Status: Accepted Without Conditions Request Received Date: 11/14/2016 Review Completion Date: 12/11/2016
Name (ID): SILVERHORN ESTATES CONDOMINIUM (000584) Address:  815 PINE STREET ROGUE RIVER OR 97537 JACKSON Status: Accepted Without Conditions Request Received Date: 09/25/2019 Review Completion Date: 10/22/2019	Name (ID): STONEGATE ESTATES (000579) Address:  718 BLACK OAK DR MEDFORD OR 97504 JACKSON Status: Accepted Without Conditions Request Received Date: 08/07/2019 Review Completion Date: 08/25/2019
Name (ID): WILDWOOD (001210) Address:  PH 1 MEDFORD OR 97504-0000 JACKSON Status: HUD Accepted Request Received Date: 08/08/2006 Review Completion Date: Unavailable

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/