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 Jefferson 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 Jefferson 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 Jefferson 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 Jefferson 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 Jefferson 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 30th, 2020, the median home value for Jefferson County is $230,226. In addition, the median household income for residents of the county is $50,339.
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.
How do I learn about Property Taxes?
- Jean McCloskey is the Jefferson county tax assessor. His office can be reached at 66 Southeast D Street Suite D, Madras, Oregon 97741. In addition, his office can also be reached by calling (541) 475-2443.
- 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 24,658 is 60% White, 20% Hispanic, and 18% American Indian.
- Most county residents are between 18 and 65 years old, with 23% under 18 years old and 20% older than 65.
- In total, the county has about 7,892 households, at an average of 3 people per household.
What are the major cities?
There are three cities in the county with the city of Madras also serving as the county seat. The other two cities in the county are Culver and Metolius.
About Jefferson County
If you are looking for great views and a friendly local community, then find your new home in Jefferson County. Located in northern Oregon, the county is home to many beautiful outdoor spots, including forests, parks, and waterways. A fun time is waiting for the whole family in the county, thanks to its huge variety of local attractions. If you are interested in local history, then you can’t miss out on any of the local historical landmarks. Jefferson County was officially founded on December 12, 1914, and was named after the beautiful Mount Jefferson. The current population of the county is 24,192, including a veteran population of 1,798.
Enjoy in some of the best views of the Oregon landscape at any of the scenic outdoor spots in Jefferson County. Mount Hood National Forest is home to some of the state’s most beautiful hiking trails and campgrounds as well as views of mountain ranges. Mount Hood National Forest is home to many lakes and other waterways, perfect for fishing, boating, and swimming. If you are looking for some of the best rock climbing and hiking opportunities, be sure to visit the majestic Black Butte. Other beautiful outdoor spots in the county include the Cove Palisades State Park and the Olallie Scenic Area.
Make sure to visit all the fun and interesting attractions in Jefferson County for a great time in your free time. Check out all the amazing exhibits housed within the Museum At Warm Springs, including Native American artifacts and much more. The Indian Head Casino is home to all your favorite games in addition to live entertainment. The Indian Head Casino also offers great food and drink specials. To enjoy delicious wines and excellent views, visit the Maragas Winery. The Erickson Aircraft Collection is located in the county and features a variety of vintage aircraft.
Take a step back in time by visiting any of the amazing historical landmarks in Jefferson County! Camp Sherman Community Hall has been standing in the area since 1949 and was added to the National Register of Historic Places in 2003. Many fun events are hosted at the Camp Sherman Community Hall throughout the year. Other amazing historical landmarks in the area include the Max and Ollie Lueddemann House and the County Courthouse.
Veteran Information
The county is currently home to 1,840 veterans, and they all have access to:
- Jefferson County is home to one VFW post:
- Post 12141 Madras – 860 SW Madison St. Madras, OR 97741.
- County Veteran Assistance Information.
- Jefferson County Veterans’ Service Office – 66 SE D Street, Madras, Oregon 97741.
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
Jefferson County currently has no VA approved condos available. 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/
