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 Linn 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 Linn 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 Linn 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 Linn 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 LinnCounty 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 March 31st, 2020, the median home value for Linn County is $295,509. In addition, the median household income for residents of the county is $52,097.
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: 10 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 Linn County, there are wide flood hazard areas around the Willamette River and South Santiam River.
How do I learn about Property Taxes?
- Andy Stevens is the Linn county tax assessor. His office is located at 300 4th Avenue SW Room 214 Albany, Oregon 97321. His office can also be reached by calling (541) 967-3808.
- 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 129,749 has grown by about 11% over the last decade. Demographically, the population is 84% White, 9% Hispanic, and 3% Mixed Race.
- Most county residents are between 18 and 65 years old, with 22% under 18 years old and 19% older than 65.
- In total, the county has about 47,030 households, at an average of three people per household.
What are the major cities?
The county has sixteen cities, with Albany serving as the county seat. Other cities in the county are Brownsville, Fox Valley, Gates, Halsey, Harrisburg, Idanha, Lebanon, Lyons, Millersburg, Scio, Sodaville, Sweet Home, Tangent, and Waterloo.
About Linn County
If you are looking for a place with small-town charm and many fun attractions, then you will love Linn County. The county is located in western Oregon, giving it some of the best views of the state’s landscape. Be sure to check out all the fun attractions in the area, perfect for some fun in your free time. The county hosts many exciting events throughout the year that feature great food and great music! Linn County was officially founded on December 28, 1847, and was named after Lewis F. Linn, who served as a U.S. Senator. The current population of the county is 125,047.
Great views and a great time are waiting at all the beautiful outdoor spots in Linn County. Timber-Linn Lake is just one of the scenic waterways in the area and is home to beautiful beaches and nearby hiking trails. Timber-Linn Lake is a local favorite for fishing, boating, and swimming. Bring your friends and family to Takena Landing Park on a nice day, which offers great views of the Willamette River. Takena Landing Park offers fishing piers, picnic shelters, walking paths, and more. Other scenic outdoor spots in the county include Grand Prairie Park, North Albany County Park, and Bowers Rock State Park.
There is always a way to have fun in Linn County, thanks to the many excellent attractions and events held in the area. The Historic Carousel & Museum features a huge variety of carousel artifacts and exhibits. Learn about local history by visiting the Albany Regional Museum, which is home to a multitude of amazing exhibits. Art-lovers can’t miss out on the Albany Arts Festival, which features many amazing art pieces created by talented local artists. Other exciting events held in the county include the Northwest Art and Air Festival, River Rhythms, Summer Sounds, and the Veteran’s Day Parade.
Veteran Information
The county is currently home to 27,858 veterans, and they all have access to:
- Linn County is home to six VFW post:
- Post 584 Linn Post – 1469 Timber St. SE Albany, OR 97322.
- Post 2105 Rye Grass Post – 160 Smith St. Harrisburg, OR 97446.
- County Veteran Assistance Information
- Linn County Veteran Services Office
- Albany – 330 SW 3rd Ave. Albany, OR 97321.
- Sweet Home – 1661 Long St. Room 105, Sweet Home, OR 97386.
- OVH-Lebanon – 600 N 5th St. Lebanon, OR 97355.
- Linn-Benton Community College – 6500 SW Pacific Blvd. Albany, OR 97321.
- Linn County Veteran Services Office
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): JUDDSON PARKWAY CONDOMINUMS (000525) Address: PO BOX 3575 SALEM OR 97322 LINN Status: Accepted Without Conditions Request Received Date: 07/19/2017 Review Completion Date: 07/25/2017 |
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/
