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 Morrow 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 Morrow 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 Morrow 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 Morrow 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 Morrow County and schedule the process
- Construction loan note: Construction permit/appraisal info
- Building permit
- Elevation certificate
- Lock-in your interest rates
- 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 August 31st, 2020, the median home value for Morrow County is $170,167. In addition, the median household income for residents of the county is $55,440.
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 Morrow County, flood hazard areas are located around Willow Creek, which cuts through the towns of Cecil, Morgan, Ione, Lexington, and Heppner.
How do I learn about Property Taxes?
- Mike Gorman is the Morrow county tax assessor. His office is located at 100 South Court Street Room 104 Heppner, Oregon 97836, or can be reached by calling (541) 676-5607
- 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 11,603 is 58% White, 37% Hispanic, and 2% American Indian.
- Most county residents are between 18 and 65 years old, with 27% under 18 years old and 17% older than 65.
- In total, the county has about 3,959 households, at an average of three people per household.
What are the major cities?
The county has five cities, including the city of Heppner which serves as the county seat. These cities include Boardman, Lone, Irrigon, and Lexington.
About Morrow County
Created from parts of Umatilla county in 1885, Morrow County, Oregon was named in honor of Jackson L. Morrow, a member of the state legislature at the time of the county’s establishment. The county seat was elected in 1886 and was named Standsbury Flat after George W. Stansbury, one of the first white settlers in the area. Eventually, the name was changed to Heppner in 1873, in Honor of Henry Heppner who cofounded a store in town.
Today, the county’s economy depends on its agriculture, food processing, lumber, livestock, and recreation. However, the biggest employment industries are agriculture, manufacturing, and accommodation. Hence, farming, forestry, management, and administrative support are the most common occupations for residents.
The county created the Eastern Oregon Development Fund through its Morrow Development Corporation. The purpose of the program is to create, maintain, and develop employment opportunities for residents of the county. In addition, the program offers up to $500,000, which can be used for purchasing land, equipment, transportation, and construction, for qualifying businesses.
Educationally speaking, the county is served by the Morrow County School District which serves about 2,265 students K-12 annually. The student-teacher ratio is 18 to 1 which allows for a more personalized learning and teaching experience.
Finally, the county is also home to beautiful natural scenery with the Blue Mountains, Umatilla national forest, the Oregon Trail, and the Lewis and Clark Route. Morrow county is also host to several annual events like the “A Wee Bit O’Ireland” Saint Patrick’s Day and the Blue Mountain Century Bikeway, which is a scenic ride loop of about 108 miles beginning and ending in the city of Heppner.
Veteran Information
The county is currently home to 879 veterans, and they all have access to:
- VA Medical Centers in Morrow County
- Morrow County VA Telehealth Clinic – 2 Marine Drive, Suite 103, Boardman, OR 97818.
- County Veteran Assistance Information.
- Morrow County Service Centers – 500 NE Main St. Irrigon, OR 97844.
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
Currently, there are not VA approved home loans available in Morrow County. However, if you are interested in getting a condo approved, call us at (877) 432-5626.
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/
