I Want ttf
HELP YOU
Own Your Home
Tiiir::.'lh Year
FHA
Medford's FHA Program
Given Financial Support
Splendid cooperation on the part
of Medford lending institutions
brought a large degree of success to
the better housing program In Jack
son county.
1 High praise Is given to the First
' Katlonal bank, V. S. National bank
Medford Federal Savings & Loan as
sociation and Jackson County Build
lng & Jjoan association by Jamleson
Parker, state director of the Federal
' Housing administration, for their
helpful participation in the program.
The f'.ne spirit of cooperation
i shown by Jackson county financial
: Institutions not only has made It
' possible for local residents to under
' take building projects and repair and
modernization which otherwise might
- have been greatly delayed, but It also
' has served the very useful purpose
, of giving encouragement to the pro
gram In neighboring communities
l where there apparently Is need. of
t ruch a stimulating Influence to ex-
pedlte operations and Insure widest
! possible distribution of benefits.
Jackson county residents are foit-
r tin ate Indeed In having abundant
private capital available on reason-
able terms for the Improvement of
their homes and business properties,
1 and for the construction of new
1 homes. This accessibility or funds
under the complete home financing
I plan of the Federal Housing admin
istration paves the way for a much-
needed revival of home building, and
It Is the hope of the housing organ
ization that full advantage will oe
taken of the opportunity thus pre
sented for acquiring a modern home
of enduring style and structure.
Loans for the building of new
homes under the FHA plan, as well
as loans for the repair and modern
ization of homes and business prop
erties and for the purchase of eli
gible equipment and appliances are
obtainable by applying at any co
operating lending agency, or any
dealer whose advertisement appears
In this special housing section.
Loans for New Homes
The Medford Federal Savings aid
Loan association, which long has been
an active participant in the housing
program under the Modernization
Credit plan, has announced an allo
cation of funds for the financing
of new home construction In coop
eration with FHA.
Citizens of Medford who contem
plate the building of homes are In
vited to call at the offices of the
association, where an explanation of
single mortgage system of FHA will
be given them by J. H. Fletcher, dir
ecting head of the Institution and
an enthusiastic supporter of the
Federal Housing program.
This action on the part of the
Medford Federal, it Is believed by
housing officials, will have the ef
fect of giving Immediate stimulus to
home building In the Medford area.
(Continued on Page Ten)
SHOPPING VIEWS
The "Shopping Tour" pictures ap
pearing on the Inside pages of this
Better Housing section of tha Mail
Tribune were reproduced from
photographs taken by J. Vern
fihannle. of the Shanele Studio.
The photographs mere taken oj
Mr. Shangle In record time and are
splendid examples of the high qual
ity work for which the Shangle
Studio Is renqwned.
Mr, Shanglt sper.alir.es In portrait
work and Illustrative photography,
as well as commercial work, and the
excellence of his pictures has won for
blm and his studio a place of high
rating in his profession.
The Shan?le Studio ts located in
the Med foid building.
Medford
Full Associated Press
Officials Will Explain inancin
r !
JAMIESON PARKER, State Di
rector, Federal Housing Adminis
tration. BIG SUM SPENT
The Modernization Credit plan of
the Federal Housing administration
has been the means of releasing over
16,000,000 In Oregon for home re
pair and modernization work. Loans
made by Oregon banks and other
lending Institutions under the mod
ernization credit plan have reached
a total of approximately 3 ,420,000.
It requires but a few minutes to
acquaint the home owner with the
simplicity of the program and its
practical operation. The applicant ap
proaches the lending, agency with his
plan for repair or' modernization
work, and answers a few questions
on a credit statement. If no Invest
igation la necessary, the loan can be
completed In 10 or 15 minutes.
The amount of Interest to be
charged by the lender is governed
by the rules and regulations of the
Federal Housing administration and
the maximum charge permitted. 6
per cent discount per $100 per an
num. Is considerably less than charge;
have been heretofore on similar fi
nancing. As a practical example, this means
that for a repair loan of 1300 to
run for -34 months, the maximum
Interest charge will amount to 27.67
The borrower signs a note for 1300.
and receives In cash, after the dis
count Is taken, 1373.43. The monthly
repayments amount to 116.67.
Nearly every town In Oregon re
ports an Increased building activity,
and attributes the Increase to tho
efforts of the Federal Housing ad
ministration. Building and supply
dealers, lumbermen, contractors.
painters and all allied trades report
their business much better than at
any time during the last four or
five years. The moocrmzatlon credit
plan offers an opportunity to all
business in the building trades, and
the more progressive concerns are
taking advantage of the opportunity
with gratifying results.
Let us show you how to get more
bulnee and hoto you can assist your
community by cooperating with this
program. Let us show you how you
now can make those necessary repairs
and improvements to your home. The
time has come to act.
MODERNIZATION PLAN
IS AID TO PLUMBERS
PORTLAND. A Dun At Bradstpeet
report reveals the plumbing industry
In the most advantageous position
since 1030. and credits the Modern
ization Credit Plan of FHA as having
contributed greatly to the improved
buslmvs.
Better Housing Edition
m&mdlMkm
mw mm oasts
See your dream of a home come true! Enjoy the
pride of ownership. You can buy your house on a
plan that is economical, safe and convenient as
easy as paying rent.
Here's the general plan. Inquire at one of the in
stitutions listed below for details about building, or
refinancing a home.
Any responsible citizen with a steady income may
borrow on this plan. Your mortgage is financed
BENEFIT OF FHA PROVED
IS CHAMBER EXPERIENCE
By A. H. Ban well
(Manager Jackson County Chamber
of Commerce)
A check up on those In the build
ing trades and those who sell house
wares, would Indicate that the Fed
eral Housing act has been of great
benefit to this community. The cam
paign which the Jackson County
Chamber of Commerce sponsored
some months ago, brought definite
results. The business created through
the housing act was not only of
benefit to those directly concerned
but brought about an indirect bene
fit In which every business man and
professional man participated. The
creation of Jobs through a remodeling
and rebuilding program must neces
sarily place new money into-' the
channels of trade, and fhe wages
earned as a result of such a program
are naturally spent and distributed
Obtaining FHA Loan
Explained by Borrower
Most of the questions asked by the
average applicant for an FHA loan
are answered In a statement made to
Jamleson Parker, state FHA director
Portland, by a successful appltcsnt
on "How I Obtslned My FHA Loan."
The statement follows:
"Tea, I certsinly was surprised
when I found out alt about the fed
eral housing administration program.
Of course. I hsd heard persons talk
ing about the FHA and the new
plan for home financing, but I dldn
pay much attention to It. But we
decided that thin might be an op
portune time to build our home, so
I went to the FHA office to
about it.
Bank Was herlpful
"My first surprise was in being
Informed that the FHA did not make
the loans. X was told that bsnks and
other lending agencies made the
loans, and that each lending agency
must be approved by the FHA be
fore It could participate in the pro
gram. After getting more Informa
Mr
BEDFORD, OREGON.
to every type of business. Judging
from the results of the past under
the housing act administration, It is
only fair to assure that the big ef
fort now being extended In Jackson
county under trie act, will create
more work and more jobs, and there
fore a greater amount of money will
find Its way Into the cash registers
of every business In the county.
The business of a chamber of com
merce Is to protect and promote the
varied Interests of the community It
serves, and any organization would
be derelict In Its duty If It did not
encourage the remodeling and re
building program under Title I of
the act and the building of new
homes under Title 2. The Jackson
County Chamber of Commerce will
co-operate to the fullest extent In
order that the present campaign
shall be an unqualified success.
tion concerning the plan, I went to
see my banker. I was surprised again
in finding that the bank was glsd
to discuss my plans, and did every
thing possible to help me.
"I was told to hsve my plans and
specifications prepared by someone
competent to do this work, although
It was not necessary that I employ
an architect. It seems thst the FHA
office has an architectural division,
which Icoks over the plsns to see
thst property standards are met, and
also checks up on cost estimates.
This seemed like a good proposition
to me, because I wouldn't know
much shout coits, ,
"I then asked my banker what
it was going to cost me to get the
losn. At this point I discovered thst
the FHA controls the amounts thst
msy be chsrged, and they certainly
are reasonable. In fact, they are con
siderably leas than I hsd thought.
The cost for title search and record
(Continued on Page Ten)
WEDNESDAY, JANUARY 22, 1936
to BUILD
MODERNIZE
OR s
REFINANCE
YOUR HOME
tinder Title II of the National Housing Act which
bears the stamp of approval. of the United States
government.
You may secure a loan up to 80 of the appraised
value and repay the money over a long term period
as easy as paying rent. Principal, interest, taxes
and insurance are all included in each easy monthly
payment. . In a few years your home is debt-free . . .
a living tribute to your family.
USERS OF CREDIT
T
Oregon financial Institution, which
r cooperating with FHA In the
modernization program, 'are enthus
iastic over the way their character
loan, are paying out, according to
Jamleson Parker, state FHA director
Persons who have availed them
selves In the fatuities made avail
able by the Modernisation Cretin
plan are malting their monthly pay
ment, with a promptness that U
highly gratifying to lending Institu
tions and to FHA, the director said
There have been some delinquencies
but the number haa held to a aur
prlslngly low percentage considering
the large volume of operations In
Oregon. The number of actual de
fault, la almost negligible.
"Borrowers appreciate th, conven
ience of the plan which enablea
them to make needed repairs to their
homes, to impruve tiieli living con
ditions by modernisation and the
purchase of appllancea and equip
ment so necessary to every home,'
It wa explained by Parker. "They
welcome th, opportunity to partici
pate In a program which possesses
such possibilities for Improvement of
general conditions aa doe, th. Mod
ernization Credit plan, and they are
showing their good faith by making
their payment promptly,
"For the enllghtment of those who
have not yet participated In the
Modernization Credit plan and who
need assistance In Improving their
homes, buying modern hotre appll
ancea or modernizing busl-ies, prop
erties, It should b, explMned here
that any responsible penons with
sufficient Income to make th, re
quired monthly payments, may ob
tain loans from banks or other ap
proved lending Institutions. For home
betterments th, , mount borrowed
may not exceed 12.000 but loans up
to ,80.000 are available for th. Im
provement of Income properties or
th, purchase and Installntlon of
eligible equipment and machinery."
Tribune
MEDFORD BRANCH
THE FIRST NATIONAL BANK
OF PORTLAND
oer-OSITS IN THIS SANK All
FuU United Press
WOMEN OF STATE
"It Is of paramount Importance
that the women be Informed of every
phase of the Federal Housing pro
gram. They are the real homemakers.
They actually spend 80 per cent of
the Income."
So declared Miss Manche I. Langley.
field representative or me women's
division of the Federal Housing ad
ministration In Oregon;
"The women are Interested and
enthusiastic about the program,"
continued Miss Langley. "X have
found that not only are those wo
men Interested who hope to obtain
an Insured loan and become active
In some form of building In their
own family, ibut they also are Inter
ested In the broader sense of com
munity betterment."
Miss Langley stated further that
she had found the women of her
district eager to Inform themselves
regarding the Federal Housing ad
ministration In order that they might
pass the Information along for the
benefit of their friends and the com
munity in general.
There are 830 women's divisions
throughout the United States, Miss
Langley said. There Is a woman
chairman In virtually every Oregon
county. Mrs. Evan Reames of this
city ,1s local chairman In charge of
Women's housing activities In Jack
son county.
Homemade mattresses are replacing
straw ticks; long used by many rural
families In the south, thanks to 110
pounds- of tax-free cotton allowed
growers for domestic use.
We finance installment pur
chases of equipment and
make loans for moderniza
tion and repair of properties
under Title I of the National
Housing Act.
Your Inquiries Are Invited
fi!!F ,14 "Odeil National
INSUKEO BV THE MODAL DEPOSIT INSURANCE CORPORATION
I Want to
HELP YOU
Modernize
No. 258.
Plan
IS
JANUARY 23-24
State Housing Leaders Will
Come to Medford to En
courage Use of Insured
Loans Meeting Is Open
An explanation of how citizen of
the Medford district can build, buy
or refinance residence properties un
der the economical, safe and eon
venlent complete home financing
system of the Federal Housing ad
ministration will be given at a two
day conference to be held In tha
Jackson County Chamber of Com
merce offices Thursday and Friday,
January as and 34, according to an
nouncement made by B. B. Harder,
chairman of the Jackson County Bet
ter Housing program committee. The
conference will be in session each,
day between the hours of 9:00 and
5:00.
The conference will be directed by
Leslie Peyton, manager of financial
relations, and John H. Hoppee, field
representative. Both are members cf
the Portland headquarters staff of
the Federal Housing administration.
Cooperating with them will be H.
A. Tblerolf, vice president, and A. K.
(Continued on Pairs rent
tonl Will of Id. Socli.i
TVTTtTiIm TTTET)I