About Me

Name: Fred Chamberlin – Oak Harbor and Whidbey Island’s #1 Experienced FHA/USDA/VA/Conventional Mortgage Consultant
Company: Retired – Oak Harbor Washington

Email: Contact Fred Chamberlin –
Website URL:
Cell Phone: (541) 221-3455
Address: Oak Harbor WA 98277

Description: I am a Retired Senior Mortgage Consultant with over 20 years in real estate lending. I specialized in FHA, USDA & VA loans.  I was licensed in OR & WA.

About Fred Chamberlin:

I have been in the mortgage business for over 20 years and working in the Eugene/Springfield area for more than 15 years before relocating to Oak Harbor WA. I am a native Oregonian and a specialist in Government Lending Products. I am a
Vietnam era veteran and work hard for my comrades in arms to help them find suitable financing.

I am happy to share my time and my knowledge with anyone needing mortgage information. I am no longer a working loan officer, but will continue to keep my knowledge up to date. I can also recommend loan officers across the U.S.

2010-11 Oregon Association of Realtors Affiliate Director

2008 Springfield Board of Realtors Affiliate of the Year.

Areas of Expertise

I am a government loan specialist. I was doing FHA loans when everyone else was promoting sub-prime loans because sub-prime was easier. I work with all phases of FHA, purchase and refinance. With the FHA reverse mortgages for purchases and the exciting programs on tap for FHA as part of President Obama’s housing program, this will be an interesting time in mortgage lending. The FHA loan limit for Island 
County is currently at $381,250 for single family residences. Cash out refinances are available up to 85% loan to value

I also offered a Streamline FHA 203K that is ideal for bank owned and foreclosed properties. It allows repairs to be done after closing. This program works for purchase or refinance transactions.This is a brokered program and demands additional work and time.

 I also highly promote VA loans for those that qualify. With the new requirements, this means that only 3 months active duty are required to qualify for an VA loan. These are available with no down payment up to $417,000. Cash out refinances are available up to 90% loan to value.

The only other true 100% purchase product at this time is the USDA Rural Guaranteed Loan program. This is income and location driven with most homes in Island County qualifying. Give me a call and we can qualify your income and discuss areas this is available.

As long as I am not fishing, I am available to answer questions. LOL


In my 15 years of involvement in the real estate industry, I have worked with a number of banks, mortgage companies and lenders. My most recent transaction with Fred Chamberlin was truly a pleasure from start to finish. Sometimes working with first time home buyers can be a challenge, but Fred’s years of mortgage experience coupled with his knowledge of the current market, his ability to offer a full range of products and programs and his commitment to make every transaction a successful one is why Fred is always my first call when working with new buyers. I would be happy to chat more – give me a call: 541-579-LORI.

Lori Palermo, GRI
Fairway Real Estate, Inc.
846 “A” Street
Springfield, OR97477
(541) 746-3498 Office

(541) 579-5674 Cellular

Fred cares a lot about his clients and always guides them to making their best decision regarding mortgage loans or re-fi’s. His many years of experience have resulted in a wide knowledge of options to recommend. I have sent my real estate clients to Fred many times over the years.

Mary Bennett, Principal Broker, Owner, Bennett & Dean Real Estate


I chose Fred because of his depth of knowledge regarding FHA and government mortgage loans. Other brokers were unable to navigate the complexities of government loans at a time when all banks were making it tough to get loans regardless of a client’s good credit. Fred always answered my questions in a timely manner and never passed the complexity of the process on to me. Furthermore, he always kept a positive attitude and sense of humor, making it easier on all involved!

Brian Whalen, client

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