| |
city of medford: Where Is Louise Dix? - The Ongoing Saga of Oregon Neighborhood Stabilization Program - 10/06/09 07:21 PM
Monday October 5th was the official release for the State of Oregon’s Neighborhood Stabilization Program. The City of Medford Oregon which has its own program funding released on September 4th but put the program back on hold. Why? Could it be because the City removed Louise Dix from her position as Resource Coordinator for the City of Medford? Now we HAVE no Neighborhood Stabilization Program Coordinator for the City of Medford’s Neighborhood Stabilization Program?
An interim person is being assigned for the home buyers I am work with whose application was submitted on September 4th, whose transaction is scheduled to … (4 comments)
|
city of medford: Four More Ways To Buy A Medford Oregon Home With $1,000 - 05/07/08 12:12 AM
Have you been savings your pennies to buy a home, and your Piggy Bank is filled up and ready to go?
I couldn't believe the number of homes that Krista Bolf shows are currently available for sale for under $200,000 in Medford, Oregon.
Students who have been attending the HUD approved "ABC's of Homebuying" course that Southern Oregon Housing Resource Center puts on in order to arm themselves with the knowledge to prepare themselves for homeownership have soooo wanted to have this opportunity to find something in their price range. This is EXCITING news for first time home buyers in Southern Oregon … (4 comments)
|
city of medford: $1,000 Down/$1,050 per month PITI Buys a $175,000 Home for Medford Oregon Buyers? - 04/27/08 04:34 PM
Did you know that a First Time Home Buyer in Medford, Oregon could buy a $175,000 priced home with as little as $1,000 of their own funds and have payments of about $1,050 per month including their principal, interest, taxes and insurance on a 30 year fixed rate mortgage? This is less than the Hud Fair Market Rent for a 3 bedroom home in Medford, Oregon - and that's before any income tax deductions you may be eligible for!
Alright, but, what kind of loan is this? It is the Oregon Bond 30 year fixed rate mortgage, the RateAdvantage program, which is … (2 comments)
|
city of medford: Back To The Days of 20% Down Payment? Oregon Suspends CashAdvantage Program - 04/01/08 10:24 PM
I was on vacation soaking up some sun and warmth in Southern California last week.
Returning home, reaffirmed in our appreciation of the slower pace and more peaceful life we have here in Southern Oregon leaving the freeway shootings behind, I find one of my favorite loan programs has come under fire.
The Oregon Bond Loan is a wonderful tool for first time home buyers, and the CashAdvantage program has been the hand up many first time home buyers in Oregon have needed to fulfill their dream of homeownership. This program provided a 3% credit toward the buyers' down payment and/or closing costs, … (8 comments)
|
city of medford: Effective March 7, 2008 ANOTHER Oregon Bond Rate Increase! - 03/08/08 12:49 PM
Well, the State of Oregon did not wait long to put their new "no notification policy" to work. The rates were increased March 3rd, and March 7th they were raised again without the usual e-mail going out to lenders participating in this program. The RateAdvantage program is now at 5.625%, and the CashAdvantage program is at 6.125%. These interest rates are only about 1/2% better than the 30 year market rates I am quoting for conforming loans, which are the closest equivalent program to Oregon Bond. Not quite the 3/4% to 1% savings the State is to target, based on my … (0 comments)
|
city of medford: Oregon Bond Rate Advantage Program at 4.95% - 02/03/08 11:33 PM
Have I mentioned before how great I think the Oregon Bond Loan program is for the first time homebuyer purchasing their home in Oregon? This program is designed to help the first time home buyer by giving them a below-market interest rate AND the option to buy a slightly higher, but still below-market, rate if a lack of savings is their hurdle to fulfilling their American Dream of homeownership.
Buyers need to qualify for the Oregon Bond Loan, proving they have sufficient income to purchase a home within the criteria of this program. It also has credit history guidelines, and is … (3 comments)
|
city of medford: Aaaarrrgh! My Income Is Just Too Low to Qualify to Buy A Home! - 10/27/07 12:45 AM
So, you hear all the stories from other people about how they bought their home, but you have given up hope of ever owning your own. Your income affords you a home that is barely livable, and you struggle to pay just for that every month. And, let's not even TALK about your heating bills you pay for this old, leaky place you rent! You may have had some credit issues in the past, and don't want to complain about the condition of your home because what if no one else will rent to you? Maybe the condition of the home … (0 comments)
|
city of medford: Buyer's Buying Dollar Increases This Monday - 10/19/07 03:46 PM
Good News!
The Oregon Bond Loan rates are going down effective Monday October 22nd. The Rate Advantage Program will be 5.125% for a 30 year fixed and the Cash Advantage Program with the 3% Credit toward the buyer's closing costs/down payment will have an interest rate of 5.625% (5.866% APR on $219,000 loan amount example referenced here).
What does this mean? Well, for one buyer I am working with who was approved with a high back-end debt-to-income ratio, he can now afford a home worth $10,000 more, helping him get in to the home more in line with his needs, as he has been struggling to find … (0 comments)
|
|
|
|
|
|
Karen Pierce Cooper
Medford,
OR
More about me…
Karen Pierce Cooper| Housing Counselor |Oregon
Address: PO Box 4126, NMLS#223305 , Medford, OR, 97501
Office Phone: (541) 779-6691
Email Me
Bringing 28 years of experience providing Southern Oregon and California Home Buyers and Homeowners | Serving all of Jackson County Oregon including Ashland- Talent- Phoenix- Medford-Jacksonville- Ruch- Central Point- White City- Eagle Point- Shady Cove- Gold Hill, as well as Josephine County including Grants Pass- Merlin- Wilderville | Helping Southern Oregonians on the road to fulfilling the American Dream of Homeownership - and staying there! ,
Ashland, OR (97520) Current Weather
, ,
 Listings
Links
Archives
|
;)
;)
;)
