Real estate blog entries tagged with first time home buyer by American Pacific Mortgage- Karen Cooper, Oregon & California

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first time home buyer: Kudos to City of Medford, City Council and ACCESS Inc. For Going Above And Beyond! - 07/29/09 06:25 PM

We're all bombarded by "stuff" on the news about this disaster and that failed system, and with the current state of the economy, real estate market and mortgage/banking industry, there is plenty of media fodder out there. How about a SUCCESS story? I have Kudos to give to the City of … (0 comments)

first time home buyer: Down Payment Assistance Coming Soon For Medford Oregon Buyers? - 08/11/08 11:26 AM

Plans are in the works to help provide down payment assistance for first time home buyers looking to purchase a home in Medford Oregon. The State of Oregon's and the City of Medford's Purchase Assistance Loan programs have been out of funds for several months, leaving first time home buyers looking … (3 comments)

first time home buyer: Metamorphosis With An Ever Changing Housing Market - 06/12/08 12:36 PM

A lot has changed in the housing market since I entered the business in July 1983. I can speak more specifically to the real estate finance industry, as the bulk of my 25 years have been spent here. Had I not started out with a bank whose top leaders were the … (2 comments)

first time home buyer: 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 … (4 comments)

first time home buyer: $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 … (2 comments)

first time home buyer: Calling All Fence Sitters! Five Good Reasons to Buy Now... - 04/24/08 12:50 AM

Southern Oregon is such a great place to live! Time to put down some roots and stay a while? Well, here are five reasons you may want to consider buying now:
* Interest rates are still at historic lows, under 6% with no points for a conforming loan fixed for 30 year fixed … (7 comments)

first time home buyer: Now Is The Time For Us To Swing This Pendulum Back To The Middle! (Part 3 of 3 – Low-to-Very Low Income Buyers) - 04/03/08 05:47 PM

Okay Non-Profit Affordable Housing Developers, I'm throwing down the gauntlet for you! Are you really utilizing the many funding sources available to you? Why is it that one affordable housing developer builds 10 or more homes per year, and another 1 home per year?
Oregon Habitat for Humanity Affiliates and Community … (1 comments)

first time home buyer: Now Is The Time For Us To Swing This Pendulum Back To The Middle! (Part 2 of 3 – Low-to-Moderate Income, Workforce Buyers) - 04/03/08 05:06 PM

In the almost 25 years I've been in the real estate and finance world, I've come across many programs that effectively contribute to sustainable homeownership for owner occupants. These programs may work for buyers qualifying for Conventional, FHA, VA, even Jumbo loan programs, but most require buyers take fixed rate loans, not … (0 comments)

first time home buyer: Now Is The Time For Us To Swing This Pendulum Back To The Middle! (Part 1 of 3) - 04/03/08 04:48 PM

Wonderful news! Oregon Affordable Housing advocates have helped secure much needed funds to help retain low-cost rental housing units, funding that will include saving 667 apartment units in Jackson County, Oregon, keeping these units from being sold at market rates when their contracts expire soon. With the low rents maintained to … (0 comments)

first time home buyer: 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 … (8 comments)

first time home buyer: New Income Limits for Oregon Bond Loan Effective March 14, 2008 - 03/12/08 05:24 PM

There are new income limits going in to place on the Oregon Bond Loan that become effective this Friday, March 14, 2008. For the Jackson County area here in Southern Oregon, there is no change for non-targeted areas, but the income limit will INCREASE for targeted areas. The City of Ashland … (0 comments)

first time home buyer: 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 … (0 comments)

first time home buyer: Oregon Bond Loan Rate Volatility - 03/06/08 07:11 PM

We just received notification from the State that they reserve the right to adjust the interest rate on the Oregon Bond Loan programs, RateAdvantage and CashAdvantage, just as any market interest rate published by the banks and lending companies. Lending professionals will need to check the Oregon Bond Loan's Reservations website … (2 comments)

first time home buyer: MCC A Better Alternative Than Oregon Bond? Maybe, With The Newest Interest Rates - 02/29/08 02:24 PM

The State of Oregon's Bond Loan Program for first time homebuyers will have higher interest rates on Monday. Effective March 3, 2008, the RateAdvantage interest rate will go up to 5.40% and the CashAdvantage interest rate will go up to 5.90%.
I recently did an article comparing the Oregon Bond loans to the … (4 comments)

first time home buyer: Shakespearian View of Oregon Bond versus Mortgage Credit Certificate - 02/27/08 12:06 AM

O Affordability, Affordability, wherefore art thou affordability?
Undeniably, first time home buyers in Ashland Oregon have a tough time of it when it comes to entering the Ashland Oregon real estate market for the first time. Other areas of Oregon are struggling with the same challenge of housing affordability versus … (3 comments)

first time home buyer: 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 … (3 comments)

first time home buyer: Effective Today Fannie Mae's Declining Markets Reinstated Guideline Takes Effect - 01/15/08 01:48 PM

Well, today is the day. Loan Applications dated January 15, 2008 or later may be subject to this reinstated regulation. Freddie Mac, VA and HUD have all posted similar notifications, making Fannie Mae the last one to the table on this issue. I'm finding that with a such a wide-based and undefined … (9 comments)

first time home buyer: First Time Buyer Resources - (Part 5 - Homebuyer Education) - 01/08/08 10:12 AM

Homebuyer education courses can be an invaluable tool for the First Time Homebuyer. They provide details on the many facets of homeownership, from preparing for the process, through the house hunt, all the way through to responsibilities of maintaining homeownership.
Not all homebuyer education classes are the same. Many real estate brokers and … (6 comments)

first time home buyer: Solution to Debt Consolidation May NOT Be to Refinance - 11/26/07 05:35 PM

Yes... I AM in the business to help borrowers obtain mortgages. Once again, I have talked myself right out of a transaction. This isn't the first time, nor will it be the last. Why, you might ask? Because, although I AM in the mortgage business, more importantly, I am a Mortgage Consultant. My … (2 comments)

first time home buyer: "ABC's of Homebuying" HUD approved Course Saturday December 8th - 11/26/07 03:53 PM

It's that time again! Every two months, Southern Oregon Housing Resource Center/ACCESS Inc. puts on the HUD approved "ABC's of Homebuying" course at Rogue Community College campuses, alternating between Medford and Grants Pass. The next class will be on December 8th from 9 - 4 at the Medford RCC Campus located … (0 comments)

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