Hmmmm...I hear about $8,000 tax credits, people buying who are paying the same as they were paying in rent who said they only had to come up with about $1,500, or for some a 3.5% down payment. I'd really like to have my own place, a place where I will build equity instead of just writing a rent check every month a rent check that seems to go up every year. A place I can paint whatever color I want. I'm tired of having to move because my landlord sold the place, or is losing it through foreclosure, and what about my security deposit? I need that money to be able to move. I hear about all this housing stimulus and low interest rates...what does that mean for me and my family?
Well, for another Southern Oregon family who had many of these same thoughts, the low interest rates, 
no down payment required program meant they are the proud owners of a house in White City that they've been sprucing up in order to move in to this weekend. They qualified for the USDA Guaranteed Rural Housing program, and all they had to pay for was their appraisal fee and their home inspection fee, getting most of their earnest money deposit back at closing.
For another Rogue Valley couple who will close next week, they found the perfect home that gives them room to grow and accommodate plans to one day have their own home based business. A home they are stepping in to with a good chunk of equity AND they are receiving down payment assistance that will help them keep the payments affordable.
Three potential buyers are eagerly awaiting word of what the final terms will be for the Neighborhood Stabilization Program, thinking this just might be their ticket to successfully purchasing a bank owned home for at least 15% less than market value with up to $50,000 in down payment/repairs assistance.
You know - as challenging as the housing and mortgage industry can be these days, I still love what I do?
See you at the closing table!
Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com
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