Time is Running Out to Apply for Oregon's Mortgage Payment Assistance Program

Mortgage and Lending with Karen Cooper | Sr Retail Loan Originator ! NMLS # 223305 | 360 Mortgage Group LLC Austin Texas NMLS 223305

Oregon was one of the states awarded money to help its communitites suffering from high foreclosure and unemployment rates. One of the programs Oregon designed was to help eligible families pay their mortgage payments - up to $20,000 or 12 months, whichever is less. Jackson County Oregon was given 276 slots for this program by the State of Oregon and Josephine County was given 216 slots. Once the deadline passes on January 14th for online applications (January 15th for in person ones), the State will hold a random drawing for each County that was awarded slots for this funding. In Jackson and Josephine County, there have not yet been enough applicants to apply for all the slots!!!!


If you or someone you know has suffered a loss of income of 25% and are below 120% of the State median income for your family size, HURRY if you wish to apply for this program if you live in the home and own no other residential real estate!!!!  More information/details and the application can be found at www.oregonhomeownerhelp.org.


See you out there!

Posted by

Karen Cooper Southern Oregon|California Mortgage ConsultantKaren Cooper - Home Lending Advisor Nationwide

               NMLS #223305



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Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Karen - WOW!  What a great program!  I can't believe they haven't received enough apps to fill the slots.  How are they marketing and promoting the program?

Jan 09, 2011 03:12 PM #1
Karen Cooper
Karen Cooper | Sr Retail Loan Originator ! NMLS # 223305 | 360 Mortgage Group LLC Austin Texas - Leander, TX
Helping Homeowners w/Home Loans in 23 US States

Hi Donne - I think it was timing. The application period is 12/15/2010-1/14/2011, so I think with the holidays people missed the TV/radio spots, Public Service Announcements etc. Handouts were put out at community partners, though - , Realtors'/Homebuilders' Association, churches, post office, library, etc. Those should have drawn attention, so who knows...

Jan 10, 2011 07:40 AM #2
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