As a First Time Home Buyer, you have probably weighed all of the options of buying v.s. renting your own home, and you've come to the conclusion that buying a home is still a great investment into your future.
In my series for First Time Home Buyers, I have outlined the steps that you should take to ensure that your first home purchase is a smooth transaction. If you have been following the steps, you know that it is very important to know what you can afford. You also know that you will have a distinct advantage in purchasing your new home, if you've taken the time to get pre-qualified, or better yet, pre-approved.
If you are like many other First Time Home Buyers, you might have concerns about the down payment, and the closing costs.
If you live in Oregon and you are in the low to moderate income range, Oregon Housing and Community Services offers many options to assist you in your goal of home ownership.
Some of these services include down payment assistance programs. Here's one that you can research:
Home Purchase Assistance Program (HPAP): This is a state wide program, targeted specifically toward down payment and closing cost assistance.
Home Purchase Assistance Program Brochure
Home Purchase Assistance Program Brochure - En Espanol
Program Income Limits (Opens in an excel file)
The Department of Housing and Urban Development also offers many helpful resources for the First Time Home Buyer who lives in Oregon. You can find those resources here.
If you would like additional information, assistance or a referral to a lender who specializes in any of the programs you have read about, please send me an email, or you are always welcome to give me a call.
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Written By: Alecia A. Barnes -Proud to be a Realtor® in the State Of Oregon - Serving Albany, Brownsville,
Corvallis, Eugene/Springfield, Halsey, Lebanon, Sweet Home, and the surrounding areas. If you are thinking of
moving to Oregon, or are looking to list or buy property, give me a call, I'd love to help. Contact Me For A FREE Homebuyers Booklet!
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You put this together, right on! I enjoyed reading although I am not in Oregon. I like the way you presented it. Thanks for sharing. Happy and safe holidays to you and your family.