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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 presently offering a 5.50% interest rate to qualified buyers.

But, how much do I REALLY have to come up with? $1,000 or 1% of the purchase price, which ever is lower. This example incorporates several programs you would need to be eligible for, but a great many people in Medford, Oregon could qualify.

What's the trick? No trick, although funds are limited in these programs and could run out. The biggest "trick" is finding the qualified, experienced professionals in mortgage and real estate to work with!

So, now I have a question for you - what are you waiting for?

Oregon Bond

See you at the Closing Table!

Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com

Karen Cooper - OR|CA Mortgage Consultant - www.Quality4Loans.com
Providing high Quality, Professional, Ethical service to Oregon and California home buyers and owners since 1983. Whether you are taking out your first home loan or your fiftieth, for your home, your second home or for investment, put my knowledge and expertise to work for you.

 
This post has been included in Oregon Information Jackson County, OR Information Medford, OR Information
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2 Comments on $1,000 Down/$1,050 per month PITI Buys a $175,000 Home for Medford Oregon Buyers?

APR
29
2008
148,587 Points 2 Featured Posts
Krista - Maybe the fence sitters will be shaken up a bit after the minutes from this week's Fed meeting are released. Would hate to see them finally stop waiting, and have the funds be all gone from the down payment assistance programs.
10:55pm • #2

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Karen Cooper-Mtg Banker|Broker Ashland|Medford

Ashland, OR

More about me…

American Pacific Mortgage- Karen Cooper, Oregon & California

Address: 301-B Crater Lake Avenue, OR ML License #ML-2338, CA DRE License 01180222, Medford, OR, 97504

Office Phone: (541) 608-6003

Cell Phone: (541) 601-4303

Email Me

26 years experience providing Southern Oregon and California Quality Home Loans| Assisting Oregon First Time Homebuyers with no Down Payment| Specializing in USDA Guaranteed Rural Housing & Oregon Bond Loans| Oregon VA Loans| Farm/Ranch Loans| Aggressively Priced Jumbo Mortgages| 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 and Northern California communities in Siskiyou County| Helping Southern Oregonians and Californians on the road to fulfilling the American Dream of Homeownership

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