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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

 
This post has been included in Oregon Information Jackson County, OR Information Medford, OR Information
Post is included in group: Oregon Realtors and other Real Estate Professionals
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2 Comments on $1,000 Down/$1,050 per month PITI Buys a $175,000 Home for Medford Oregon Buyers?

Wow, that is amazing.  More people shuld be buying

04/29/2008 06:48 PM by Krista Bolf Ashland Agent, Ashland Real Estate & Medford Real Estate (Coldwell Banker Pro West)

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.

04/29/2008 10:55 PM by Quality Home Loans, Inc. - Karen Cooper, Oregon & California

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Mortgage Company: Quality Home Loans, Inc. - Karen Cooper, Oregon & California
Karen Cooper - Mortgage Consultant for OR/CA
Ashland, OR
More about me…
Quality Home Loans, Inc. - Karen Cooper, Oregon & California

Office Phone: (541) 608-6003
Cell Phone: (541) 601-4303
Email Me
25 years experience providing Southern Oregon and California Quality Home Loans| Assisting First Time Home Buyers in need of Down Payment Assistance in Oregon| Specializing in Oregon Bond Loan| Oregon VA Loans| 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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