There are bright rays of sunshine gleaming through the present real estate market here in Southern Oregon. For the first time in a long time, prices are in the range of the entry level home buyer. How did we get to this place?

Many economists and industry professionals believe that the price point for sustainable homeownership is 3-4 times the annual income for the household. Well guess what, Rogue Valley Renters? Those price ranges are here! Add to that some other great market conditions, such as:

• For buyers in need of down payment assistance, there is a great program called the USDA Guaranteed Rural Housing program that finances up to 102% to cover their 2% guarantee fee in order to give you a loan with no mortgage insurance!

• If you have saved some money for a down payment, the conforming interest rate on a 30 year fixed for qualified buyers is as low as 4.625% with 1 point cost right now (subject to change at any time in this extremely volatile market; 5.026% a.p.r. on $150,000 purchase price with 700+ credit score)!

• With rents creeping up in the Rogue Valley and good rentals sometimes hard to find, and almost 300 homes listed for sale for under $150,000 that might keep you at the $1,000 per month payment (including principal, interest, taxes, PMI, if applicable, and insurance), who wants to rent!

Are you ready to take the steps to become a homeowner? Call for your free consultationfrom an industry veteran bringing 25 years of Quality experience to work for you. Or, go online for more information.

See you at the closing table!

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