KStation Condos Now FHA Approved | North Portland Condos for Sale With GREAT First Time Buyer Incentives

Industry Observer with RETIRED / State License is Inactive Inactive License Oregon

K Station Condos Are Approved for FHA

What a great opportunity to buy at the K Station Condos.  For those who might now know, the K Station condos are NEW condo development in North Portland and the incentives are great especially for first time buyers.

Conveniently located on the Killingsworth Station MAX Yellow Line, these new condos for sale in N Portland are a wonderful opportunity, not only for first time buyers, but now with FHA approval -- which means that enough units have sold to meet the FHA guiidelines on condos for sale.

What Do the K Station Condos for Sale in North Portland Offer?

The condos for sale in North Portland at the K Station new construction development are true urban condos. They are designed to make commuting easy, offer first time buyers wanting to purchase new construction in North Portland easy and affordable.

"K-Station, a contemporary-design, four-story condominium and retail development on the corner of Northeast Interstate Avenue and Killingsworth Street, swung open its big glass double doors on Oct. 17 for the grand opening of a project seven years, two developers and $16 million in the making." ~~ Oregon Metro

Take a look at these new condos for sale in North Portland have to offer:

• 57 condos priced from the $160,000's • LEED Platinum
  • Electric car charging station & bike racks on every floor

• 10’ Ceilings • Light Shelves • On the Yellow MAX Line • Special Financing • Property Tax Abatement • Limited Tax Exemption • Zero-Interest DPAL Loans through PDC (Portland Development Commission)
Read Related Article: First Time Home Buyer Property Tax Abatement Program in Portland

Special Incentives for the K Station New Condos For Sale

In order to o qualify, the home buyer must be under contract to purchase a home at K Station Condo in North Portland. They also must be a first-time home buyer (defined as not having owned a home in the past three years). The condos for sale at K Station must be owner-occupied residences only.

Qualification for First Time Buyers of K Station's New Construction Condos in North Portland

• Annual household income must be at or below $45,600. • Must meet first mortgage lender’s financing requirements. • Combined liquid assets (cash and equivalent, stocks, bonds and bank account balances, excluding retirement accounts) cannot exceed $10,000 at closing. • Must be a US citizen or legal resident. • Must complete a homebuyer education workshop provided by a US Department of Housing and Urban Development (HUD) Certified Housing Counseling Agency. • There are no ongoing income limits or annual income certifications for the program. • Minimum borrower investment must be no less than $1,000.

Condos for Sale North Portland K Station New Condo Construction

These are only a few of the condos for sale in North Portland at the K Station location.

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Carla Muss-Jacobs has RETIRED effective May 1, 2018

Representing Buyers in the Portland Metro Real Estate Market | Clackamas Multnomah and Washington Counties | Since 1999

Carla Muss-Jacobs, REALTOR®, ABR, CEBA, ePro
Principal Broker/Owner ~~ INACTIVE

Carla Muss-Jacobs' retirement became effective May 1, 2018

Direct: 503-810-7192 


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Pamela Smith
Award Realty - Sun City West, AZ
Sun City West, Corte Bella, Sun City Grand


Great blog.  The pictures and description were so far above others in your area!

Jun 29, 2012 11:28 AM #1
Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula
Realty Works Temecula - Temecula, CA
Realty Works Temecula

Carla:  Excellent post describing not only K Station condos, but what it takes to qualify too!  You've got everything Portland buyers need to know!

Jun 29, 2012 03:36 PM #2
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

That is good news and should give those homes an immediate price boost too.  Knowing in advance FHA can handle it is great.

Jun 30, 2012 01:53 PM #3
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