Special offer

Table Rock Fellowship of Medford Oregon Steps Up to Help Habitat for Humanity Rogue Valley Build Their Next Home

By
Mortgage and Lending with Karen Cooper | Sr Mortgage Loan Originator ! NMLS # 223305 | First Federal Bank of Florida, Ocala, FL NMLS 223305

Table Rock Fellowship is a nondenominational Christian fellowship church that has grown to become one of the Rogue Valley's mega churches. In spite of roughly 3,000 weekly attendees at this church, it has remained a down-to-earth, friendly church offering many programs and link groups to its members looking to find the right church home. The pastoral team, staff and volunteers who pull together the many different services and programs this church offers are an outstanding resource and one of the reasons for this church's phenomenal growth. This is a "come as you are" place, with a fantastic worship band and children's program. This church ROCKS!  Due to the phenomenal growth, services are being extended effective March 15th-16th and will be held Saturdays at 6PM, and Sundays at 8:15a.m., 9:45 a.m., and 11:30 a.m., with Children's ministry available at all services.

As is often the case with joint venture projects, especially Christian ones, a simple question, a reach out, and the putting together of like minds leads to a successful venture. Several weeks ago, a volunteer from Habitat for Humanity Rogue Valley asked Pastor Tom Sabens if there was a chance Table Rock Fellowship might see their way to sponsoring the next home Habitat for Humanity Rogue Valley is building in Central Point, Oregon.  Pastor Tom relayed the request to Table Rock Fellowship's congregation and in no time at all, offers were flowing in for contributions of work and materials to assist with this build.

Rogue Valley Habitat for Humanity Medford Oregon

Misconceptions abound about how the Habitat for Humanity Program works. This program is a hand UP, not a hand out. The philosophy of HfH is "teaching the man to fish". Each family works at least 500 hours to meet their sweat equity requirements in the local affiliate. They make a small contribution to set up their escrow account to pay their taxes and insurance - $500 for each partner family with our local affiliate. Then, they have a mortgage just like most homeowners, albeit at zero interest. In order to make the payments affordable for these families earning between 30-60% of the HUD median income for our county, there will be two mortgages. The first is the one they make their monthly payments on, and will have the principal amount that bears the bulk of the expense associated with the home's construction. The second is silent, has no interest or payments, and is gradually forgiven. This may be where the "handout" perception comes from, but if the homeowner sells the home during the first 9 years, they will have to pay all or part of this principal balance, too. These are general guidelines for our local Jackson County, Oregon Affiliate, and may vary slightly between one affiliate and the next, being adjusted to meet the needs and requirements of individual communities. The local Affiliate maintains first right of refusal to buy back the home in event the homeowner sells. Homeowners attend budgeting and credit counseling classes to prepare them for homeownership, and have Family Partners that continue to interact with them long after the home is complete.

For Habitat for Humanity Rogue Valley's latest home at 242 Aurora Lane in Central Point Oregon, they are holding an Orientation Meeting at Table Rock Fellowship on Wednesday March 12th at 7PM in the Worship Center. A Wall Raising Celebration to kick off the project will be on the site of the home Saturday March 15th at 1PM, with a BBQ and "Bring a Dish" starting at noon.

See you out there!

Karen Cooper - OR/CA Mortgage Consultant - http://www.quality4loans.com/

Posted by

Karen Cooper Southern Oregon|California Mortgage ConsultantKaren Cooper - Home Lending Advisor Nationwide

               NMLS #223305

 

Comments(12)

Krista L. Walker
RE/MAX Platinum Medford - Medford, OR
Oregon- Homes & Real Estate for Sale
it is always good to have local people helping local people
Mar 10, 2008 07:20 AM
Karen Cooper
Karen Cooper | Sr Mortgage Loan Originator ! NMLS # 223305 | First Federal Bank of Florida, Ocala, FL - The Villages, FL
Helping Homeowners w/Home Loans in 27 US States
Krista - I think so, too. We supported Mercy Corp programs for a while, and missed that local connection, so we turned our attention to the many worthy local organizations we feel a connection to.
Mar 10, 2008 07:24 AM
Rich Dansereau
Positive Real Estate Professionals - Knoxville, TN
Living in Atlanta, we often hear of President Jimmy Carter's work with this worthwhile organization. This is such a great organization and a benefit to any community. 
Mar 13, 2008 02:39 PM
Karen Cooper
Karen Cooper | Sr Mortgage Loan Originator ! NMLS # 223305 | First Federal Bank of Florida, Ocala, FL - The Villages, FL
Helping Homeowners w/Home Loans in 27 US States

Rich Dansereau Loan Officer Atlanta Georgia - Yes, you are on President Jimmy Carter's home turf, aren't you? Also, Habitat for Humanity International's main headquarters in Americus, GA are located in your neck of the woods. Now there's a Localism blog for you if it hasn't been done already ;->

On a separate note, Rich - thank you very much for taking your time to give your honest opinion for the client considering refinancing his Memphis, TN home. Without being able to recoup his expenses in his projected time frame, he opted not to do it.

Mar 14, 2008 07:05 AM
Rich Dansereau
Positive Real Estate Professionals - Knoxville, TN

You are right about the blog idea, and I do love localism!

As for the borrower, I am glad I could help with a straightforward answer. I am glad the borrower chose what is right for their situation! 

Mar 14, 2008 02:00 PM
Rich Dansereau
Positive Real Estate Professionals - Knoxville, TN
Karen - Just wanted to let you know that you are the inspiration for the post I just did! You are thanked and I link back to this post.
Mar 17, 2008 08:55 AM
Karen Cooper
Karen Cooper | Sr Mortgage Loan Originator ! NMLS # 223305 | First Federal Bank of Florida, Ocala, FL - The Villages, FL
Helping Homeowners w/Home Loans in 27 US States

Rich - Great job on your Habitat for Humanity International post. Glad you were inspired to get more info out on this wonderful charitable organization.

How did you fare with the weekend weather in your neck of the woods?

Mar 17, 2008 09:09 AM
Rich Dansereau
Positive Real Estate Professionals - Knoxville, TN
The weather was crazy...Friday, at least one tornado in downtown...luckily,I live in the northern suburbs...oh wait, Saturday tornadoes hit the norther and southern suburbs. We had periods of light rain to golfball (or bigger) sized hail. It was insane, I took photos and will have to post them; maybe to Danny Thornton's blog on the storms! Luckily no broken windows nor bones. We survived and thanks for asking.
Mar 17, 2008 10:06 AM
Anonymous
Anonymous

doing a good job keep it up

Aug 09, 2008 10:55 AM
#9
Karen Cooper
Karen Cooper | Sr Mortgage Loan Originator ! NMLS # 223305 | First Federal Bank of Florida, Ocala, FL - The Villages, FL
Helping Homeowners w/Home Loans in 27 US States

Anonymous - Here in the Rogue Valley in Southern Oregon we have some phenomenal community support from organizations like Table Rock Fellowship as well as so many other volunteer driven organizations (Community Works, CASA, Rotary Clubs, Habitat for Humanity). I'm happy to have a small part with my many esteemed community members.

Aug 11, 2008 04:42 AM
Mobile Austin Notary
Apostille/Authentication/Embassy Legalization, Notary Public, Loan Signing Agent & Process Server Services - Austin, TX
www.mobileaustinnotary.com

I realy enjoyed reading this post! puppy

Jan 30, 2009 05:17 AM
Karen Cooper
Karen Cooper | Sr Mortgage Loan Originator ! NMLS # 223305 | First Federal Bank of Florida, Ocala, FL - The Villages, FL
Helping Homeowners w/Home Loans in 27 US States

Thanks for stopping by, Jenette.

Jan 30, 2009 05:25 AM