Special offer

$1,000 Down/$1,050 per month PITI Buys a $175,000 Home for Medford Oregon Buyers?

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

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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

Posted by

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

               NMLS #223305

 

Comments(2)

Krista L. Walker
RE/MAX Platinum Medford - Medford, OR
Oregon- Homes & Real Estate for Sale
Wow, that is amazing.  More people shuld be buying
Apr 29, 2008 11:48 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 - 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.
Apr 29, 2008 03:55 PM