Creative ways to make your dreams of home ownership come true.

Free money? Yes please! Check out some of the programs available for first time home buyers, and the like (haven’t owned real estate in the last three years? You are considered a first time buyer in the eyes of the free money gods!). Below you will find an outline of some of the programs out there that can assist you in making home ownership a possibility. From low interest rates, to cash grants that can be used as a down payment or closing costs, these are great things to look in to if you are thinking about embarking on the home buyin’ journey.

The Oregon Bond cash advantage program. If you make under a certain amount, you can qualify for a 3% “cash” advantage- 3% of purchase price as a cash down payment, or towards closing costs. Or you can opt for a lower rate and no cash. Read more.. 

You may be eligible for a Federal tax credit that can help you to recoup some of the interest you are paying on your mortgage. Less money spent on taxes, means more to spend on mortgage 🙂 Read more.. 

There are other tax reducing programs, and you can find more information here.

Oregon Bankers Association has a program that can get first time buyers up to $2,000 towards closing or a down payment. Lender has to be a member of the Oregon Bankers Association. There are income requirements too- most of the programs require that you make 80% of the area median income, so for two people it is about $70-$85,000 a year. Read more.. 

Don’t see a program that fits your needs? Let us know!

Happy Wednesday!

Your Get Moving gals

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