First time buyers in the Portland Metro Oregon area might want to look into the State’s Oregon Bond program.
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There are two Oregon Bond Programs available to first time buyers. Two Loan Options — The Oregon Bond Program offers eligible borrowers a choice between cash to close or their best interest rate.
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RateAdvantage Home Loan
A qualified borrower will get the lowest fixed rate possible to maximize their home purchasing power.
CashAdvantage Home Loan
A borrower will get a low, fixed interest rate on their home loan along with cash assistance equal to 3% of their loan amount. The cash assistance will help to reduce the toal cash they need to close the loan.
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Oregon Housing and Community Services helps Oregon households buy a home by providing below-market rate financing and cash assistance through our Residential Loan Program, also known as the “Oregon Bond Loan.” The program offers a below-market rate which helps eligible families increase their home purchasing power and lower their monthly house payments to be affordable. For both loan options, the eligibility and program requirements are the same.
Who Are Eligible Borrowers First Time Buyers and the Oregon Bond Program?
There are income limits, targeted and non-targeted areas and a first time buyers who would like to know more about the Oregon Bond Program can contact me for a list of participating lenders or visit this site for more information.
Homes for Sale in the Portland Metro Area
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Buyers Agent Portland, LLC is an Exclusive Buyer Agency serving the Portland Metro real estate market since 1999. The brokerage only represents Home Buyers and never home sellers. If you’re looking for a home anywhere in the Portland Metro area, there is no better representation than an Exclusive Buyers Agent. We assist investors, folks relocating to Portland area, those moving to Portland in-state, home buyers who are looking to down-size or move-up and of course . . . love working with first-time buyers. I help Buyers in the Portland Metro market find exactly what they need in the Tri-County markets of Clackamas County, Multnomah County and Washington County, as well Portland cities including but not limited to:
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Buyers Agent Portland LLC
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