Good news for people in Oregon who are thinking about buying their first property: not only is now an excellent time to buy, there are also two programs that offer assistance to 1st time buyers. One program offers interest rates of 3.25 percent – well below current rates, while the second program offers buyers the option to apply up to 3 percent of the loan towards paying closing costs. Eligible Oregon first time home buyers can purchase a new or existing home anywhere in the state.
The Statesman Journal reports:
Being a first-time homeowner for the first time can be daunting. There are types of hoops to jump through and many times the most difficult part is securing an affordable mortgage loan. Well, first-time homebuyers in Oregon rejoice. Help is on the way.
Oregon Housing and Community Services (OHCS) announced its Oregon Bond program is now offering help to first-time homeowners a mortgage loan below market interest rates.
>> read more at statemanjournal.com