Affordable Homeownership with the Oregon Bond + Rate Advantage Programs
I am not a lender, but felt that it would be very beneficial to share this loan program with my audience and shed light on a program that could really impact someone's ability to break into our market. I have worked with a few clients to make this happen and have great lender resources to provide you if you're interested to explore this strategy.
For first-time buyers in Oregon, the Oregon Bond Program offers an incredible opportunity to secure a home with a more affordable mortgage. This state-backed program provides below-market-rate home loans through tax-exempt housing bonds, helping low- and moderate-income buyers reduce borrowing costs. Buyers can choose between two options: Rate Advantage, which offers significantly lower interest rates, or Cash Advantage, which provides closing cost assistance. To qualify, buyers must meet income and purchase price limits and plan to use the home as their primary residence. With compatibility across various loan types and down payment assistance programs, this is a game-changer for buyers looking to make homeownership a reality. Take a look at the link above for an "at-a-glance" look over the program offerings or shoot me a message! - Greg
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