More help for buying a home in Oregon

As the First Time Home Buyer Federal Tax Credit Program winds down, other programs are cropping up to help home buyers.

Here’s one for people wanting to buy a home in Portland or any other part of Oregon.

Oregonians looking to buy their first home may qualify for an assistance grant from the Home Sweet Home Program (HSHP). The Oregon Association of Realtors and the Oregon Bankers Association have partnered to create grants for buyers who earn less than or equal to the median income in their area. (The Oregon median income in 2008 was  $50,165. Link to Census Bureau info.)

HSHP funds will be disbursed to eligible first-time home buyers in the form of $2,000 grants.  To access funds, the home buyer must obtain their first mortgage loan through an Oregon Bankers Association member bank.  The bank will work directly with the Bankers Association which is administering the program.  The eligible home buyer must also be working with a REALTOR® on the home purchase.

Download the flier with more info on the program.

Please call me if you have questions: Anne Kadin 503 320-3163.