Oegon Bond Loan program at 6.0% 30 year fixed rate, for first time homebuyers who qualify within 100% of median income is my Industry specialty.
If you are considering purchasing in the Portland area, you may also qualify for Mortgage Credit Certificate program, where you'll be able to deduct on personal tax returns dollar for dollar of 80.0% of mortgage interests paid on your new mortgage.
I've also helped many first time homebuyers purchase with our Home remodel streamline 203K program.
I am ready to expand on any mortgage options.
When shopping for a house or a loan, its not like going to penney's for a pair of sandles and then deciding to get a cheaper pair at walmart. You are engaging professionals to guide you through a complex process and a major investment in your home and your life!
For Market research, home values and prices in YOUR neighborhood check out HOMEINSIGHT.com
Yes, we need to hear from a mortgage broker...and hopefully one will chime in. It used to be a two year minimum...on the job. Then it became much easier, with just "same job and/or same industry". However, underwriting seems to be changing and qualifing criteria too. Loan programs are changing a lot too.
Still, it may not be impossible at all. Even if the standard loans are problematic, there are some sellers who will enter into an owner carry OR a lease/purchase with a delayed close.
you need two people in your pocket. A good lender and a Good Realtor
best wishes ....and we all hope you love Portland! Go Rose City and the Rose Festival!
Jensen White Real Estate
First paragraph's comments from previous Realtor, apply to me.
I am that Lender who can walk you thru the process of Mortgage options.
Certified and active member to teach First time Homebuyer Class.
Waiting for your call,
NW Portland Branch
I wish I had your email because I could point you to a couple lenders who like to sit down with first time home buyers and work with them to get them ready for the first loan. If your credit is good and your work hasn't changed from one line of work to another and you have a decent history in that line of work you would most likely qualify for a loan. This of coarse depends on you having a good credit score and ample down payment (usually minimum of 3% of sale price). There are grant programs you may also qualify for and these lenders can walk you through it all. Just one call or email away.
If you don't have a Realtor to work with yet please contact me and I'll be happy to give you all my qualifications and references. In the mean time go to http://www.qualityservice.org and type in my name, city and state to see the customer service ratings on me (collected by an independent research company who surveys all my clients individually.
Tom Inglesby, Broker
RE/MAX Equity Group Inc.
By the way, everything from the roof to the exterior siding, plumbing and electrical have been upgraded recently (compare to older Portland homes with a lot of "deferred maintenance").
2 br 2.5 bath, 2 car tandem garage, AC, Stainless Appliances
Scholls Village Gated Community, Quiet, Private, Secure area
If your new job is very similar to your past job, you are okay to apply for a mortgage.
Call Steve Gabriel at CrownMerit financial for honest, up front mortgage advice. His number is 503-888-2297 and he is FHA qualified, which you might also qualify for.
In the interim, visit:
Where you can search all of Portland, West Linn, Clackamas, Oregon City, Salem...as far south as Ashland. HouseNow.com is connected to 3 mls's (RMLS, WVMLS, SOMLS) so you have access to comprehensive market information that is timely.
Chris Courtney - Broker
State Certified Residential Appraiser - 15 years
(541) 284-2511 office
Tom Inglesby, Broker
RE/MAX Equity Group Inc
Portland, Or 97239
Welcome to Portland. I've lived here 38 years and love it!
My advice is to consult with a large bank or credit union. Bank of America recently still had first time home buyer programs with low down payment incentives for first time buyers. There is also the Oregon Bond Fund which gives offers a lower rate, but check what the rules are regarding the time you must own the home. If you are in a field such as Medicine or public service Bank of America also has special programs they offer for selected professions.
Good credit is key, so a lender will be able to pull this and share it with you. A good lender will also be able to guide you on strategies if there are any mistakes on the report.
I have some excellent lenders I work with and I'm happy to share if you would like to contact me.
Windermere Realty Group
Welcome to Portland (and West Linn)! The best way to get the answer is by taking 10 minutes to talk to a local mortgage professional. Only by taking a look at your "big picture" can you get a good answer. If you can't get approved today - they will be able to give you a good "road map" to how to get to that point.
I work in the West Linn area and have some outstanding mortgage professionals I can refer you to -- honest, high quality and experienced. Shoot me a call or email and I'll give you a couple names.
Keller Williams Realty
I am a home lender here in Beaverton. The answer to your question is a definite, absolute, "it depends." It is not so important that you are new on the job or new in town as is job / work history to make the case to a bank. I would be happy to help you get an accurate answer and identify the important details. If yo arte not ready, I can help you make a plan to get ready. You can 'e' me, go to my web site, http://www.mrloan.info, or call me at my office, Northwest Mortgage Group, 503-439-9191.
SR Loan Officer
Give me a call Sunday if you like and I am pretty sure I can help you out.
My Cell is 503-799-8383.
Re\Max Hall of Fame
#1 Rated Re\Max Team in Oregon
Ultimately, you want to get pre-approved, so you should talk with a mortgage pro. Most of the real estate broker that comment here (including me) can introduce you to reputable lenders to answer your questions fully.