|
|
Oregon Home Buying -
Oregon Home Buying
Jessica Elliott
Maybe you're buying your first home in Oregon, or perhaps you're relocating to Oregon from another state.
Either way, it's important that you educate yourself on Oregon home loans before shopping for a home and mortgage. This article explains what you'll need to know before buying a home in Oregon:
The median price of a home in Oregon is $152,000, and homes in Oregon have appreciation rates higher than the national average. The rate of job growth in Oregon is among the top five states in the nation. Additionally, mortgage interest rates have recently been lower than the national average, and many Oregon residents have been refinancing their adjustable rate mortgages.
Home prices in Oregon can vary greatly between zip codes. For example, in Portland, Oregon, the median price of a home in the summer of 2005 was $262,000; however, in Beaverton, Oregon, the median price of a home was $187,000.
The Homeowner Education Collaborative of Oregon offers a training course, The ABC's of Homebuying, to Oregon residents planning to buy a home. This course covers the basic information a homebuyer needs to know about housing decisions, financial preparation, mortgages, shopping for a home, closing your loan, and protecting your investment.
If you're buying a home in the state of Oregon, you qualify for both federal and state FHA and VA loans. First-time home buyers qualify for Oregon FHA loans with below-market interest rates, and, depending on their income, may also qualify for down payment assistance. The Residential Loan Program offers below-market interest rates to first-time homebuyers with low to moderate incomes, and the Downpayment Assistance Program offers down payment assistance to first-time homebuyers who meet certain income requirements. The income requirements vary from county to county.
Jessica Elliott recommends that you visit Mortgage Lenders Plus.com for more information about Oregon Mortgage Rates and Loans.
Article to continue below----------------------------------------------
Newport School Of Dance (Newport News-Times)
Former Newport School of Dance (NSD) students who have made their careers in dance return to share their experience with students at NSD. Director of the school and Oregon Coast Ballet Company (OCBC),...
------------------------------------------------------------------------------
Article to continue below----------------------------------------------
Oregon Author Fair Series Continues In Lincoln City (Newport News-Times)
More than 40 Northwest authors will be featured for the third event in the 2007 Oregon Author Fair Series, taking place from noon to 3 p.m. in the public plaza next to Bobs Beach Books in Lincoln Cit...
------------------------------------------------------------------------------
None
|
The links, articles, news items give you information that
has been collected from many independent sources.
The articles, links or news items are for general information only.
Their appearance on the web site does not mean the article, link or
news is endorsed by the owner of the web site. Use this information at your own
risk. |
|
