Digging for Oregon first time home buyer grants to purchase a home? Find cool grants/programs for home buying in Oregon and other home mortgage grants available below.
Purchasing a home is exciting no matter what state you're buying in. Many become overwhelmed with the process, but don't let that happen to you.
It is my plan to give you some useful information about
first time home buyer grants. Sometimes when you are ready to buy a
home, you may not have the money saved for this pleasurable adventure.
That's why you are on this page right? You are looking for help to fulfill your dream. Well let me reassure you, there is grant money out there for the taking! Perhaps by qualifying for a grant you can receive a handful of money.
To begin with, the State of Oregon does not offer grants for buying a home for its residents; however, there are some programs that are very close. Which is very nice since not all states have assistance like this.
The state agency which maintains these programs for Oregon is Oregon Housing and Community Services (OHCS) and the name of one program is the "Oregon Bond Residential Loan Program". This program offers low interest rates for qualified participants as well as cash assistance. You have two choices.
You can either choose the "CashAdvantage Home Loan" or "RateAdvantage Home Loan" programs. The first allows 3% of the loan amount to be used as cash towards the down payment or other costs to close the loan. It also has a low interest rate. The other only gives you a very low interest rate.
There is also a down payment assistance program for qualified individuals. OHCS has provided funds to some organizations for providing down payment assistance to first time home buyers. Their goal is to provide affordable housing.
You should visit this website to determine your eligibility.
Another area for finding grants is through the federal government. They have Oregon first time home buyer grants assistance. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program.
Their website contains useful information and applications. Be sure to investigate what they have to offer by using this link, HUD Grant Information.
A good website to use to find grants is Government Grants. This website offers a list of all federal government grant programs. Remember, finding home buying grants will take some time and effort. That's why I have provided some websites for you to do your research.
Here's a tip to remember. Many of the monies provided for these grants are supplied early in the year. So start your search early and allow time to apply as well qualify for them.
In the process you should start searching for a lender who will work with these programs. Usually the program that works the best is the FHA loan product. So be sure to check them out too.
Choosing a lender that works well with Oregon first time home buyer grants or assistance programs requires a little effort.
Perhaps a grant is not available in your state. Or you do not qualify for one. Don't get discouraged. If you still want to save money, check out this page that discusses the zero down payment program.
Otherwise, you may want to look at programs that have low down payment requirements.
So have you found a home? Are you thinking about getting qualified for a mortgage? Maybe you want to visit our page on how to qualify for a mortgage.
Would you like to know what type of loans are available? Visit our Home Mortgage Information page for tons of information on all kinds of loans. Learn about FHA, VA, and various other types of options.
Would you like some help? Perhaps a personal coach to guide you through the process is what you're looking for. For free coaching, fill out the questionnaire here. Then you will be contacted and offered the assistance you seek.
Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.
This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.
Please tell others about this FREE information. Everybody else on the web charges for this kind of stuff!!
Happy House Hunting!!
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