Down Payment Assistance

Filed Under Uncategorized · Tagged: , , , , ,  

Some of you may know that the Portland Development Commission (PDC) offers down payment assistance for purchases in their designated Urban Renewal Areas.  If you have been looking to buy a home in the Lents or Interstate Corridor areas, their budget had run dry; but never fear, come June 15th more funds will be available.  These funds can be accessed by qualifying under their income guidelines as a low interest loan along with your primary loan.  This is an excellent way to get into a home without paying private mortgage interest, and giving you extra cash to put into your new investment. 

Click on the links for more info:

Loan Program:

http://www.pdc.us/housing_services/programs/financial/down_payment_assistance_loan.asp

Urban Renewal Area Maps:

http://www.pdc.us/housing_services/resources/publications/inv_detail.asp?id=796&ty=48

Contact us if you want more information about how you can buy a home with no down payment.

May 29, 2009 by ROBERTSV ·