NEW YEARS INCENTIVE FOR FIRST TIME HOME BUYERS!!!

Good news for first time home buyers. Oregon Bond has been able to approve funds to bring back its offering for 1st time home buyers. there are two options that buyers can take advantage of. The first one is Rate Advantage Home Loan: A qualified borrower will get the lowest fixed rate possible to maximize their home purchasing power. Rates, on this option are 3.875%. the second option is the Cash Advantage Home Loan: A borrower will get a low, fixed interest rate of their home loan along with cash assistance equal to 3% of their loan amount. The cash assistance will help to reduce the total cash they need to close the loan. Rates, on this option, are 4.25%. The buyer must meet certain qualifications, which are as follows: Buyer must be a 1st time home buyer, be an Oregonian, live in the residence, may not have been discharged from a bankruptcy within the past two years, prior to closing the loan. There are also income limits, as well as purchase price limits. There are eligible property restrictions. There may also be a recapture fee, if the buyer sell the house before a certain required time frame. This is just a jist of what the program restrictions are. Please come by Arbor Pass, and meet with either Krisiti, the managing agent at our site, or our preferred lender Wells Fargo, to get specific information regarding this exciting new First Time Home Buyers incentive. Great time to buy an Arbor Home....