Before I break in the bad news, know that there is a fantastic 100% financing program still available if you are interested in living in the rural area. Homes in SANDY, Oregon QUALIFY!  It’s called the “USDA Rural Housing Program”.  Now to the unfortunate news. (more…)

Not long ago first time home buyers had the opportunity to purchase a home with zero down (no down payment). Setting aside whether this has contributed to our current mortgage melt-down, there were many buyers who benefited from such loans and would never have been able to purchase a home without them.

Now that such loans no longer exist (due to the inability to obtain mortgage insurance on such loans) the only options today are the “Seller Down Payment Assistance Programs”. The two prominent ones being the Nehemiah and the Ameridream.

(more…)