New Income Limits for Oregon Bond Loan Effective March 14, 2008

There are new income limits going in to place on the Oregon Bond Loan that become effective this Friday, March 14, 2008. For the Jackson County area here in Southern Oregon, there is no change for non-targeted areas, but the income limit will INCREASE for targeted areas. The City of Ashland is a targeted area, so this increase will help first time home buyers who are looking to purchase a home in the City of Ashland.

First Time home buyers purchasing in Ashland, Oregon will now need to earn less than $70,440 per year for a 1-2 person family, or less than $82,180 per year for a 3 or more person family.

See you at the Closing Table!

Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com