About Yamhill County, OR

Newberg Oregon 1st Time Home Buyer Financing

Newberg is a wonderful place to live. In close proximity to Portland, the mountains, the coast , wine country, among others.

Newberg is also very attractive for 1st Time Home Buyers.

While one of Yamhill county's largest towns, Newberg is still small enough to qualify for financing under the USDA Guaranteed Rural Home Loan program. This great program provides for 100% financing based on the appraised price, not the purchase price. This means that if a property appraises for more then the purchase price, the difference can be used to help offset closing costs. Sellers can also contribute up to 6% of the sales price to help cover closing costs. This allows many 1st Time home buyers to get into a home with little or no money down.

There are income qualifiers though.

• Your mortgage payment (Principle, Interest, Taxes and Insurance) generally needs to be 29% or lower, and your total debt to income should be below 45%.
• You also can't make too much money. This amount varies by county and the number of people in your household. It also includes income from all members of your household whether or not they will be on the mortgage or Title. It's best to call and talk with me to see if you make too much money.

The FHA also has several programs that are perfect for Newberg Oregon 1st Time Home Buyers.

FHA programs are generally more flexible for home buyers with higher debt to income ratios and income. It does require 3.5% down payment, but this can be gifted from a family member. Non-occupant co-borrowers can also co-sign for the loan. This can be used for income qualification purposes.

The FHA has a wonderful program to help that project house become a home that you would want to live in. The FHA 203k loan allows you to purchase a home and finance the costs of the repairs. You close at escrow, the seller gets their money and then the remodel work starts. You generally have up to 6 months to complete the work.

There are 2 programs within the 203K loan program.

• Streamline - up to $35,000 of repairs, generally cosmetic or fairly straightforward work. This loan is perfect for the foreclosed home that was stripped or trashed.
• Regular - This is a full blown construction loan and can be used for major remodels as well as the cosmetic items.

These 3 loan programs help make Newberg an ideal place for a 1st time home buyer to purchase a home.

I work with some of the best Realtor's.

Click here to search for Newberg homes.

Let me help you get pre-approved for your new home.

TUNES ON TUESDAYS AT THE ROTARY CENTENNIAL PARK ON JULY 28, 2009

Visiting Angesl Living assistance

Presents:

The Carrol Raaum Orchestra (Big Band Sounds)

This free summer outdoor concert series is from 6 to 8:30pm at the Rotary Centennial Park, Corner of School & Sherman St. in Newberg. Bring blankets and low profile lawn chairs. Food and beverage vendors will be available at every concert or you can bring your own picnic. OLCC prohibits bringing in outside alcohol. Wine will be available for purchase from licensed vendors.

Sandy Mitchell Broker/Buyer's Agent 503-502-6408 or sandy@thekellygroup.net

The Newberg Chamber of Commerce announces the Tunes on Tuesday Summer Concert Series. Kicking off the free concert series presented by Chehalem Park and Recreation District, will be the Becky Pershing Band (Classic Rock). Be sure to bring blankets and chairs. 6:00 to 8:30pm, located at Rotary Centennial Park on the corner of Sherman and School Streets.

The concert series includes some of the groups that have performed in the past including the Ben Rice Band, Lori Willcuts Band and Five Guys Named Moe but this year there will also be some newcomers included like The Becky Pershing Band and the Carroll Raaum Swing Orchestra which was canceled last year due to weather.

It's all free folks so come on down and enjoy the music! For more information, contact the Chamber at 503-538-2014 or check out their website at http://www.chehalemvalley.org

Sandy Mitchell 503-502-6408 or sandy@thekellygroup.net

It's time once again to report the Real Estate Sales for Yamhill County. The following are solds for the month of June, 2009.

Newberg: 34 total sales

$125,000 to $200,000 13 Sales

$201,000 to $300,000 15 Sales

$301,000 to $400,000 3 Sales

$401,000 to $470,000 3 Sales

McMinnville: 28 sales

$100,000 to $200,000 16 Sales

$201,000 to $300,000 9 Sales

$301,000 to $400,000 2 Sales

$530,000 1 Sale

Dundee: 5 Sales

$100,000 to $335,000 5 Sales

Carlton: 2 Sales

$170,000 to $200,000 2 Sales

Yamhill: 4 Sales

$100,000 to $299,000 4 Sales

Lafayette: 4 Sales

$168,000 to $250,000 4 Sales

Amity: 1 Sale

$245,000 1 Sale

Dayton: 4 Sales

$65,000 to $475,000 1 Sale

Once again, most of the activity is in the under $300,000 range but we are seeing a slight increase in sales above that range.

Sandy Mitchell

The Kelly Group, Keller Williams, Portland Premier

503-502-6408 or sandy@thekellygroup.net

The Underground Cafe and Coffeehouse will be providing live music through the fall. Martin & Janet Bleck are the proud new owners and they have made the Underground into a fantastic place to visit in Newberg. Martin is a great chef and together with Janet, they have completely transformed the menu as well as the interior of the cafe, the food is fabulous, the atmosphere is great. Read all about the details below, click on their website and learn more about this exciting new place in Newberg!

Welcome to the introduction of our "Live Music in the Loft" program at the Underground Cafe & Coffeehouse!

Premiere Engagement: Flatback, This Friday, June 26, 8:00 to 11:00 p.m.! Flatback is a band in the Salem, Oregon area dedicated to treating you to the best funk-based rock music in the Northwest. Flatback is a high energy, explosive band along the lines of Government Mule, Moe, and ZZ Top. Members include Kelley Flicker - lead guitar and vocals, Evan Johnson - drums and percussion, Trevor Wells - bass and vocals

Future Music Gigs in the Loft! July 3 Flight July 10 Kelsey Gray, a favorite local artist. Folk/Country/Indie acoustic guitar playing covers and originals July 17 Mik Gobel and Justin Sane, premiere engagement! Originals, indie rock, folk rock, 6 and 12 string guitars and bass and vocal harmonies. Visit myspace.com/mikgobel July 24 The Oregon Valley Boys - premiere engagement! The Willamette Valley Kings of Western Swing, dance hall music, 6 piece band with Vicki Bakanoff on vocals. Visit www.oregonvalleyboys.com July 31 Ron Hughes - premiere engagement! Unique acoustic baritone guitar and vocals - tunes you know! August 7 J.T. Meier - premiere engagement! Acoustic guitar and vocal, folk/pop, wide repertoire of music from James Taylor, The Rolling Stones, Randy Travis, Tom Petty, and more! August 21 Jack Martin - premiere engagement! This Salem folk/pop solo artist provides a big, diverse show that is very entertaining! Visit myspace.com/jackmartin September 4 Ron Hughes - return engagement! September 11 J.T. Meier - return engagement! October 2 Lisa Mann - premiere engagement! You might know Lisa Mann as a hard-rockin' blues diva, but she shows her softer side in this unplugged acoustic show featuring original songs and class covers from artists such as Bonnie Raitt, Sheryl Crow, and Melissa Etheridge. Visit www.lisamannmusic.com

Special Offer! We are busy launching our new "Small Plate Menu," designed for those interested in something a little different than our gourmet sandwiches. They are good as a quick bite with a glass of wine or beer after work, or put several together for a satisfying meal. Visit us this Friday and mention coupon code "small plate and music" and receive "buy one get one 50% off!" Visit our website

Thank you for joining the Underground Cafe & Coffeehouse Family! We will continue to provide you valuable savings opportunities as well as weekly community announcements.

Hope to see you Friday!
Janet and Martin Bleck and the A-Team at
Underground Cafe & Coffeehouse
"Making It So Much More Than Just About The Coffee!"