Medford, OR

The long awaited day arrived Friday September 4, 2009 – the day Neighborhood Stabilization Program funds were released for eligible home buyers purchasing foreclosure homes. “Cancel going away plans for Labor Day Weekend, and rush right down to sign the application forms for the up to $50,000 in Neighborhood Stabilization Program funds” is what was told to the eligible home buyers I am working with who have all taken the steps to have their underlying financing approved, found an eligible foreclosure home, and had their offers accepted. And it paid off! Together, these buyers and I dropped what we were doing and made getting their applications in a priority working late Friday/Saturday so these diligent buyers beat the pack, and funds are reserved! The State of Oregon’s program is still reflecting “program pending”…but, not for long!

Want to find out how you can buy a home in Oregon using Neighborhood Stabilization Program Funds? Contact me...but don't wait long!

See you at the closing table!

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

Would you like to find out how you may use the City of Medford Oregon’s first time home buyer program? Are you a first time home buyer who earns less than 80% of the area median household income? Have you decided the time has come for you to purchase your own home instead of renting someone else’s? Have you been able to set aside $1,000 to do this with? Are you looking to buy in Medford? If your answer is “yes” to these questions, it’s pretty likely you are eligible for the City of Medford Oregon’s First Time Buyer Down Payment Assistance Program.

The City of Medford First Time Home Buyer Program is a “silent second” mortgage, meaning it has zero interest and no monthly payments, just sitting there until you sell, refinance or move out of this home. This helps eligible first time home buyers with matching down payment funds and closing costs up to a total of $15,000. This program would be used in conjunction with your primary mortgage, and requires the following:

You are eligible for this program if:

• You are a first time homebuyer or you have not owned a home in the past three years.
• You are pre-approved for a loan by an approved lender.
• You have enrolled in the ABC's of Homebuying Class, given by ACCESS, Inc.
• Your household income does not exceed the median income for Medford. For example, the median income for a family of four is $44,300.

To qualify, the home to be purchased must:

• Be located within the Medford City limits.
• Be your primary residence.
• Have a full home inspection conducted, including a lead based paint inspection.

The FHA Loan is a great first time home buyer program that can be used for the primary mortgage. Oregon Bond, when funding is available, is another great program that may be used with the City of Medford First Time Buyer Program.

The entry level price ranges (under $200,000) in the Rogue Valley real estate market have been very active, with buyers taking advantage of the many great programs available to them. Do you want to find out what you might be qualified for? Call or e-mail me for a free, no pressure consultation and see what tools you might be able to use for your home purchase. I’m familiar with the City of Medford First Time Buyer Program, as well as many others.

See you at the closing table!

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

The Series:

How To Buy A Home in the Rogue Valley, Oregon | Using Neighborhood Stabilization Program Funds

How To Buy A Home in the Rogue Valley, Oregon | Using USDA Guaranteed Rural Housing Loan No Money Down Program

How to Buy A Home In The Rogue Valley, Oregon | If You Are A Self-Employed Borrower

How To Buy a Home In The Rogue Valley, Oregon | Using The FHA Home Loan

Do you need a good reason to take the step to get preapproved for your financing in order to purchase a home? How about 24 good reasons? How about finding out if you are eligible to receive $50,000 in Neighborhood Stabilization Program funding to help you buy a home?

These homes are Fannie Mae and Freddie Mac foreclosure homes in Medford, Oregon that are reflected as actively on the market (versus under contract) as per their websites. This list may not necessarily be up to date, since the homes in Medford that are priced under $200,000 are selling quickly right now. By choosing the right real estate broker to represent you, you will have a broker who will be able to get you up to date status and if they have familiarized themselves with the workings of the Neighborhood Stabilization Program, they'll be able to tell you which of these 24 bank owned foreclosure homes in Medford are eligible for up to $50,000 in down payment match/closing costs/repair funds/mortgage reduction. If you need a recommendation for one of the very few Southern Oregon brokers I know of who have made the effort to figure this program out, please call or e-mail me.

Here are 24 reasons:

173 Evenbrook Dr Medford, OR 97504

Single-Family

Just Listed

3 br

3 ba

$399,900

4740 Cloudcrest Dr Medford, OR 97504

Single-Family

Active

3 br

2 ba

$255,000

1673 Edgevale Ave Medford, OR 97504

Single-Family

Just Listed

4 br

2 ba

$255,000

3710 Mallard Ln Medford, OR 97504

Single-Family

Active

3 br

2 ba

$234,000

3267 Ford Dr Medford, OR 97504

Single-Family

Just Listed

3 br

2 ba

$219,900

1991 Willowbrook Dr Medford, OR 97501

Single-Family

Just Listed

4 br

3 ba

$209,900

1428 E Main St Medford, OR 97504

Single-Family

Active

2 br

1 ba

$184,900

1711 Farr St Medford, OR 97501

Single-Family

Active

3 br

2 ba

$160,000

1019 Mt Pitt St Medford, OR 97501

Single-Family

Active

3 br

2 ba

$154,900

2961 N Foothill Rd Medford, OR 97504

Single-Family

Price Reduced

3 br

2 ba

$154,000

1415 Thomas Rd Medford, OR 97501

Single-Family

Active

3 br

2 ba

$124,900

602 W Stewart Ave Medford, OR 97501

Single-Family

Active

2 br

1 ba

$83,000

510 NEWTOWN ST MEDFORD, OR

$89,900

8

3

1.00

1010 SUNSET AVE MEDFORD, OR

$94,500

8

4

1.50

3145 ALAMEDA ST 15 MEDFORD, OR

$119,500

7

2

2.00

3145 ALAMEDA ST 19 MEDFORD, OR

$121,500

5

2

2.00

3145 ALAMEDA ST 16 MEDFORD, OR

$124,000

4

2

2.00

643 PALM ST MEDFORD, OR

$127,500

7

3

2.00

1699 GRAND AVE MEDFORD, OR

$176,250

11

3

2.00

118 GENEVA STREET MEDFORD, OR

$187,500

12

4

2.00

489 FORELLE AVE MEDFORD, OR

$219,500

9

3

2.00

2160 CRESTBROOK 2 MEDFORD, OR

$220,500

7

3

2.00

1475 RAMADA AVE MEDFORD, OR

$229,900

11

3

2.00

932 BLACK OAK DR MEDFORD, OR

$243,600

11

3

3.00

The Neighborhood Stabilization Program funding is going to be released soon. Funding is limited, and I expect it will run out quickly. If you think $50,000 would make a difference in your home purchase, call or e-mail me today!

See you at the closing table!

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

Medford, OR - $8,000 Tax Credit - Senate Majority leader Henry Reed spoke to reporters today in Nevada about Congress extending the $8,000 tax credit for first time homebuyers. If this happens it will be good for the economy since first time home buyers are potentially a large source of business for our industry. To find out how to take advantage of the $8,000 credit contact barbarabrown@windermere.com.

Have You Been To The Wharf In Medford Oregon? No, not the wharf as in at the ocean shore. "The Wharf Fresh Seafood Market and Eatery", that wonderfully unpretentious seafood restaurant/market in West Medford?

We braved the "Fish Friday" crowd this warm Summer evening, and finally got over to The Wharf, a "hole in the wall" seafood restaurant that has been highly recommended to us by family and friends. Although my husband has a voracious seafood appetite, our youngest and I are tried and true steak and potato folk. But, I do enjoy trying different foods - even if our youngest would be content eating the same handful of favorites day after day!

The Wharf in West Medford has the perfect menu for a family like ours. For obvious reasons, the menu has a great variety of fish and seafood selections which will keep my husband dying to go back again and again to try all his favorites. We won't mind a bit, because there are plenty of alternate choices for our youngest.

With 50+ items on the menu, I knew exactly what I wanted to try today - which was the Grilled Crab and Shrimp Sandwich - but there were some close seconds I'll be headed back to try, like Lobster & Chips. At the speed Roy devoured his meal tonight, I know he must have really enjoyed it - whatever it was!

Affordable prices, casual atmosphere, good friendly service and good fresh food...what are you waiting for?

Dine in, through the Dinner Roll delivery service or special order catering/parties, The Wharf is a great choice.

The Wharf Fresh Seafood Market & Eatery
827 W Jackson Street
Medford OR 97501
(541)858-0200
(Near the corner of W. Jackson and McAndrews)

See you out there!

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