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The latest news for HOWNW.com™

Program Update: Portland Housing Bureau Home Repair Loan

Staff has been advised of the following changes to homebuying programs listed on HOWNW.com™: • The maximum annual household income allowed for the Portland Housing Bureau Home Repair Loan has increased from 80% of Portland’s Area Median Income (AMI 2017) to 120%.  See details HERE.

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Did You Know…

The maximum loan limit for VA loans has increased? The standard maximum VA loan guarantee is now set at $424,100, and may be higher in more expensive counties. For an updated chart of loan limits, click HERE.

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Did You Know…

HOWNW.com™ offers information on shopping interest rates?  You can read about “locking” a current interest rate and what “points” are, then you’ll feel better informed before discussing interest rates with your lender.  Find more information HERE.

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Did You Know…

90 percent of Oregonians surveyed said they feel it’s important to have services allowing them to age in place? Find valuable information on everything from understanding self-neglect by older adults to various home-repairing and home-updating resources on HOWNW.com™ HERE.

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Program Update: Discontinued Program

Staff has been advised of the following change to a homebuying program listed on HOWNW.com™: • The Oregon Veterans 97% LTV/CLTV Home Loan Program has been eliminated. Find other homebuying programs on HOWNW.com™ HERE.

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Memorial Day 2017

This Memorial Day the Homeownership Opportunities Website Northwest (www.HOWNW.com) honors all the men and woman who lost their lives while serving our great country.

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Did You Know…

You may want to get pre-approved for a loan before you begin house shopping? It can be helpful to speak with a lender and obtain an unofficial estimate of what you can afford. Find out more about the pre-approval process on HOWNW.com™ HERE, and happy house hunting!

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Did You Know…

HOWNW.com™ offers a wealth of information on shopping for a home?  What features should you consider important to you?  How should you keep track of the homes you visit?  Find more HERE.

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Program Updates: USDA Section 502 Direct Loans and WELCOME HOME Gresham

Staff has been advised of the following changes to homebuying programs listed on HOWNW.com™: • The loan limits for the USDA Section 502 Direct Loans increased to $326,600 for Multnomah, Washington, and Clackamas counties.  See details HERE. • The WELCOME HOME Gresham program, which was previously suspended due to lack of funding, has been reinstated.  […]

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Take Action! Tell Your Legislator to Support the Oregon First-Time Homebuyers Savings Program

Solving the Down Payment Problem Oregon is facing an affordable housing crisis. The housing market is suffering because homes are so expensive and it takes too long for young people and renters to save enough money for a down payment on a home. High rents, student loan payments and wages that don’t keep up with […]

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