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News

The latest news for HOWNW.com™

Program Updates

The Homeownership Opportunities North West staff has been advised of the following changes to loan programs: The Homebuyer Opportunity Limited Tax Exemption has increased the maximum sales price to $375,000. The Portland Housing Bureau’s Mortgage Credit Certificate was temporarily on hold due to changes with the Tax Reform, but the program has been restored with no […]

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Did you know…

According to the most recent NeighborWorks National Housing Survey, 74% of adults say they believe that the homebuying process is complicated- a number that has risen in the past few years. Luckily, Homebuyer education courses provide valuable information to clear up confusion for anyone preparing to buy a home. Among the topics covered are budgeting, […]

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Program Update

USDA Rural Development is conducting a review of all areas under its jurisdiction to identify areas that no longer qualify as rural for the Single-Family Housing Programs. The public shall have 90 days from December 1, 2017, to provide comments regarding the potential loss of eligibility for Rural Development Single Family Housing Programs. In our […]

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Did you know…

In 2016 Bank of America’s inaugural Homebuyers Insights Report found that 75% of first-time buyers plan to bypass the traditional starter-home and instead put their funds toward a forever-home. The US Census Bureau confirms this trend reporting that Americans are moving at historically low rates compared with the mid 1980’s. As homebuyers become more comfortable […]

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Critical Program Update

Staff has been advised of the following regarding the Portland Housing Bureau’s Mortgage Credit Certificate: Currently, Congress is considering tax reform legislation that will eliminate the Mortgage Credit Certificate (MCC) program for MCC certificates with issue dates after December 31, 2017. In order to review and issue MCC certificates by this deadline, the Portland Housing […]

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Did you know…

In 1866, Oliver Perry Lent and his wife Martha moved to a farm of 190 acres which is the current site of the community of Lents, Oregon. As Portland grew and absorbed other smaller towns, Lents was annexed into the City in 1912. What is now Lents Town Center is located in the original downtown […]

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Veteran’s Day

    As we approach Veteran’s Day on November 11th the Homeownership Opportunities Website Northwest (HOWNW.com) would like to take a moment to honor our service members- the ordinary men and women who have done the extraordinary so that we may all enjoy the freedoms we have today. To all of those who have served, in […]

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Did you know…

The Oregon department of Veteran’s Affairs has lent approximately $8 billion in low-interest home loans to more than 334,000 veterans since 1945. Oregon is one of only five states that offers a veteran home loan program. This Oregon benefit is separate and distinct from the federal VA Home Loan Guaranty. You can find more information about this […]

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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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