Did You Know….
This Veterans day at HOWNW.com™ we celebrate and honor America’s veterans for their patriotism, love of country and willingness to serve and sacrifice for the common good. To those in uniform serving today and to those who have served in the past, we honor you today and every day. Our goal at the Portland Metropolitan […]
Did You Know…
Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity and well-being of our county. Although Labor Day is celebrated only once a […]
Did You Know…
The month of June is designated by Presidential proclamation as National Homeownership Month. Although this distinction is celebrated in June of each year, the Homeownership Opportunities Website North-West (www.HOWNW.com) is committed every day of the year to helping first-time and low and moderate income homebuyers have the opportunity to review governmentally backed programs that could […]
Freddie Mac announced new flexibilities added to Home Possible mortgages to responsibly meet the needs of clients and their borrowers today and in the future. Additionally, they announced the consolidation of the Home Possible and Home Possible Advantage® mortgages into a single Home Possible offering, combining the features of each individual product into one offering.
New Homebuyer Program Added
Freddie Mac’s new loan program, HomeOne, offers a low 3% down payment option that serves the needs of first-time homebuyers, along with no cash-out refinance borrowers. The program has no borrower geographic or income limits and includes cancellable mortgage insurance after certain requirements are met. For more information click here.
Both the maximum sales price and income limits have increased for the Portland Mortgage Credit Certificate. The maximum sales price is now $454,177. The annual borrower and co-borrower income limits are now $81,400 for one to two people and $93,610 for three or more people. Additionally, the maximum sales price for Gresham’s WELCOME HOME program […]
The maximum purchase price for the Clackamas Homebuyer Assistance Program has increased to $335,000. For more information visit: Clackamas Homebuyer Assistance Program
In December 2017 the USDA Rural Development conducted a review of all areas under its jurisdiction to identify areas that no longer qualify as rural for the Single-Family Housing Programs. In our area the city of Bethany and parts of Wilsonville are no longer eligible for USDA Housing Programs. For more information on property eligibility […]