Found 2 blog entries tagged as Down Payment Assistance.

Affording Your Oregon Coast Home Low and No Down Payment Paths to Homeownership

Many potential homebuyers believe they need to save 20% before they can buy. That assumption keeps countless families from exploring homeownership. In desirable coastal communities where median prices keep rising, it matters. The reality is that multiple pathways exist to help you purchase a home with little or no money down. Several of those programs specifically serve Lincoln County residents. A qualified mortgage broker can help you determine which options fit your situation.

These programs have specific eligibility requirements, income limits, and application processes that change over time. The information below is meant to show you what may be possible. A licensed…

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What Goes Into Your Monthly House Payment

Buying a home along the central Oregon coast involves more than just paying back the money you borrow. Your monthly mortgage payment includes several components that work together to protect both you and your lender. For Lincoln County homebuyers, these elements carry unique considerations tied to our coastal environment. Here is everything you need to know about what makes up your housing costs in this beautiful part of the Pacific Northwest.

Financial professionals often use the term PITI to describe the four main pieces of a mortgage payment: Principal, Interest, Taxes, and Insurance. Some buyers also need to factor in PMI, or Private Mortgage Insurance. Each element serves a specific purpose in your…

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