Saturday, November 23, 2013

Do You Qualify For A Down Payment Grant Of Up To $15,000?

Wells Fargo Arrived Tuesday With Over $5 Million For Home Buyers

Portland is the 22nd US market to benefit from the NeighborhoodLIFT Program provided by the Wells Fargo Housing Foundation and the nonprofit group  NeighborWorks America.   


The details are outlined below along with links for more information:
WHO: First Time Home Buyers With $500 For A Down Payment  
WHEN: Dec. 13 and 14, 2013
TIME: 10:00 am - 7:00 pm
WHERE: Oregon Convention Center
                777 NE Martin Luther King Jr. Blvd, Portland  
Pre-Register:  Call: 866-858-2151
                         Online: NeighborhoodLIFT.com 
WHAT:  Grants to help potential home-buyers struggling to save enough money for the down payment by offering a $15,000 grant per eligible applicant for a down-payment.

THE GOOD NEWS: 

  • Assistance is not limited to first-time buyers.
  • Selected eligible homebuyers will receive $15,000 in down payment assistance on qualified properties.
  • Annual income of all residents 18 and older must be at or below 120% of the Portland Area Median Income guidelines. For a family of four, that's $83,300; three, $75,000; for a couple, $66,650; and for a single person, $58,350.
  • Townhouses and condominium qualify as dob single-family homes.
  • Provides homebuyer education for managing the financial responsibilities of homeownership.
  • Only 227 applications will be chosen from the Oregon Pool of applicants.
 THE BAD NEWS:
  • Applicant must either be pre-approved for a mortgage from an approved lender or seek pre-approval from Wells Fargo at the two-day event.
THE REALLY BAD NEWS:
  • Sheila cannot help you with her loan. They are only available through the NeighborhoodLift Preferred Partners.
THE SMALL STUFF:
To avoid having to pay back the grant homebuyers have to live in the home for five years.
Approved applicants must participate in a mandatory eight-hour homebuyers course.


If you are not selected for this program Sheila is an expert at finding home loans at great interest rates and getting you approved quickly.




NOW WHAT?
Get More Info call Sheila

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