Great news for the Salem/Keizer Oregon real estate market. The City of Salem will once again re-open their program for downpayment assistance for first time homebuyers that are buying in the Salem/Keizer area. New funds will become available the first of July. This is a great program for buyers who can afford to make a monthly mortgage payment, but do not have the available funds for the 3.5% downpayment that FHA now requires. There are certain requirements that buyers must meet to obtain the downpayment assistance.
The first step to starting this process is to find a mortgage broker/lender that has your best interests at heart. You will need a trusted advisor skilled in working with the City of Salem program. I work with several trusted professionals that would be happy to assist you in your quest to buy a home using this downpayment assistance. I would be happy to refer you to my trusted partners. You can call me direct at 503-931-1846, or email me at MelWagnerBroker@msn.com for the names and numbers of these professionals.