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About Siletz news / (Siletz, OR) 199?-current | View Entire Issue (June 1, 2012)
Personal Finance and Real Estate Yvonne Messmer, Housing Finance Manager • 503-390-9494 or toll-free 888-870-9051 If homebuying is a goal for you but you aren’t ready yet: If you are ready to buy a home: Siletz Saves! IDA Program Down Payment Assistance Program If you aren’t ready to buy yet and at least one of these situations sounds like you, Siletz Saves! might be perfect for you: • • • • I have some credit issues to clean up. I don’t have enough income to make a mortgage payment. I don’t understand how everything works. I’m still in school but nearly finished. The IDA Program is a matched savings program. It helps low-income Tribal members understand their credit, correct credit issues and save toward the purchase of a first home. Participants make regular deposits into an individual development account or IDA. The amount saved is then matched $3 for every $1 saved - a 300 percent return! Participants must save for at least six months up to three years and attend financial fitness classes. You can find out by asking yourself some questions: • • • • • • • Do I have a steady source of income (usually a job)? Have I been employed on a regular basis for the last 2-3 years? Is my current income reliable? Do I have a good record of paying my bills? Do I have few or no outstanding debts (like car payments)? Dol have some money saved? Do I have the ability to pay a mortgage every month, plus additional costs? If you answered yes to these questions, then you might be ready. Give me a call to find out about the Down Payment Assistance Program. It helps with closing costs and a down payment when purchasing your first home. Schuster is the latest sea otter to join the Oregon Coast Aquarium. He is named after the pilot who donated gas and airtime to bring him here from the Monterey Bay Aquarium after Schuster was left stranded following a shark attack. Sabrina Johnson helps her children, Joshua and Ava, plant seeds during Tribally sponsored Earth Day activities in April at the Tribal gymnasium. Kids also made necklaces, bracelets and photo frames with earth-friendly messages. 18 • Siletz News • June 2012
