Page 8 -T h e Portland Observer - May 8,1991
NEW HOMES
in NE Portland
1
priced from under $60,000
Come and talk with the builder. Let's
discuss floor plans & other options.
FOR PEOPLE WHO
THINK THEY GANT
GET ONE
J.A M. Development
Don Jones, owner
B B *53292
"You'll Love our quality and service"
Don Jones
Portland
220-1623
Salem
581-2552
N o t everyone has the m oney it takes to take o u t
a h o m e loan from a bank.
B u t right now, a lot o f
people in Portland w h o think
they can’t qualify for a h o m e
loan, can. W ith a H o m e-
ADDRESS 5212 NE 23rd
LOT SIZE 50x100
LIVING AREA 1200sq. ft.
Basement 35% partial
STYLE old Portland 2 level
Partners loan from U.S. Bank.
BEDROOMS 4
DINING ROOM possible formal
BATHROOM 1
FIREPLACE/WOODSTOVE none
It gives you th e m oney you
need to buy a house w ith o u t
costing an arm and a leg.
O r even a foot. H ere’s how
TERMS Seller Assisted Financing
W ith a H om ePartners
loan, the a m o u n t o f m oney
ST
is o n e third less than even the
usual federally insured h o m e
21
loan requires. A n d m ost clos­
PEN IN SU LA REALTY INC.
ing costs, for things like title
8040 North Lombard
Portland Oregon 97203
Business (503) 286-5826
Fax (503) 286-8675
insurance and o th er fees, d o n ’t
Rose Marie Davis
A HOMEPARTNERS
HOME LOAN
5%
2%
HOW DO YOU GET YOUR DOWN PAYMENT?
M ust be from your
Can be a gift from
ow n savings
a relative
NECESSARY REPAIRS
Must be done before
All repairs (except those required
for health or safety reasons) can
loan isgiven
be d one after loan is given
ADDITIONAL CLOSING COSTS
All costs m ust be paid up front
M ost costs can be financed
( l o r down payment, up front closing costs,
estimated taxes and insurance)
S3,652
$2,160
have to be paid u p fro n t—
DO YOl QUALIFY?
and a g o o d history o f pay­
ing your bills m ight b e all
you need.
Now, w e aren’t exactly
giving away th ese loans to
everyone w h o walks in the
door. But, w e guarantee th at
a lo t o f p eople w h o th o u g h t
th ey ’d never b e able to g et
a h o m e loan will get one.
So, before you give u p
o n th e idea o f o w n in g your
V OE MONTHLY INCOME ALLOWED EOR HOUSE PAYMENT
28%
h o m e loan cost less, it’s easier
to qualify for. A steady incom e
DOWN PAYMENT
you need for a d o w n paym ent
OrriuQí
V
TOTAL CASH REQUIRED AT CLOSING EOR
A HOUSE WITH A SALES PRICE OF 130,000
it works.
FEATURES/COMMENTS Great investment potential for 1st ti
me home owner or investor. Security lighting with bars on windows and
doors. Easy access to freeways and downtown Portland. Seller ready
to negotiate.]
A CONVENTIONAL
HOME LOAN
they can be bo rro w ed w ith the rest o f th e money.
N o t only d o es this
U p to 33%
( REDIT HISTORY
Previous loan experience
W ith o u t p n o r loan
on cars, credit cards, etc.
experience, landlord
references o r a g o o d record of
paying utility bills can be used
to establish credit history
ow n hom e, take a lo o k at
w hat U S . B ank’s H o m e
Partners liban has to offer.
It could save you from
a lifetime o f rent.
S a le s A s s o c ia te
I lie I S Bank HomePartners Program can help you purchase a house in
Portland tor up to $49,(XK) You are eligible to apply if your annu.il household
income does not e xc eed the following income guidelines: 1 Person-$24,000.
2 People— S28.5OO. 5 or more p e o p le -$31,700. HomePartners is offered
Each Office is Independently Owned and Operated
mr
through I S Bancorp Mortgage Company
H a b ita t for H u m a n ity
In te rn a tio n a l
u . s .I b a n k
Ed Warmoth
Public Relations Consultant
© 1991 United States National Bank o f t fregón
I
—
J
1
9219 Southwest Line Drive
Cornelius, OR 97113
(503) 628-3227
Notice of Neighborhood Meetings Schedule
D ad ’ s O il S ervice
heating oils
Speedy
Service
Friendly
Call for Quote!
Best Cash Prices
104 NE Russel St.
Portland, Or 97212
(503) 282 5111
8 - King Neighborhood Association
Meeting 7:00pm King Facility
4815 NE 7th
13 - Humbolt Neighborhood Associa­
tion Board 7:30 pm Humbolt School
4906 N Gantenbein
8 - Beaumont-Wilshire Neighborhood
Assoc. Board 7:30pm Beaumont
School 4043 NE Fremont
13 - Eliot Neighborhood Association
Board Meeting 7:00pm Grace
Collins Daycare Center 128 NE
Russell
B
l O
S
15 - Woodlawn Neighborhood Asso­
ciation Meeting 7:00pm Odd Fel
lows Lodge 700 NE Dekum
21 - Northeast Coalition Monthly Board
Meeting 7:00 pm King Facility
4815 NE 7th
21 - Grant Park Neighborhood Asso­
ciation Meeting 7:30pm Fern wood
Middle School NE 33rd & Han­
cock
^2 - Rose City Park Neighborhood
Association General 7:30pm Rose
City Park School 2334 NE 57th
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i
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