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P®g« 6—The Portland Observer- July 17, 1991
NHOME
A
CONVENTIONAL
1IOME LOAN
DOWN PAYMENT
NECESSARYREPAIRS
Must be done before
lojn is given
All repairs (except those
required for health or safety
reasons) can be done after
ADDITIONAL CLOSING COSTS
All costs must be
Most costs can be'
paid up front
financed
TOTAL CASH REQUIRED AT CLOSING FOR
A |I OUSE WITH A SALES PRICE O F $30,000
(For down payment, up front closing costs,
estimated taxes and insurance)
S3,652
$2,160
DO YOU QUALIFY?
% OF MONTHLY INCOME ALLOWED
FOR HOUSE PAYMENT
28%
Up to 33%
THINK THEY CAN’T
CREDIT HISTORY
Previous loan
Without prior loan experience,
experience on cars,
landlord references or a
credit cards, etc.
good record of paying utility
bills can be used to establish
credit history.
G ET O N E.
m oney you need to bu y a house w ith o u t costing an
arm and a leg. O r even a foot. H e re s h o w it w orks.
111th a HomePartners loan, the am o u n t o f m o ney
you need for a d o w n paym ent is one th ird less than
2%
HOW DO YOU GET YOUR DOWN PAYMENT?
Must be from your
Can be a gift from
own savings
a relative
PEOPLE W H O
a hom e loan from a bank.
But right now, a lot o f people in P o rtla n d w h o
think they can’t qualify for a hom e loan, can. W ith a
H om eP artners loan from U .S. Bank. It gives y ou the
HOME LOAN
5%
LOA N'~
N o t everyone this the money it takes to take o u t
A
VS HOMEPARTNERS
even the usual federally insured hom e loan requires.
A nd most closing costs, for things like title insurance
and oth er fees, d o n 't have to be paid up fro n t — they
The U.S. Bank HomePartners Program can help you purchase a house
in Portland tor up to S49.OOO. You are eligible to apply it your annual
household income does not exceed the following income guidelines:
1 person - $24,000,2 people - $28,500, 3 or more people - $31,700.
1 lomePartners is offered through U.S. Bancorp Mortgage Company.
■
----------------------------- -----
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th at a lo t o f people w h o th o u g h t th e y ’d never be
able to get a hom e loan, w ill get one.
So, before you give up o n the idea o f o w n in g
y o u r o w n hom e, take a look at w h a t U .S . B ank s
can be b o rro w e d w ith the rest of the money.
N o t only does this home loan cost less, it s easier to
qualify for. A steady incom e and a g o o d h istory of
paying y o u r bills m ig h t be all you need.
Now, we aren't exactly g iv in g aw ay these loans
1 lo m eP artn ers loan has to offer. It co u ld save y o u
from a lifetim e of rent.
5.
J
IL L S . B A N K
to everyone w h o walks in the door. But. w e g uaiantee
c 1991
—
United States National Bank of Oregon
e
Oregon Department Of Human Resources
To Listen To Views Of Local Citizens
Superior Student
La Tanya Renee’
Carter
For the second consecutive year,
the top leadership of the Oregon Depart
ment of Human Resources will travel to
Portland to listen to the views of local
citizens. “ We have a very difficult task
ahead,” said DepartmentdirectorKevin
Concannon, “ in determining social and
health service priorities in the wake of
Ballot Measure 5.”
Other communities scheduled for
visits include Pendleton, Bend, Medford,
and Eugene. Meetings in Portland on
July 22nd will be at 9 a.m. and 6:30 p.m.
at Fernwood Middle School, 1915 NE
33rd.
The Department of Human Re
sources (DHR) is the state umbrella
agency for all health and social services.
Some 12,000 Department employees de
liver services to tens of thousands of
Oregonians from protecting children to
delivering food stamps to increasing the
independence of seniors.
In the recently concluded legisla
tive session, DHR and lawmakers
grappled with a substantial projected
budget cut. An improving Oregon econ
omy has delayed many of the cuts pro
posed for the 1991-93 budget.
If Oregon voters don’t approve a
new source of revenue to make up for
the Measure 5 losses, the next phase-in
of Ballot Measure 5 requires much larger
reductions in service. Concannon says
the Department wants to listen to the
ideas of Oregonians on how to balance
the needs of Oregon’s most vulnerable
population.
“ One example,” noted Concan
non,” is deciding how to balance pre
vention with serving people already in
serious need. W e’re not at the point of
trying to work specific budget num
bers,” Concannon continued, “ but we
want to understand what global choices
Oregonians would make about our serv
ices.”
Community
Meeting
The Portland Cable Access Board
of Directors is scheduled to meet at
7:30pm on Wednesday, July 17th, 1991
at 2766 ML King Jr. Boulevard.
Summertime Savings!
LaTanya Renee’ Carter, daughter
of Fred and Carol Carter, is a 1991
Grant High School graduate who com
pleted her senior year with a 3.7 GPA.
While in high school she was a member
of Junior and Varsity Rally, Student
Council, Human Relations Commit
tee, The Institute for Science and Math,
an Honor Roll member, and was voted
“ most spirited senior girl” by the sen
ior class. LaTanya was a recipient of
The Delta Sigma Theta Scholarship
and The Minority Achievement Schol
arship (which will pay her tuition and
fees for five years) which she will use
this fall to attend Portland State Uni
versity and major in Business Admini
stration and Communications.
LaTanya attends Maranatha Church
where she is an active member in the
youth choir (Disciples II) and the youth
group B.A.S.I.C. (Brothers And Sister
In Christ).
Carousel Courtyard
Concerts Continue
The Carousel Courtyard’s third
annual Lunchbox concert scries con
tinues Wednesday, July 24, from noon
to 1 p.m. with Swingline Cubs. The
concerts, scheduled every Wednesday
through August, arc free to the public.
Just take MAX out to the Carousel
MAX station. Refreshments and food
are available. For further information,
please contact Janice Babcock at Pa
cific Development, Inc. at 233-4048.
Bumble Bee
Chunk Tuna
Chunk Light Tuna,
Oil or Water
pack, 6.125-Ounce
can. Terrific for
sandwiches or
enjoy atop a fresh
green salad!
Golden
Sweet Corn
Sweet tender ears at their peak-of-season
finest. Always a favorite at summertime
picnics and barbecues. Stock up this
week at your Safeway produce department
and save at this ‘Super Saver’ price!
1«
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Ad Effective 7/17 Thru 7/23/91
SAFEWAY
EXPECT THE BEST!
COPYRIGHT 1978, SAFEWAY INC.
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