HERALD AND NEWS. KLAMATH FALLS. OREGON
SUNDAY, JANUARY 11, 1959
THE HOUSE OF THE WEEK
$59 A Month and No Money Down
r By DAVID L BOWEN
If you're dreaming of a home
of your own, here's a plan that
can put the dream on a concrete
foundation.
PAGE SIX
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It's an economy house if there
ever was one, planned to the last
shingle to save money and aimed
at a specific section of the federal
housing law to help solve the
financing problem.
The result: an attractive, com
fortable three-bedroom contcm
porary home that can be built in
New. Jersey a relatively high
cost building region for a bit
under $8,000. A builder who has
experimented with this house type
estimates that at total cost of
$8,000 for house and 'and with no
money down, the payments for
insurance, amortization, interest
and ordinary taxes on an FHA
lo;.n would be around $59 a month
Section 203 1 of the Federal
Housing Administration's Mini
mum Property Requirements
is the relatively unknown and lit
tle used avenue to government
guaranty of a loan on this nouse.
That section was put into FHA
regulations primarily to help pros
pective homeowners n rural com
munities where marketability of
homes made them unsuited for
the more common sort ol FHA
loans. The average lending insti
tution doesn't use this section often
enough to realize that it can be
just as helpful to city and subur
ban home builders.
30-Year M ortgage
Here's what it means to you:
Section 203-1 offers 30-year mort
gages (customary period is 20 or
25 years). It makes available up
to $8,000 in mortgage money to
the prospective builder of a house
meeting its standards.
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EASY ON THE POCKETBOOK: This three-bedroom home
was planned to the last shingle to save money. The basic
owner can even get a 100 per cent
mortgage and make no down
payment on a house meeting
the requirements and costing no
more than $8,000.
House of the Week X-4C has
been engineered by Architect Les
ter Cohen to meet the require
ments of Section 203-1. The $8,000
no down payment" FHA-guaran-
teed loan it is eligible for may,
in some cases, not only cover the
cost of the home but the lot as
well. Its incxpensiveness makes
it ideal for the young family just
starting out, for older families
with an eye on budget' and easy
housekeeping, or it could be built
as a "second house" at the shore
or in the country.
Money-Saving Know How
How does this house differ from
other more expensive ones? Not
so much as you would imagine
judging by the price. Some of the
economies: All partitions are non
bearing,' because simplified truss
Thus the 'construction is specified; 2x3s are
house can be built in most areas for $8,000 and is eligible
for an FHA-guaranteed loan of that entire amount. '
Send this coupon for your STUDY PLAN
YOU CAN GET a study plan for The House ol
The Week by filling in your name and address on
the coupon on this page and sending it with 35 cents
to this newspaper.
This study plan shows each floor of the house
together with each of the four elevations, front, rear
and sides of the house. It is scaled at Vs-inch pei
foot. It includes a guide on "How to Get Your House
Built."
You can take this study plan to your bank 01
other mortgage lender and to your builder and get
rough estimates on the cost of construction in this
area, as well as an idea of the cost in relation to your
budget.
With this information you will know whether
you will want to proceed with construction by order
ing working blueprints direct from the architect and
asking for bids for the work.
STUDY PLAN ORDER COUPON
Building Editor:
Enclosed is 35 cents Please send me o copv
of the study plan of The House of The Week.
X-40
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OPT. EXTRA.
BREEZtWAV A NO GARAGE
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CEMOOH BEDROOM 3 LIVING ROOM I Tjl
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fUTURE
RECREAT ION ROOM
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HOBBY ROOM
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FLOOR PLAN shows efficient room arrangement in this economical
tionals are offered with the basic plan: a vsrsion with full basement,
garage, and a rear terrace and barbecue. Floor area of the basic house is 864
feet.
home. Three op
a breezeway and
square
used instead of 2x4s; house di
mensions make best use of stan
dard lumber sizes; heat duct runs
are minimum, increasing heating
efficiency and reducing size of unit
required; the plumbing diagram
a model of simple efficiency.
None of these factors, says the
architect, affect the durability of
the house. They all help to Ijring
the price down.
Plenty Of Glass
The plan shows the remarkabl.1
amount of livability Architect Co
hen has provided under the severe
cost limitation. Sliding glass doors
from floor to ceiling in the dining
room are an unusual luxury in such
a home, as is the awning-type pic
ture window in the living room.
Closet walls separate the mas
ter bedroom from the rear b e d
room, and a similar sound buffer
stands between bedroom No. 3 and
the hall. Two of the bedrooms have
double exposure and the bath
room is conveniently located for
family and guests.
The kitchen-dining area is big
and bright, with provision for a
sunny dinette nook. The basement
less version has a utility room.
with side entrance, hard by the
kitchen. Five closets and the utility
room provide adequate sotrage.
Special Features
A special feature of X-40 is that
it comes with plans for optional ex
tras. The first of these is a base
ment version, making provision for
recreation room, hobby room and
laundry downstairs. The second
adds a breezeway and garage to
the side of the house. The third
puts a terrace off the dining room
At additional cost, these features
could be built during original con
struction. The breezeway garage
and the , rear terrace could be
handled later by a pioficient do-
it-yourself home-owner.
Exterior and Statistics
The roof is asphalt shingle, with
trim masonry block chimney. Ex
terior materials are asbestos sid
ing, both attractive and practical,
plus brick veneer. Awning win
dows are used for the ;iving room,
double hung windows for the bed
rooms and sliding glass with fixed
side panels in the rear wall of the
dining room.
The house measures 36 by 24
feet, with 864 square feet of liv
able area in the basic house.
SLIDING' GLASS DOORS lead from the dining room to
optional terrace. Both the terrace, with its attractive
barbecue, and breezeway garage could be erected by a
proficient do-it-yourself owner after the family move in..