Don't be fooled. "First-Time" buyer is somebody who has not owned a home in the past 3 years. This program lets you save up to $5,000 (single) or $10,000 (couple) annually. The money you deposit is exempted from Oregon income tax.
The saved funds may later be used for down payment or closing costs when you purchase a home. When withdrawn for this purpose there is no Oregon tax on the money. You may open the savings account at a participating bank or credit union in Oregon.
Farwest Realty Group takes pride in providing exceptional personal service. We recognize the home buying process can be intimidating for the first-time buyer and want to help educate and guide you through the process.
We invite you to have one of our brokers meet with you and discuss the process. We'll identify and explain the steps to reaching the homeowner destination.
Even if you're not ready to buy today. Let us help you start the journey. You may be interested in attending one of our group sessions. Contact us for upcoming dates and locations.
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Licensed for business in Oregon.