KStation Condos Now FHA Approved | North Portland Condos for Sale With GREAT First Time Buyer Incentives

By
Real Estate Broker Owner with BuyersAgentPortland.com | (503) 810-7192 Portland Metro Exclusive Buyers Agent | 100% Buyer Representation ~ 100% of the Time Licensed State of Oregon
http://actvra.in/DcV

K Station Condos Are Approved for FHA

What a great opportunity to buy at the K Station Condos.  For those who might now know, the K Station condos are NEW condo development in North Portland and the incentives are great especially for first time buyers.

Conveniently located on the Killingsworth Station MAX Yellow Line, these new condos for sale in N Portland are a wonderful opportunity, not only for first time buyers, but now with FHA approval -- which means that enough units have sold to meet the FHA guiidelines on condos for sale.

What Do the K Station Condos for Sale in North Portland Offer?

The condos for sale in North Portland at the K Station new construction development are true urban condos. They are designed to make commuting easy, offer first time buyers wanting to purchase new construction in North Portland easy and affordable.

"K-Station, a contemporary-design, four-story condominium and retail development on the corner of Northeast Interstate Avenue and Killingsworth Street, swung open its big glass double doors on Oct. 17 for the grand opening of a project seven years, two developers and $16 million in the making." ~~ Oregon Metro

Take a look at these new condos for sale in North Portland have to offer:

• 57 condos priced from the $160,000's • LEED Platinum
  • Electric car charging station & bike racks on every floor

• 10’ Ceilings • Light Shelves • On the Yellow MAX Line • Special Financing • Property Tax Abatement • Limited Tax Exemption • Zero-Interest DPAL Loans through PDC (Portland Development Commission)
Read Related Article: First Time Home Buyer Property Tax Abatement Program in Portland

Special Incentives for the K Station New Condos For Sale

In order to o qualify, the home buyer must be under contract to purchase a home at K Station Condo in North Portland. They also must be a first-time home buyer (defined as not having owned a home in the past three years). The condos for sale at K Station must be owner-occupied residences only.
 

Qualification for First Time Buyers of K Station's New Construction Condos in North Portland

• Annual household income must be at or below $45,600. • Must meet first mortgage lender’s financing requirements. • Combined liquid assets (cash and equivalent, stocks, bonds and bank account balances, excluding retirement accounts) cannot exceed $10,000 at closing. • Must be a US citizen or legal resident. • Must complete a homebuyer education workshop provided by a US Department of Housing and Urban Development (HUD) Certified Housing Counseling Agency. • There are no ongoing income limits or annual income certifications for the program. • Minimum borrower investment must be no less than $1,000.

Condos for Sale North Portland K Station New Condo Construction

These are only a few of the condos for sale in North Portland at the K Station location.

Posted by

Buyer Focused ~ Buyer Results

 

Representing Buyers in the Portland Metro Real Estate Market | Clackamas Multnomah and Washington Counties | Since 1999

Carla Muss-Jacobs, REALTOR®, ABR, CEBA, ePro
Principal Broker/Owner

Direct: 503-810-7192 | BuyersAgentPortland.com | Carla@BuyersAgentPortland.com

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Rainmaker
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Pamela Smith
Sun City West, Corte Bella, Sun City Grand
Long Realty West Valley

Carla,

Great blog.  The pictures and description were so far above others in your area!

June 29, 2012 06:28 PM
Rainmaker
636,026
Jane Grant
Temecula Homes and Murrieta Homes
Jane Grant, "Temecula Homes", Southwest Real Estate

Carla:  Excellent post describing not only K Station condos, but what it takes to qualify too!  You've got everything Portland buyers need to know!

June 29, 2012 10:36 PM
Rainmaker
1,162,093
Gene Riemenschneider
Turning Houses into Homes
Home Point Real Estate

That is good news and should give those homes an immediate price boost too.  Knowing in advance FHA can handle it is great.

June 30, 2012 08:53 PM
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Carla Muss-Jacobs, Principal Broker/Owner

Buyer Focused ~ Buyer Results
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Additional Information

Author Bio: Carla Muss-Jacobs is the Principal Broker/Owner of Buyers Agent Portland, LLC an Exclusive Buyer Agency representing Buyers in the Portland Metro real estate market since 1999.

The Sellers have their own agent ~~ Why don't you have yours?  

Carla Muss-Jacobs practices the TRUE FORM of Buyer Agency ~~ Exclusive Buyer Agent.  Her office/brokerage never takes listings and never respresents the Seller.  Exclusive Buyer Agency is the BEST form of legal real estate representation a Buyer can have.  There is 100% Buyer Representation - !00% of the Time.  There are NO CONFLICTS OF INTEREST and there is no possibility of ever having YOUR Buyer Agency comprised.  When buying a house -- it's important to know who is working for you!!