Blog Stories Lasagna Loans For a First Timer

Lasagna Loans For a First Timer

By Alyssa Isenstein Krueger, September 22, 2020

Mac was referred to me by one of my favorite lenders, Jennifer Leon at Umpqua Bank. Mac was a first time homebuyer just starting out her house hunting adventure. Mac was pre-approved to purchase a home with a combination of an Oregon Bond loan, a mortgage assistance program loan from Portland Housing Center, money from her IDA (Individual Savings Account) and a grant from Portland Housing Center that she qualified for. Her budget was pretty low- around $300k so we knew she had limited options. Within the first time outing, we found a darling little bungalow in Parkrose. It was priced at $295k so we thought for sure if it was as cute as it looked in the listing that it would be a fight to get it. Mac went home and slept on it and in the morning, she let me know she really did want to write. Fortunately there was only one other offer on the table so with an offer of $300k with some free rent back for the seller, Mac had her one and only offer accepted. The house was owned by a contractor who had done a lot of work on the house and it inspected really well. And a month later, all the layers came together and the house closed. And at $300,000, I think it was the last of it’s kind in Portland.

Alyssa Isenstein Krueger

Broker | OR

She/Her

I am living the dream. Working as a real estate broker in my home town brings this native Portland gal joy beyond measure. Check Out My Reviews! I took the round-about-road towards this career...
Read More
  • T: 503-724-6933
  • PDXHappyHouse@gmail.com

You might also enjoy

Just Listed! Excellent Investment or Owner-Occupant Opportunity in the Heart of Richmond

Jennifer O'Brien

4218-4220 SE Ivon St. Portland, Oregon, 97206 Discover a fantastic investment or owner-occupant opportunity in this...

Just Sold: Roseway Bungalow

Antoinette Berg

3316 NE 66th Ave Portland, OR 97213 The dreamiest 1920’s bungalow in Roseway. Out front is...

Just Sold: Villebois Townhome

Antoinette Berg

28554 SW Dundee Ln Wilsonville, OR 97070 Charming townhome in Villebois featuring a front courtyard perfect...

Just Sold: Oregon City Acreage

Antoinette Berg

16410 Hiram Ave Oregon City, OR 97045 Spacious home on a rare, large lot in Oregon...