7861 SE Phillips Creek LN
Property Photos
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About This Property
This 3 Bedroom, 1.5 bath attached townhome features a spacious living room, a half bath and a kitchen with generous counter space. Up the stairs are three bedrooms, and a full bathroom. Behind the home, enjoy the privacy of a fenced yard. The living room opens up to a concrete patio, prefect for grilling and entertaining family and friends.
Buyers with ITIN numbers are allowed, please see the list of lenders for more details or contact us with your questions.
Listed by Undra Adams, real estate broker licensed in OR with listing office Proud Ground.
More Information:
For more information about this property, contact Undra Adams, licensed broker in Oregon at 503-493-0293 x106 or undra@proudground.org.
Please view the photos and submit your application if you’re interested in this home. The top applicant will be given a tour of the home prior to completing a sale agreement.
Property Details
Address:
7861 SE Phillips Creek LN, Milwaukie, Oregon 97222
Year Built: 2004
Est. Sq. Ft.: 1,065
Estimated Monthly Payment: $1,528/mo*
Estimated monthly HOA/Condo fees: $110
Estimated Appraised Value: $360,000
Estimated Monthly Property Taxes: $184
Proud Ground Monthly Fee: $50
Estimated Recording Fees: $800
Max. front end/housing ratio: 38%
Max. back-end ratio: 45%
Minimum home buyer contribution to purchase: $500
1st time homebuyer required?: No
Land Lease or Covenant? Land Lease
*Payment amount assumes 5.75% interest on a 30-year, fixed-rate Oregon Bond loan of $192,589 with a $500 down payment and payment includes property taxes, insurance, service fee & HOA fees, if applicable. You must be an income-qualified homebuyer with a recommended minimum income of $46,000. If your income is under this amount it might be difficult to qualify for the home loan. Ask your lender for more information. Owner-occupancy, resale, and other restrictions apply. Final monthly payment and down-payment amount will be determined by the lender based on current interest rates.
Income Qualification
To qualify for this home, your total household income must be at or below a specific amount, based on household size. Proud Ground calculates your income by reviewing recent pay information and accounting for any expected raises or additional income that might occur during the first year you own your home. Household income includes gross annual income (before taxes), commissions, overtime, bonuses, child support, alimony, pensions, benefits, and income from anyone 18 or older living in the home, even if they’re not on the loan. Once you have purchased your home, no additional income certification is required. This is a strict guideline and no exceptions to maximum income limits can be made.
Please review the table to see if you qualify.
| Household Size | Maximum Household Income |
|---|---|
| 1 | $66,100 |
| 2 | $75,550 |
| 3 | $85,000 |
| 4 | $94,400 |
| 5 | $102,000 |
| 6 | $109,550 |
| 7 | $117,100 |
| 8 | $124,650 |