The Lofts, Steps to Purchase

 

1. Visit Milepost 5 to see the model units and get a tour of the site. Contact Gavin Shettler at 503-729-3223 for informantion about tours.

Milepost 5 is located at 900 NE 81st Avenue, Portland, OR. The campus is on NE 82nd Avenue and Oregon, 3 blocks north of NE Glisan and 3 blocks south of I-84.

2. Meet with a lender and get pre-approved for a loan. Though it might sound like a lot if you haven't done it, this is a surprisingly simple step! We can suggest a few approved lenders for Milepost 5 homebuyers. One is Shawn Baeschlin at NW Mortgage Group, 503-528-9800. He will be glad to explain the process and get you started.

3. If this is your first time buying a home, attend a Homebuyer Education Class. You can do this before or after you submit an application. So that you understand all the steps, you should attend an "ABC's of Homebuying" class. This class is offered frequently through several nonprofits in the Portland metropolitan area, including the Portland Housing Center.

4. Meet individually with Milepost 5 staff to go over the details of the buying process, review and sign a Purchase & Sale Agreement, and make an earnest money deposit. If you are not local to Portland, it is easy to complete this step remotely by phone, fax, and email.

If you like, you can also meet independently with an attorney to review documents related to your purchase.

5. Proceed To Closing. Congratulations! At closing, you’ll complete the necessary paper work and the keys are yours!