Loss of USDA loans could deal significant blow to home buyers

Newberg could be ruled ineligible for one of the few remaining zero-down mortgage options

Photo By: Gary AllenMarket in peril —
The population of prospective homebuyers for available houses in Newberg could shrink by 5 to 10 percent if the city is ruled no longer eligible for U.S. Department of Agriculture Rural Development home loans.
   First-time homebuyers Brian and Amanda Slagle may have been out of luck in trying to purchase a house in Newberg for their young family last year, if not for a loan program offered by an unlikely source: the U.



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