13425 SE FOSTER RD
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About This Property
Welcome to this beautifully crafted, newly built townhome in the heart of SE Portland. Offering 4 spacious bedrooms and 2 baths across two well-designed floors, this home maximizes natural light through thoughtfully placed windows, creating a bright and inviting atmosphere throughout. With energy-efficient features like a heat pump for both heating and cooling, this home is as eco-friendly as it is comfortable. Enjoy the convenience of brand-new, high-quality appliances including a washer/dryer, refrigerator, range, and dishwasher. Plus, the HOA fee covers water and garbage, making this an even more hassle-free living experience.
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
Attend a Q & A session to learn more - Register here - English Session or Spanish
Application Deadline - 5pm on Wed. Sep. 24th
Open House! Sunday Sep 14th Noon-2pm
Property Details
Address:
13425 SE FOSTER RD, 97236 Portland
Year Built: 2023
Est. Sq. Ft.: 1,361
Estimated Monthly Payment: $2,304/mo*
Estimated monthly HOA/Condo fees: $328
Estimated Appraised Value: $395,000
Estimated Monthly Property Taxes: $65
Proud Ground Monthly Fee: $50 (increasing to $51.50 in January 2026)
Estimated Recording Fees: $800
Max. front end/housing ratio: 38%
Max. back-end ratio: 45%
Asset Limit Post Closing: None
Minimum home buyer contribution to purchase: $500
1st time homebuyer required?: No
Land Lease or Covenant? Covenant
*Payment amount assumes 6% interest on a 30-year, fixed-rate FirstHome loan of $299,960 with a $500 down payment and payment includes property taxes, insurance, service fee & HOA fees, if applicable.
To comfortably afford this home, we recommend an annual household income of at least $72,500. If your income is under this amount it might be difficult to qualify for the home loan.
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 | $69,550 |
| 2 | $79,450 |
| 3 | $89,400 |
| 4 | $99,300 |
| 5 | $107,250 |
| 6 | $115,200 |
| 7 | $123,150 |
| 8 | $131,100 |
Application Deadline - 5pm on Wed. Sep. 24th
