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Oregon Down Payment Assistance Home Loans

The State of Oregon announced New Down Payment Assistance Programs for first time house buyers.

First-time homebuyers residing in the northwest US now have the opportunity to apply for and receive down payment assistance in Oregon. These down payment programs and grants for buying a home in Oregon provide financial assistance to those individuals who normally wouldn't have the financial means to do so. There are now several mortgage programs for first time home buyers in Oregon to take advantage of. Although the levels of Oregon down payment assistance will vary from one program to the next, the average is $10,000. We invite first time home buyers in Oregon to get a free quote with no obligation.

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Oregon Down Payment Assistance

Just be aware that each program has a different set of eligibility requirements and guidelines so be sure that you research the ones you are considering. Initially, the OHCS or the Oregon Housing and Community Services department allotted $750,000 for down-payment assistance and divided the money between 9 different organizations. In most cases, individuals who have not owned a home within the past three years qualify for down payment assistance in Oregon. But there are programs available for those who have owned property in that period of time.

As far as FHA house buying in Portland is concerned, there are a number of city, county, state, and federal programs available today.

Examples of some of these programs include:

  • 100% financing no closing costs
  • 100% financing rural areas that qualify
  • 5% down payment assistance with a 4.5% interest rate
  • 50% paid downpayment, 95% assistance on closing costs, and up to $10,000 in principal reduction
  • Between $10,000 and $14,500 available when qualifying for the Area Median Income Percentage

First-time buyer down payment assistance program provides up to $10,000 in closing costs, down-payment, and principal reduction assistance. Grants of up to $15,000 may be available if the person qualifies for the Minimum Housing Standards repairs program.

Up to $25,000 new homes in specified target areas / New construction up to $14,200 / resale properties up to $9,500

These mortgage programs for first time home buyers in Oregon are not the total solution for the issues that are common to a "soft" real estate market. However, many individuals and families who normally couldn't afford a down payment on a home will now be able to.


This is not an advertisement for credit. See Privacy for Details. Nothing on this web site contains an offer or promise for home loan with down-payment assistance. has no official relationship with FHA or any other government housing grant program.

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