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Buy a Home | Homeownership Resources
Homeownership Main Page | Buy a Home | Homeownership Resources


An Overview
The Homeownership Section and the homebuying programs use state funds to assist first-time homebuyers to secure loans (Residential Loan Program), access homeownership education, and homeownership counseling. The Residential Loan Program uses tax-exempt revenue bonds to finance below-market rate financing and cash assistance mortgage loans, also known as the Oregon Bond Loans. Homeownership assistance services are delivered in partnership with local non-profit organizations throughout the state.

Where to start?

Oregon Housing Centers Oregon Housing Centers
Oregon Housing Centers have a dedicated staff that is knowledgeable and experienced in helping low- and moderate-income families rent and purchase affordable housing.
Acrobat file Find a housing center near you (.pdf)
 Homebuyer Education classes   
Homebuyer Education classes Homebuyer Education
Homebuying classes help first-time homebuyers learn the basics about the home buying process. They are taught online or in a classroom setting by experienced professionals who specialize in helping first-time homebuyers.
Acrobat file Find a class near you (.pdf)
 Homebuyer Education classes
 Home Smart Oregon - Homebuyer Education 

Homebuyer Programs and Services

Homebuying Resources Residential Loan Program - Oregon State Bond Program
OHCS helps low and moderate-income families in Oregon buy their first home by providing below-market rate financing and cash assistance through its Residential Loan Program (also known as the Oregon Bond Program). The program's below-market rate helps eligible families increase their home purchasing power and lowers their monthly house payments. Learn more
 Homebuyer Education classes
Participating Lenders (Oregon Bond Loans)
OHCS does not offer home purchase loans directly to homebuyers. Instead, OHCS works with a network of lenders throughout the state to offer low-interest home loans. The participating lenders are available to walk you through every step of the home-buying loan qualification process. Find a lender in your area here
Homebuyer Education classes  
Downpayment Assistance Program
The downpayment assistance program is administered by participating organizations for low- and very low-income families and individuals, with particular focus on underserved populations. The program is funded through the state's document recording fee. The programs give qualified buyers who have completed a homebuyer education program up to $5,000 for a downpayment and/or closing costs. Learn more
Homebuyer Education classes  
Neighborhood Stabilization Program
The Neighborhood Stabilization Program was developed by the U.S. Department of Housing and Urban Development (HUD) as a response to the proliferation of residential foreclosures that have adversely affected the housing market and greater economy over the last few years. The program is currently in Phase 3 of three phases. Learn more