Oregon Housing and Community Services Homeownership Resources

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Oregon Housing and Community Services

Homeownership Resources

Main Page / Homeownership Resources

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

		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. Find a housing center near you (.pdf)

		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. Find a class near you (.pdf)


		Oregon Bond Loans 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.

		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.

		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.

		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.

		Community Development Block Grant OHCS works with local jurisdictions and nonprofit organizations in rural Oregon that provide affordable funding to very low and low income home owners to rehabilitate their homes and address needed repairs for their safety and health. New funding opportunities for local jurisdictions and nonprofit organizations please contact the Infrastructure Finance Authority at the Oregon Business Development Department (OBDD).