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Buy a Home - Residential Loan Program
Main Page  / Residential Home Loans

Program Overview
OHCS periodically issues mortgage revenue bonds to fund lower than market interest rate mortgage loans to help Oregon households buy their first home. Our Residential Loan Program, also known as the “Oregon Bond Loan”, provides below-market rates helping eligible families increase their home purchasing power and keep their monthly house payments affordable.

Two Loan Options
The Program offers eligible borrowers a choice between cash (down payment assistance) or our best rate. For both loan options, the eligibility and program requirements are the same. 
 Cash Advantage
Borrowers will get a low fixed interest rate on their home loan along with cash assistance equal to 3% of their loan amount. The cash assistance will help reduce the total closing costs needed to purchase the home. Cash Advantage funds cannot be used for the minimum investment required for an FHA Loan. 
/ohcs/hd/sff/images/b_circle2.gif Rate Advantage
Eligible borrowers will get the lowest fixed rate possible to maximize their home purchasing power with an affordable payment. 
How To Apply
To apply, simply contact one of our lenders and they will assist you in getting pre-qualified for one of our home loans. 

Program Guidelines

Program Factsheet 
Income Limits 
Property Purchase Price Limits 
Targeted and Non-Targeted Area