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Oregon Bond Residential Loan Program

About the Program

Oregon Bond Residential Loan Program provides competitive rates helping eligible families increase their home purchasing power and keep their monthly house payments affordable. Within the program, eligible homebuyers can choose from two loan options:

Loan Option 1: Cash Advantage
  • The borrower gets a competitive interest rate on their home loan along with cash equal to 3% of their loan amount. The cash assistance will help reduce the total closing costs needed to buy the home. Borrowers cannot use Cash Advantage funds for the minimum investment required for an FHA Loan.
Loan Option 2: Rate Advantage
  • The borrower maximizes their buying power with a competitive interest rate and a lower monthly payment.
Please note: OHCS Homeownership Division does not make or arrange loans. It is neither an originator nor creditor and is not affiliated with any Lender. The law requires the Lender to provide the following information to the consumer:
  • Loan fees
  • Annual percentage rate (APR)
  • Repayment conditions
  • Disclosures, and any other legally required information

Loan Type and Rate, Effective as of 05/30/2024

Oregon Bond Residential Loan Program
Rate Advantage 6.125%
Cash Advantage 6.875%

*Note: This is not an advertisement for credit as defined in Regulation Z.
Please contact an Oregon Bond Residential Loan Participating Lender for Annual Percentage Rate ("APR").


Oregon Bond Residential Loan Program

Download brochure here.

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