Purchase price limits establish the maximum home price eligible for financing through the FirstHome loan product. Oregon Housing and Community Services has established purchase price limits for households that qualify for the Flex Lending FirstHome loan product, which are compliant with IRS Code Section 143. This ensures the program effectively serves qualified firsttime homebuyers and supports underserved communities designated as targeted areas, which are available to existing homeowners and first-time homebuyers.
The chart below outlines limits for both targeted and nontargeted areas.