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How to Buy a Home

Homeownership means independence, growth, and a place to share with family and friends. The Oregon Bond Residential Loan program has helped thousands of people buy a home.

The program offers: 

  • A first-time homebuyer program.
  • Affordable, 30-year fixed interest rates.
  • With as little as zero cash down payment.
  • Knowledgeable local lenders and partner support.
Loan Type and Rate, Effective as of 9/21/2023 at 12:01 AM
Oregon Bond Residential Loan Program
Rate Advantage 6.5%
Cash Advantage 7.125%

* 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").

Tips to start the process

OHCS helps low and moderate-income families in Oregon buy their first home. We provide below-market rate financing and cash assistance through the Oregon Bond Residential Loan Program. ​

Our program provides a below-market rate to help eligible families increase their home purchasing power and lower their monthly house payments.

Homebuyers apply for the program with an approved lender.

This ​step is the fun one!

A real estate professional can assist you to find a home for your family within the program's home purchase price limits​​. ​

More resources:​

Homebuyer F​AQs

​Oregon Residential Loan Program FAQs​​​​ (Spanish​)​​​

​In this step, you will finish up the paperwork, close on your loan, grab those keys, and celebrate your accomplishment!

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