Oregon Down Payment Assistance FAQ

Oregon offers numerous down payment assistance options for homebuyers looking to purchase in the Portland metro area and beyond. This FAQ is by no means comprehensive and you should absolutely reach out to our team for questions about your individual situation. Here are our top five frequently asked questions about Oregon down payment assistance programs.

Question 1: How much money is available?

There are a few different programs offered so finding an exact number depends on which program you choose and how much your loan is for. The Oregon Bond has two options: one is a lower interest rate and no money toward down payment while the other is a higher interest rate and up to three percent of the loan amount to cover closing costs.

The NHF Grant also has two options as well: one works with an FHA or VA loan and offers up to five percent toward down payment while the other works with a conventional or USDA loan and offers up to three percent of the loan amount.

Question 2: Is there a maximum loan amount?

Oregon Bond: Yes. The maximum loan amounts vary by county and can be seen here.

NHF Grant: Yes. The maximum loan amounts follow standard loan amount limits for FHA/USDA/VA/Conventional and can vary by county.

Question 3: Are there income limitations?

Oregon Bond: There are income limitations and they vary by county. The limitations can be seen here.

NHF Grant: There are income limitations and they vary by county. The limitations can be seen here.

Question 4: Do you have to be a first time homebuyer?

Oregon Bond: No, if you buy in a target area.

NHF Grant: No.

Question 5: Where can you buy a home?

Oregon Bond: Anywhere in Oregon

NHF Grant: Anywhere in Oregon and Washington. (It is offered in numerous other states as well. Ask us for a comprehensive list.)

Thank you for the lovely complete information that will be helpful to so many! Hope you are doing well!!

Thanks for your comment, Tom!

Good info. Easy to understand and pass on to Buyers. Thank you.