First Time Home Buyer in Oregon? We Found More than 5 Ways to Get Help!

(Last Updated On: October 8, 2018)

When you’re a first time home buyer in Oregon, there are ways you can get help! We found the best programs to help you with down payments, closing costs and interest rates!

first time home buyer in oregon

Get more help buying a house with low income here!

Get help if you’re a first time home buyer in Oregon.

The FHA purchase program helps first-time home buyers in Oregon get access to low down payments and low-interest rates. The program may even have less stringent credit requirements for buyers who qualify. You’ll need to meet certain requirements and so will the house to meet the guidelines to have your loan backed by the FHA.

In addition to backing traditional mortgages, the FHA may be able to back a repair and rehab loan. This loan allows you to roll up to $35,000 into your mortgage amount if you purchase a “fixer” home. The home still needs to meet certain requirements set by the FHA.

The USDA loan may help you if you do not meet the credit requirements the FHA has. They offer a zero down payment option for borrowers who qualify. USDA loans may not always be available and are offered depending on different funding cycles.

Here are first-time home buyer programs in Oregon.

The direct loan backed by the USDA may also be able to help you qualify for help if you’re a first time home buyer in Oregon. The program is different from the USDA guaranteed program, but it may come with less-stringent guidelines for qualifying. The loan may also help you pay for repairs to the home you plan on purchasing.

If you do not meet credit requirements and cannot come up with a down payment for other loans, you could get help through the Habitat for Humanity. They help if you’re a first time home buyer in Oregon and need help making sure you can get a new home. The program requires you to put a small amount of sweat equity into building your home, but has different guidelines for down payments. Most people must get on a waitlist for Habitat for Humanity.

The Oregon Housing Services division might be able to help you with down payment assistance. They may be able to pay up to $1,500 toward a down payment for your new home. The amount can be used in combination with a variety of loan types.

We found programs for veterans & military.

If you’re an active duty military member or a veteran, you could get help with a loan backed by the VA. These loans are offered by a variety of lenders and are backed by the VA. You will need to apply through your lender, but a list of lenders is available on the VA site.

first time home buyer in oregon

Your county might help you if you’re a first time home buyer in Oregon.

Your county might be able to help you find financing, down payment assistance and other resources if you’re a first time home buyer in Oregon. Many of the county-related resources work with other financing programs!

Benton County

The Corvallis Housing and Neighborhood Services division may be able to help with down payments. You could get help with up to $1,500 toward your down payment amount. This amount is a grant and does not require you pay it back. You will need to meet certain income requirements and other requirements to qualify for the help from Corvallis.

Clackamas County

If you’re a first time home buyer in Oregon, you could get help in Clackamas County. You will need to apply for help through the city and use their city beautification division to get assistance. You may also be required to meet other guidelines to get approved for assistance.

Deschutes County

Residents of Bend or people who want to purchase a home in Bend may be able to get help from the city. In addition to low-interest rates and down payment assistance, the city may also have housing available that allows you to use special financing. You must apply through the Bend economic development organization.

Jackson County

If you’re looking for a home in Medford, you might be able to get help. There are housing options available. The city also has low-income housing and lending options for people who may not meet certain requirements for traditional home loans.

Lane County

You can get help if you’re a first time home buyer in Oregon! In Springfield, the city offers a variety of resources that might make the buying process better. You’ll need to meet certain requirements to qualify for the programs they offer.

Multnomah County

Are you in Portland? You could qualify for help if you’re a first time home buyer in Oregon! The city offers a variety of programs for people who are purchasing there. You may qualify for help with down payments and other resources thanks to the city’s beautification efforts!

Serious about buying a house? Don’t miss these other resources!

Get more free stuff in Oregon!



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