Oregon Down Payment Assistance
Oregon Down Payment Assistance Programs
A guide to current down payment assistance options in Oregon, including the state Housing Finance Agency, well-known city and county programs, and live DPA mortgage pricing for Oregon homebuyers.
Oregon Housing Finance Agency
Oregon Housing and Community Services (OHCS)
OHCS administers the primary DPA programs for Oregon. Program details below are current as of April 23, 2026 - confirm current terms directly with OHCS before applying.
Statewide DPA Programs in Oregon
Oregon Bond Residential Loan - Cash Advantage
Oregon Housing and Community Services
Reduced-rate first mortgage with up to 3% of the loan amount in cash assistance toward down payment or closing costs. The 3% assistance is a grant and does not require repayment.
Paired with: Conventional, FHA, VA, USDA
- First-time homebuyer: Required
- Primary residence only
- Income: County-based OHCS Oregon Bond income limits.
- Homebuyer education required
First-time homebuyer requirement is waived in federally designated Targeted Areas. Borrowers choose between Cash Advantage or Rate Advantage (lower rate, no cash assistance).
Source: www.oregon.gov
Oregon Bond Residential Loan - Rate Advantage
Oregon Housing and Community Services
Lower-than-market fixed first mortgage rate with no separate cash assistance.
Paired with: Conventional, FHA, VA, USDA
- First-time homebuyer: Required
- Primary residence only
- Income: County-based OHCS Oregon Bond income limits.
- Homebuyer education required
Source: www.oregon.gov
Flex Lending (FirstHome and NextStep)
Oregon Housing and Community Services
OHCS-backed fixed-rate first mortgages (FirstHome for first-time buyers; NextStep for repeat buyers) that can be paired with the OHCS Down Payment Assistance program.
Paired with: Conventional, FHA, VA, USDA
- Primary residence only
- Minimum FICO: 620
- Homebuyer education required
NextStep has no first-time homebuyer requirement. Income limits vary.
Source: www.oregon.gov
Down Payment Assistance (DPA)
OHCS through approved community partner organizations
Up to $60,000 or 20% of purchase price, whichever is less, toward down payment and closing costs. Structure varies by provider: either a forgivable, no-payment second lien or an amortizing second.
Paired with: Conventional, FHA, VA, USDA
- First-time homebuyer: Required
- Primary residence only
- Income: At or below 100% of area median income (AMI).
- Homebuyer education required
Available to first-time and first-generation homebuyers. Can pair with OHCS Flex Lending to cover up to 100% of borrower cash to close. Administered through OHCS-approved community partners; funding is allocated competitively.
Source: www.oregon.gov
Major City & County Programs in Oregon
Portland Down Payment Assistance Loan (DPAL)
Portland Housing Bureau through approved Community Partners · City of Portland, OR
Up to $80,000-$100,000 depending on funding source. 30-year term, 0% interest (0.012% APR). 10% of the award is deposited into a Home Improvement Grant Fund for eligible post-closing improvements.
First-time homebuyer only (no ownership in prior 3 years), income at or below 100% AMI, HUD-approved homebuyer education required, minimum $500 borrower contribution (gift funds allowed).
Source: www.portland.gov
Oregon Notes for Homebuyers
- Oregon is a deed-of-trust / trustee-sale state.
- Program funding is limited and often allocated on a first-come, first-served basis; confirm availability with an OHCS-approved lender.
2026 Loan Limits in Oregon
Conforming (Conventional)
$806,500 baseline
Some Oregon counties qualify as high-cost, with limits up to $1,209,750.
FHA
$524,225 floor
Higher-cost Oregon counties can reach the FHA ceiling of $1,209,750.
Live DPA Pricing for Oregon
Pricing below is sourced live from hundreds of wholesale lenders for a Oregon scenario. Edit the inputs to match your situation.
FHA Down Payment Assistance
Up to 5% assistance; repayable second at first rate + 2% over 10 years
▸Program details
- ✓Minimum credit score: 580
- ✓Non-traditional credit also possible
- ✓Assistance up to 2.5%, 3.5%, or 5% of the lesser of purchase price or appraised value
- ✓Assistance can be used for down payment, closing costs, or both
- ✓Second lien: 10-year fixed, repayable
- ✓Second lien rate is 2% higher than the first mortgage rate
- ✓No first-time homebuyer requirement
- ✓No income cap
- ✓Purchase of primary residence only
- ✓Eligible properties: 1-unit residences, PUD, 2-4 units, FHA-approved condos, manufactured (single/double-wide)
- ✓DTI per AUS and FHA manual underwriting guidelines
- ✓First lien: FHA 30-year fixed
Assistance amount
Compare DPA options for Oregon with live pricing
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