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 October 17, 2026 - confirm current terms directly with OHCS before applying.
Statewide DPA Programs in Oregon
Flex Lending - FirstHome
Oregon Housing and Community Services
Fixed-rate first mortgage with down payment assistance of 4% of the first mortgage amount (5% under the Focused Demographics option). DPA is a second mortgage with terms based on income and can cover up to 100% of cash to close.
Paired with: Conventional, FHA, VA, USDA
- First-time homebuyer: Required
- Primary residence only
- Minimum FICO: 620
- Income: County-based OHCS income and purchase price limits (higher in targeted areas).
- Homebuyer education required
First-time homebuyer requirement has exceptions for veterans and targeted areas. May not own other real estate at closing. Non-occupying co-borrowers and cosigners not allowed. No minimum borrower investment.
Source: www.oregon.gov
Flex Lending - NextStep
Oregon Housing and Community Services
30-year fixed first mortgage with a down payment assistance second mortgage that can cover up to 100% of cash to close (5% under the Focused Demographics option). The second is forgivable at the end of its term for incomes at or below 80% AMI; otherwise it is repayable at 1% above the first mortgage rate over 10, 20, or 30 years.
Paired with: Conventional, FHA, VA, USDA
- First-time homebuyer: Not required
- Primary residence only
- Minimum FICO: 620
- Income: Household income up to $125,000.
No first-time homebuyer requirement, but may not own residential property at closing. Minimum credit score is 620 for conventional and 640 for government loans. Homebuyer education required for first-time homebuyers.
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)
$832,750 baseline
Some Oregon counties qualify as high-cost, with limits up to $1,249,125.
FHA
$541,287
Standard FHA limit. Select high-cost Oregon counties allow more, up to $1,249,125.
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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