Lenders and real estate professionals

Oregon Housing and Community Services (OHCS) operates the Flex Lending program, which offers two loan products through approved lenders: FirstHome and NextStep.

OHCS developed Flex Lending to support its mission of expanding homeownership opportunities for Oregonians. FirstHome and NextStep may be paired with down payment assistance (DPA) to create more accessible pathways to homeownership resulting in stronger communities. By doing so, OHCS aims to strengthen communities, providing families with greater stability and a solid foundation for the future.

FirstHome

FirstHome is designed to support first-time homebuyers.

NextStep

The NextStep product is available to all homebuyers.

Lender application

Lenders who wish to apply to become approved to offer FirstHome and NextStep loans under the Flex Lending program can do so using the RFA #7385 lender application.

Approved lenders must be licensed and located in Oregon or within 50 miles of its border. This requirement applies to all originating staff, loan officers, loan officer assistants, and processors.

Lenders must complete required training and pass a quiz in order to participate in the program.