OHCS’ mission is to provide stable and affordable housing opportunities for low- to moderate-income Oregonians. The Oregon Bond Residential Home Loan Program was designed to provide mortgage financing at below-market interest rates to first-time homebuyers. There are exceptions to the first-time homebuyer requirement for veterans and for properties purchased in a targeted area.
In partnership with agency-approved lenders, eligible homebuyers can choose from two loan options:
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Rate Advantage: Our lowest-rate option, this program is designed to maximize a buyer’s purchasing power and keep monthly house payments affordable.
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Cash Advantage: This program provides financial assistance equal to 3% of the total loan amount, which is applied toward the loan’s closing costs.
The Oregon Bond program is not accepting new lender applications. To learn more about new lender opportunities with OHCS Homeownership Division, please visit the
Lender and real estate professionals page.
Lender resources
Oregon Bond program manual
Income limits
Targeted areas factsheet
Purchase price limits
Rates
Loan Type and Rate, Effective as of 11/19/2024
|
Oregon Bond Residential Loan Program |
Rate Advantage 6.125%
|
Cash Advantage 6.875% |
| Conventional | Conventional |
| FHA | FHA |
| USDA | USDA
|
| VA | VA
|
*Note: This is not an advertisement for credit as defined in Regulation Z. Please contact an Oregon Bond Residential Loan Participating Lender for Annual Percentage Rate ("APR").
Oregon Bond Loan Reservation System
Forms
Affidavit Addendum (SFMP 7)
Addendum to Deed of Trust (SFMP 9A)
Acquisition Cost Certification (SFMP 12)
Assignment to deed of trust (SFMP 9B)
Demographic data sheet
Electronic file submission (SFMP 26)
Loan transmittal (SFMP 10)
Notice to buyers (SFMP 16)
Recapture notice (SFMP 25)
Representations and warranties (SFMP 11)
Statement of income tax filing (SFMP 27)
Substitution agreement for assumption loans only (SFMP 104)
Veteran's homebuyer exemption certification (SFMP 7-VA)
Disclosure: OHCS Homeownership Division does not make or arrange loans. It is neither an originator nor creditor and is not affiliated with any lender. The law requires the lender to provide the following information to the consumer: Loan fees, annual percentage rate (APR), repayment conditions, disclosures, and any other legally required information.