Overview
Oregon's housing market offers opportunities for first-time buyers, with a median home price of approximately $470,000. The Oregon Housing and Community Services (OHCS) provides the primary state-level assistance through mortgage programs and down payment assistance for qualifying buyers.
The Oregon Bond Residential Loan Program is an oregon housing and community services's key offering for first-time buyers, providing below-market rate first mortgage with up to $15,000 in down payment assistance. This program is designed to reduce the upfront cost barrier that prevents many qualified buyers from purchasing a home. Buyers must complete a HUD-approved homebuyer education course and work with an approved lender.
State Programs
Oregon Bond Residential Loan Program
Below-market rate mortgage with DPACash Advantage Program
GrantFederal Programs Available in Oregon
These nationwide programs can be combined with Oregon state assistance for maximum benefit.
FHA Loan Program
Low down payment mortgageVA Home Loan
Zero down payment mortgageUSDA Rural Development Loan
Zero down payment mortgageTips for First-Time Buyers in Oregon
The Cash Advantage Program extends additional support through 3% of the purchase price as a non-repayable grant. Oregon has no sales tax. The income tax ranges from 4.75% to 9.90%. Property taxes average about 0.93%. The absence of sales tax reduces ongoing household costs for homeowners.
Federal programs complement state offerings in Oregon. FHA loans require just 3.5% down with flexible credit requirements. VA loans provide zero-down-payment financing for veterans and active-duty military, particularly relevant near multiple military installations. USDA loans offer zero-down-payment options in eligible rural areas, which cover significant portions of Oregon.
Prospective buyers should compare all available options, as combining state and federal programs can dramatically reduce out-of-pocket costs. Working with a HUD-approved housing counselor can help navigate the application process and identify the best program combination for your situation.
Frequently Asked Questions
For educational purposes only -- not financial or tax advice. Program details, eligibility requirements, and benefit amounts are subject to change. Verify all information directly with the administering agency before applying. Last verified: March 30, 2026.