Learn About DPA Programs Available To You
First time home buyers in Oregon have many options available to them for help in purchasing their first residence. If you feel that saving enough for a down payment will forever prevent you from buying your first property, here’s some great news. The Oregon Housing and Community Services (OHCS), offers down payment assistance of up to $15,000 for qualified first time home buyers.
Oregon DPA Details
Help coming up with the needed down payment is perhaps the greatest resource that you can tap into as a first time home buyer. Here are some details from the OHCS website:
About the Program
When program funds are awarded to qualified local organizations, they will be able to create, continue and expand their existing down payment assistance programs. Homebuyers, who have completed a homeownership education program, may qualify for up to $15,000.00 for down payment and/or closing costs.
The awards are funded by the state’s document recording fee, which are used to expand the state’s supply of homeownership housing for low-and very low-income families and individuals, with particular focus on underserved populations.
County Service Area
Jackson & Josephine Community Action Program of East Central Oregon
Umatilla, Morrow, Gilliam & Wheeler Community in Action
Malheur Hacienda Community Development Corporation
Multnomah Housing Authority of Yamhill County
Yamhill Klamath-Lake Regional Housing Center
Klamath & Lake Mid-Columbia Housing Resource Center
(Columbia Cascade Housing)
Wasco, Sherman & Hood River Native American Youth & Family Center
Multnomah Neighborhood Economic Development Corporation (NEDCO)
Marion, Lane NeighborImpact Homeownership Center
Crook, Deschutes & Jefferson Open Door Counseling Center
Washington Portland Community Reinvestment, Inc (PCRI)
Multnomah Portland Housing Center
Clackamas, Multnomah & Washington Willamette Neighborhood Housing Service
Benton, Lincoln & Linn
To get complete program details, including income limits as well as how to get the application process started, please visit the OHCS DPA page.
More Oregon Down Payment Assistance
In addition to the above DPA program offered by OHCS, there are local housing agencies in various towns, cities and counties throughout the state that provide financial assistance to prospective 1st time property buyers as well. To find out about more down payment assistance available in your town or city, please visit local Oregon first time home buyer programs.