Special Interest Rates For 1st Time Buyers In Or
Looking to purchase your 1st residence in Oregon but find yourself at a loss as to where to turn for a mortgage loan? Look no further. First time home buyer loans in Oregon are provided by the Oregon Housing and Community Services (OHCS). Not only do they provide below-market interest rates on your home mortgage loan, they also provide other constructive programs for 1st time home buyers.
Here are some details on OHCS’s loan program:
Buy a Home / Oregon Bond Loan Program
The Oregon Bond Loan program provides tax-exempt revenue bonds to finance below market rate mortgage loans for qualified first-time homebuyers. OHCS works in partnership with participating mortgage lenders, local governments and non-profit organizations, to assist first-time homebuyers to secure home loans, down payment assistance programs, access homebuyer education, and homebuyer counseling.
Locating the right loan officer who specializes in first-time homebuyer programs can make all the difference when buying your first home. OHCS’s Find a Lender is easy to use and can quickly match you with a list of active loan officers who are ready to help you along the path to homeownership. So if you are ready to buy, go ahead and give it a try!
For complete details on this loan, including contact information and instructions on how to apply, please visit this OHCS loan page.
More Oregon First Time Buyer Resources
In addition to the above first time homebuyer loan from OHCS, there are resources available as well. Be sure to visit Oregon down payment assistance, as well as our page that shares details about grants available in OR to purchase your first home.