Down payment assistance in Oregon
Oregon's primary statewide down payment assistance program, run by Oregon Housing and Community Services (OHCS). Numbers and eligibility reflect the program's published 2025 guidelines.
Oregon Bond Residential Loan with DPA
Deferred loan- Maximum assistance
- Up to 5% of loan amount as a 0% deferred second
- Income limit
- Up to $158,800 (varies by county)
- Home price limit
- Up to $611,000 in Portland metro
- First-time buyer
- Preferred (some products)
- Eligible loan types
- FHA, VA, USDA, Conventional
- •0% deferred second - repaid on sale/refi/payoff.
- •Cash Advantage option provides up to 3% as a non-repayable rate-baked-in benefit.
How Oregon DPA fits into your purchase
Down payment assistance reduces the cash you need at the closing table. Oregon's Oregon Bond Residential Loan with DPA pairs with the standard FHA, VA, USDA, or conventional first mortgage from a participating lender; the DPA flows through the same closing.
Two things to budget for: most state DPA requires a homebuyer-education course (typically online, 6-8 hours, ~$75) and you usually have to use a lender on the agency's approved list. The agency keeps the list public on its website.
Common questions
Oregon's primary statewide DPA is Oregon Bond Residential Loan with DPA from Oregon Housing and Community Services (OHCS). Up to 5% of loan amount as a 0% deferred second. Many Oregon cities and counties also run additional DPA layered on top.
Some product variants are first-time-buyer only; others are open to repeat buyers. Check the agency page for the current matrix.
Yes. Oregon Bond Residential Loan with DPA works with these loan types: FHA, VA, USDA, Conventional. The DPA is layered behind your first mortgage as a separate lien (or grant), and both close together.
Usually no. Deferred and forgivable loans typically have no monthly payment, so most lenders do not include them in your DTI calculation.
Deferred and second-mortgage DPAs are generally repaid in full when you sell, refinance, or pay off the first mortgage.