Oregon · Forgivable loan

OHCS Flex Lending FirstHome

4-5% DPA — forgivable if under 80% AMI

4-5% of loan amount as DPA. Forgivable for buyers under 80% AMI. First-time buyers only.

OHCS FirstHome provides 4-5% in DPA for first-time Oregon buyers. The percentage-based structure scales with purchase price, providing proportional assistance across Oregon's diverse markets.

Amount4-5% DPA — forgivable if under 80% AMI

TypeForgivable loan

Available inOregon

First-time buyer requiredYes

Minimum credit score620

Multi-unit eligibleYes — 1-4 units

House-hack eligible

This program can be used on 1-4 unit properties. Live in one unit, rent the others.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

OHCS Down Payment Assistance $60,000

Oregon · Grant / Forgivable

OHCS Flex Lending NextStep 4-5% DPA — repeat buyers welcome

Oregon · DPA program

Portland Housing Bureau DPA $100,000

City of Portland · Deferred 0% loan

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