Oregon Housing and Community Services (OHCS)
State Housing Agency
Oregon Housing and Community Services (OHCS) was founded in 1977 with a mission to provide affordable housing opportunities to Oregon residents. OHCS offers a range of homeownership programs that include below-market interest rates, down payment assistance, and closing cost assistance. These programs are designed to help low- and moderate-income families purchase homes and build equity. OHCS plays a vital role in ensuring that Oregonians have access to safe and stable housing.
First Mortgage Programs Offered by Oregon Housing and Community Services (OHCS)
OHCS Rate Advantage FHA Loan
Best For: First Time Homebuyers, Low Down Payments, Low Credit Scores, Lowest Rates
Oregon Housing FHA program for first time homebuyers featuring below market interest rates and easy qualification.
Min. Credit Score
580
Min. Down Payment
3.5%
Max. Loan Amount
$472,030 - $690,000
OHCS Rate Advantage VA Loan
Best For: First Time Homebuyers, Low Credit Scores, Lowest Rates, Zero Down
Oregon Housing VA program for first time homebuyers or exempt veterans featuring below market interest rates.
Min. Credit Score
600
Min. Down Payment
0%
Max. Loan Amount
$726,200
OHCS Rate Advantage USDA Loan
Best For: First Time Homebuyers, Lowest Rates, Zero Down
Oregon Housing USDA program for first time homebuyers or exempt veterans in rural Oregon areas featuring below market interest rates.
Min. Credit Score
600
Min. Down Payment
0%
Max. Loan Amount
$726,200
OHCS Rate Advantage Conventional Loan
Best For: Flexible Terms, First Time Homebuyers, Low Credit Scores, Lowest Rates
Oregon Housing Conventional program for first time homebuyers featuring below market interest rates and no mortgage insurance.
Min. Credit Score
620
Min. Down Payment
20%
Max. Loan Amount
$726,200
OHCS Cash Advantage FHA Loan
Best For: First Time Homebuyers, Low Down Payments, Low Credit Scores
Oregon Housing FHA program for first time homebuyers featuring a 3% credit towards closing costs and easy qualification.
Min. Credit Score
580
Min. Down Payment
3.5%
Max. Loan Amount
$472,030 - $690,000
OHCS Cash Advantage Conventional Loan
Best For: First Time Homebuyers, Large Down Payments, Low Credit Scores
Oregon Housing Conventional program for first time homebuyers featuring a 3% credit towards closing costs and no mortgage insurance.
Min. Credit Score
620
Min. Down Payment
20%
Max. Loan Amount
$726,200
OHCS Cash Advantage USDA Loan
Best For: First Time Homebuyers, Zero Down
Oregon Housing USDA program for first time homebuyers or exempt veterans in rural Oregon areas featuring a 3% credit towards closing costs.
Min. Credit Score
600
Min. Down Payment
0%
Max. Loan Amount
$726,200
OHCS Cash Advantage VA Loan
Best For: First Time Homebuyers, Low Credit Scores, Zero Down
Oregon Housing VA program for first time homebuyers or exempt veterans featuring a 3% credit towards closing costs.
Min. Credit Score
600
Min. Down Payment
0%
Max. Loan Amount
$726,200
OHCS Rate Advantage FHA Loan Targeted
Best For: First Time Homebuyers, Low Down Payments, Low Credit Scores, Lowest Rates
Oregon Housing FHA program for targeted areas featuring below market interest rates and easy qualification.
Min. Credit Score
580
Min. Down Payment
3.5%
Max. Loan Amount
$472,030 - $672,750
OHCS Rate Advantage USDA Loan Targeted
Best For: First Time Homebuyers, Lowest Rates, Zero Down
Oregon Housing USDA program for targeted rural Oregon areas featuring below market interest rates.
Min. Credit Score
600
Min. Down Payment
0%
Max. Loan Amount
$726,200
OHCS Rate Advantage VA Loan Targeted
Best For: First Time Homebuyers, Low Credit Scores, Lowest Rates, Zero Down
Oregon Housing VA program for first time homebuyers or exempt veterans purchasing in a targeted area featuring below market interest rates.
Min. Credit Score
600
Min. Down Payment
0%
Max. Loan Amount
$726,200
OHCS Rate Advantage Conventional Loan Targeted
Best For: Flexible Terms, First Time Homebuyers, Low Credit Scores, Lowest Rates
Oregon Housing Conventional program for targeted areas for first time homebuyers featuring below market interest rates and no mortgage insurance.
Min. Credit Score
620
Min. Down Payment
20%
Max. Loan Amount
$726,200
OHCS Cash Advantage Conventional Loan Targeted
Best For: First Time Homebuyers, Large Down Payments, Low Credit Scores
Oregon Housing Conventional program for first time homebuyers in targeted areas featuring a 3% credit towards closing costs and no mortgage insurance.
Min. Credit Score
620
Min. Down Payment
20%
Max. Loan Amount
$726,200
OHCS Cash Advantage FHA Loan Targeted
Best For: First Time Homebuyers, Low Down Payments, Low Credit Scores
Oregon Housing FHA program for first time homebuyers in targeted areas featuring a 3% credit towards closing costs and easy qualification.
Min. Credit Score
580
Min. Down Payment
3.5%
Max. Loan Amount
$472,030 - $672,750
OHCS Cash Advantage USDA Loan Targeted
Best For: First Time Homebuyers, Zero Down
Oregon Housing USDA program for first time homebuyers or exempt veterans in targeted rural Oregon areas featuring a 3% credit towards closing costs.
Min. Credit Score
600
Min. Down Payment
0%
Max. Loan Amount
$726,200
OHCS Cash Advantage VA Loan Targeted
Best For: First Time Homebuyers, Low Credit Scores, Zero Down
Oregon Housing VA program for first time homebuyers or exempt veterans purchasing in a targeted area featuring a 3% credit towards closing costs.
Min. Credit Score
600
Min. Down Payment
0%
Max. Loan Amount
$726,200
OHCS Flex Lending FHA Loan
Best For: First Time Homebuyers, Low Down Payments, Low Credit Scores
Oregon Housing FHA program that can be paired with OHSC's Flex Lending Down Payment Assistance (DPA).
Min. Credit Score
620
Min. Down Payment
3.5%
Max. Loan Amount
$472,030 - $690,000
OHCS Flex Lending VA Loan
Best For: Low Credit Scores, Zero Down
Oregon Housing VA program that can be paired with OHSC's Flex Lending Down Payment Assistance (DPA).
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
OHCS Flex Lending USDA Loan
Best For: First Time Homebuyers, Zero Down
Oregon Housing USDA program that can be paired with OHSC's Flex Lending Down Payment Assistance (DPA).
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
OHCS Flex Lending Conventional - Low Income
Best For: First Time Homebuyers, Large Down Payments, Low Credit Scores
Oregon Housing Conventional Loan for Low Income Oregon Residents that can be paired with OHSC's Flex Lending Down Payment Assistance (DPA).
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$726,200
OHCS Flex Lending Conventional - Median Income
Best For: First Time Homebuyers, Large Down Payments, Low Credit Scores
Oregon Housing Conventional Loan for residents with incomes above 80% AMI that can be paired with OHSC's Flex Lending Down Payment Assistance (DPA).
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$726,200
Second Mortgage Programs Offered by Oregon Housing and Community Services (OHCS)
OHCS Flex Lending DPA - Silent Second
Best For: First Time Homebuyers, Zero Down
The Oregon Housing Flex Lending DPA program provides up to 4% in down payment assistance in the form of a deferred payment, forgivable mortgage.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
Up to 4.00% of 1st Loan Amount Program Benefit Amount
OHCS Flex Lending DPA - Standard
Best For: First Time Homebuyers, Zero Down
The Oregon Housing Flex Lending DPA program provides up to 4% in down payment assistance in the form of a standard second mortgage.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
Up to 4.00% of 1st Loan Amount Program Benefit Amount
OHCS Flex Focused Demographics DPA - Silent Second
Best For: First Time Homebuyers, Zero Down
The Oregon Housing Flex Focused Demographics DPA program provides up to 5% in down payment assistance as a deferred payment, forgivable mortgage.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
Up to 5.00% of 1st Loan Amount Program Benefit Amount
OHCS Flex Focused Demographics DPA - Standard
Best For: First Time Homebuyers, Zero Down
The Oregon Housing Flex Focused Demographics DPA program provides up to 5% in down payment assistance in the form of a standard second mortgage.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
Up to 5.00% of 1st Loan Amount Program Benefit Amount
See If You Qualify for Oregon Housing and Community Services (OHCS) Loans
* ReviewMyMortgage.com Inc. is in no way affiliated with or endorsed by OHCS or any of its subsidiaries. We are an educational resource website that compiles information on different financing institutions and the loan products they offer in the United States.
Are you a mortgage professional?
Learn about our unique sponsorships, including RMM PROLender, that can take your production to the next level.
Get in Touch