Homeownership strengthens communities and the local economy, providing families greater stability and a solid foundation. High purchase prices statewide have left many families and individuals unable to access homes due to rising interest rates. Down payment is a top barrier to homeownership. With this program, OHCS is creating equitable pathways to affordable homes for communities that are underrepresented as homeowners in Oregon.
Home ownership is possible
The first step for people who are interested in the program is to find an approved mortgage lender.
Important information about Flex Lending Program eligibility:
- Income up to $125,000 per year based on applicant(s), not the household
- Eligible homes for purchase are owner-occupied homes in Oregon
- Homebuyers may not own any other real estate at time of closing
- Credit scores can be as low as 620
- Non-occupying co-borrowers and co-signers allowed
- Homebuyer education provided by Oregon Homeownership Centers for first-time homebuyers