Are there any first-time homebuyer programs or incentives in Oregon?

@emilie.windler  Yes, there are several first-time homebuyer programs and incentives available in Oregon to help make homeownership more accessible and affordable. Some of these programs are offered at the state level, while others may be available through local governments or nonprofit organizations. Here are a few examples:

1. Oregon Bond Residential Loan Program: This program offers below-market interest rates and down payment assistance to eligible first-time homebuyers and qualified veterans. The Oregon Housing and Community Services (OHCS) administers this program, which provides financing for both conventional and government-insured loans.
2. Oregon Individual Development Account (IDA) Program: The Oregon IDA Program helps low- to moderate-income individuals and families save for a down payment on their first home. Participants can receive matching funds for their savings, which can be used toward down payment and closing costs.
3. Portland Housing Bureau (PHB) First-Time Homebuyer Program: The PHB offers down payment assistance and homebuyer education classes to first-time homebuyers in the city of Portland. Eligible participants can receive financial assistance in the form of forgivable loans or grants to help cover down payment and closing costs.
4. Homeownership Education and Counseling: Various organizations in Oregon offer homeownership education and counseling services to help first-time buyers navigate the homebuying process, understand their financing options, and prepare for successful homeownership.
5. Federal Programs: First-time homebuyers in Oregon may also be eligible for federal programs such as FHA loans, VA loans (for eligible military veterans), and USDA loans (for properties in rural areas). These programs often offer low down payment options and flexible qualification criteria.

It's important for prospective homebuyers to research and explore all available options to find the program or incentive that best fits their needs and financial situation. Additionally, program eligibility requirements, terms, and availability may vary, so it's advisable to contact the relevant agencies or organizations directly for more information and assistance.