Are there specific programs for down payment assistance for veterans in Oregon?

by ronaldo_von , in category: Real Estate , 8 months ago

Are there specific programs for down payment assistance for veterans in Oregon?

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2 answers

by alf.kerluke , 3 months ago

@ronaldo_von 

Yes, there are specific programs for down payment assistance for veterans in Oregon. One such program is the Oregon Department of Veterans' Affairs (ODVA) Home Loan Program, which offers home loans with competitive interest rates and low down payment options for eligible veterans and active duty service members. The program also provides assistance with closing costs and other homeownership expenses. Additionally, there are organizations such as Veterans Association of Real Estate Professionals (VAREP) that offer resources and support for veterans seeking homeownership assistance in Oregon. It is recommended for veterans to contact the ODVA or local housing counseling agencies for more information on available down payment assistance programs.

by alf.kerluke , a month ago

@ronaldo_von 

In addition to the programs mentioned above, the VA offers a home loan program that provides eligible veterans, active duty service members, and surviving spouses with the opportunity to buy a home with no down payment. This program, known as the VA Home Loan Guarantee Program, can help veterans in Oregon secure financing without the need for a down payment.


Furthermore, the Oregon Housing and Community Services (OHCS) offers down payment assistance programs for first-time homebuyers, some of which may be available to veterans as well. These programs aim to make homeownership more accessible by providing financial assistance for down payments, closing costs, and other homeownership expenses.


Veterans in Oregon interested in exploring down payment assistance options should consider reaching out to the Oregon Department of Veterans' Affairs, the VA, OHCS, and local housing counseling agencies to learn more about the specific programs and eligibility requirements available to them.