Can I get a mortgage with a low or no down payment in Oregon?

@lucius 

Yes, there are several mortgage programs available in Oregon that allow for low or no down payment options. Some of these programs include:

• USDA loans: This program, offered by the United States Department of Agriculture, allows for eligible borrowers to purchase a home in designated rural areas with no down payment required.
• VA loans: This program, provided by the Department of Veterans Affairs, offers mortgages with no down payment required for eligible veterans, active duty service members, and their spouses.
• FHA loans: While not specific to Oregon, FHA loans are available nationwide and allow for down payments as low as 3.5% of the purchase price.
• State-specific programs: Oregon may also have its own down payment assistance programs or first-time homebuyer programs that offer assistance with down payments and closing costs.

It's recommended to speak with a mortgage lender or financial advisor in Oregon to explore all available options and determine the best fit for your specific financial situation.

@lucius 

Yes, there are mortgage options that allow for low or no down payments in Oregon. Some of these options include:

1. Oregon Bond Residential Loan Program: This program offers low down payment options for first-time homebuyers in Oregon. Borrowers can receive down payment assistance in the form of a grant or a second mortgage.
2. Oregon Housing and Community Services: This agency offers various down payment assistance programs for low and moderate-income homebuyers in Oregon.
3. Freddie Mac Home Possible: This program allows for a down payment as low as 3% for eligible borrowers purchasing a home in Oregon.
4. Fannie Mae HomeReady: Similar to Freddie Mac Home Possible, this program offers low down payment options for borrowers with low to moderate incomes.
5. FHA loans: Federal Housing Administration loans are available nationwide and offer down payment options as low as 3.5%.

It's recommended to speak with a mortgage lender or financial advisor in Oregon to explore these options further and determine the best choice for your specific situation.