First Time Home Buyer

Grants in Oregon

Complete Oregon First Time Home Buyer Grant Information.

Are you thinking of buying your first home in Oregon? Would you like a free gift of money to help you purchase that first home? If you answered yes to these two questions, there is great news for you. The state of Oregon provides free money for its residents who are first time home buyers and need help with the down payment and closing costs. This money comes in the form of state grants. This is free money that shouldn't be passed up! The grant awards can be in the thousands of dollars. It will be well worth your time to educate yourself about the first time home buyer grant programs that the State of Oregon provides.

Oregon First Time Home Buyer Grants

The agency in Oregon that provides assistance to first time home buyers is The Oregon Housing and Community Services. While there are no outright cash grants for first time home buyers, there is one program that is very close: Purchase Assistance Loan. You can get a loan up to $10,000 to use for your down payment and closing costs. The loan has a zero percent interest rate, and doesn't have to be repaid until the house is sold or title transferred. In effect, you are getting a grant on the interest. If you kept the house for 30 years, this interest grant would amount to just under $14,000. To get more details on this program, please visit the Oregon Housing and Community Services website page specifically describing how the program works.

Writing the Perfect Grant Application

Located within this site is a large amount on information on where to find grant programs for first time home buyers in each state. However, it is beyond the scope of this website to teach our visitors how to write a perfect grant application. While it is important to find grant sources that are applicable to your situation, it is equally important to write a quality grant application that will win you grant money. For this reason we have worked out a special arrangement with The Grant Assistant to provide our visitors with a complete grant writing kit. This kit provides additional sources of agencies that provide grants (over 1,400 sources). It will also assist you in writing the perfect grant application. The information contained in this kit is priceless. We highly suggest you obtain this valuable resource if you are even remotely interested in obtaining cash grants. The kit is completely free and you only have to pay $1.97 for postage. For less than two dollars you can get complete information that could bring you a grant of ten, fifteen, or twenty thousand dollars. We can't stress highly enough how much value you receive for less than two dollars. Click here to get these CD's rushed to your home, or see the offer at the bottom of this page.

Federal First Time Home Buyer Grants

Besides the state programs, there are federal funds and grants available to first time home buyers in Oregon through the Homes and Communities program of the United States Department of Housing and Urban Development. On their website you'll find complete grant information, application forms, description of available funds, as well as many other helpful tools.

Every potential first time home buyer should investigate what they have to offer. You can visit the website by going here: US Dept. of Housing and Urban Development. Also, there is a website that has a complete list of all grant programs available through the United States Federal Government: Grants.gov. First time home buyers should plan to spend the required time investigating to determine how many individual grants they may qualify for. You can visit the website by going to Grants.gov.

Other First Time Home Buyer Grants

There are also these local first time home buyer programs:

Clackamas County Homeowner Assistance Program (CHAP) (503) 655-8591
Corvallis First Time Home Buyer Program (FTHP) (541) 766-6944
Eugene Homebuyer Assistance Program (HAP) (541) 682-5529
Portland Housing Center Closing Cost Assistance (CAP) (503) 282-7744
Portland Housing Center Mortgage Assistance Program 20 Targeted (MAP 20T) and City Wide (MAP 20C) (503) 282-7744
Portland Shared Appreciation Mortgage Program (SAM) (503) 823-3401
Salem Deferred Payment Loan (DPL) (503) 588-6173
Springfield Home Ownership Program (SHOP) (541) 726-3799

Return to First Time Home Buyer Grants page.

See also First Time Home Buyer Programs for other types of 1st Home Buying assistance.

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