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First-Time Buyer loans in Oregon

Quick answer

First-time buyers in Oregon can use FHA (3.5% down), conventional 97 (3% down), VA or USDA loans, plus programs from Oregon Housing and Community Services (OHCS). On a $454,200 home, 3% down is about $13,626.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

First-Time Buyer loan snapshot for Oregon

ItemEstimate
Minimum down payment0%–3.5%
Minimum credit score580–620
Typical OR home value$454,200
3.5% down on typical home$15,897
20% down on typical home$90,840
Avg. effective property tax0.83%/yr (~$314/mo)
Income for typical home (31% rule)$141,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which Oregon programs pair with First-Time Buyer loans?

  • Oregon Bond Residential Loan: Below-market-rate loans for first-time buyers within limits.
  • Flex Lending: A first mortgage with down payment assistance options.

Details and current limits: Oregon Housing and Community Services (OHCS).

Compare first-time buyer loan options

LoanMin. downMin. creditMortgage insurance
FHA3.5%5801.75% upfront + annual MIP
Conventional 97 / HomeReady / Home Possible3%620PMI, removable
VA0%Lender-set (~580–620)None (funding fee)
USDA0%~6401% upfront + 0.35% annual

Who counts as a first-time home buyer?

Under HUD and most agency definitions, you're a first-time buyer if you haven't owned a principal residence in the last three years. Single parents and displaced homemakers who only owned with a former spouse may also qualify.

First-Time Buyer loans in Oregon cities

First-Time Buyer in PortlandFirst-Time Buyer in EugeneFirst-Time Buyer in SalemFirst-Time Buyer in GreshamFirst-Time Buyer in HillsboroFirst-Time Buyer in BendFirst-Time Buyer in BeavertonFirst-Time Buyer in MedfordFirst-Time Buyer in SpringfieldFirst-Time Buyer in CorvallisFirst-Time Buyer in AlbanyFirst-Time Buyer in TigardFirst-Time Buyer in AlohaFirst-Time Buyer in Lake OswegoFirst-Time Buyer in Grants PassFirst-Time Buyer in KeizerFirst-Time Buyer in Oregon CityFirst-Time Buyer in RedmondFirst-Time Buyer in McMinnvilleFirst-Time Buyer in BethanyFirst-Time Buyer in TualatinFirst-Time Buyer in West LinnFirst-Time Buyer in WoodburnFirst-Time Buyer in Forest GroveFirst-Time Buyer in WilsonvilleFirst-Time Buyer in NewbergFirst-Time Buyer in Happy ValleyFirst-Time Buyer in RoseburgFirst-Time Buyer in HayesvilleFirst-Time Buyer in Klamath FallsFirst-Time Buyer in AshlandFirst-Time Buyer in MilwaukieFirst-Time Buyer in SherwoodFirst-Time Buyer in AltamontFirst-Time Buyer in Cedar MillFirst-Time Buyer in HermistonFirst-Time Buyer in Central PointFirst-Time Buyer in LebanonFirst-Time Buyer in CanbyFirst-Time Buyer in Oak GroveFirst-Time Buyer in DallasFirst-Time Buyer in PendletonFirst-Time Buyer in Four CornersFirst-Time Buyer in TroutdaleFirst-Time Buyer in The DallesFirst-Time Buyer in Coos BayFirst-Time Buyer in St. HelensFirst-Time Buyer in CorneliusFirst-Time Buyer in La GrandeFirst-Time Buyer in SandyFirst-Time Buyer in OatfieldFirst-Time Buyer in GladstoneFirst-Time Buyer in OntarioFirst-Time Buyer in Oak HillsFirst-Time Buyer in PrinevilleFirst-Time Buyer in MonmouthFirst-Time Buyer in White CityFirst-Time Buyer in DamascusFirst-Time Buyer in Cottage GroveFirst-Time Buyer in Fairview

Frequently asked questions

Yes. First-Time Buyer loans are available statewide in Oregon through approved lenders, subject to county loan limits where they apply.

Often yes. Oregon Housing and Community Services (OHCS) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve Oregon.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.