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First-time home buyer programs in Cottage Grove, OR

Quick answer

First-time buyers in Cottage Grove, OR can use 3%-down conventional loans (up to the $832,750 Lane County conforming limit), 3.5%-down FHA, or VA and USDA where eligible. On the $318,800 median home, 3% down is about $9,564 and the estimated payment is $2,528/month at 7.18%.

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

Median household income: $64,133; value-to-income ratio 4.97. Cottage Grove ranks 53 by home value and 59 by population among 68 places in our OR dataset.

What does a first-time buyer loan cost on a typical Cottage Grove home?

ItemCottage Grove
Median home value (Census ACS)$318,800
Oregon median home value$454,200
Down payment (3%)$9,564
Loan amount$309,236
Estimated monthly payment (PITI + MI)$2,528
Income needed (28% / 36%)$109,000 / $85,000
Lane County 2026 conforming limit (1 unit)$832,750
Max purchase price at the limit$858,000

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

Payment includes Oregon's 0.83% effective property tax rate (Census ACS), $1,003/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in Cottage Grove?

Cottage Grove is in Lane County. Conventional 3%-down loans go up to the $832,750 conforming limit (price ≈ $858,000); FHA loans go up to $541,287.

The Cottage Grove median home value of $318,800 is 30% below the Oregon median, and within what the county limit supports.

Which down payment assistance programs can Cottage Grove buyers use?

No applicable programs have been verified for this city yet. Check the state housing finance agency for current assistance.

First-time buyer loans in nearby cities

SpringfieldEugeneSanta ClaraRoseburgLebanonCorvallis

First-time buyer loan FAQs for Cottage Grove

On the $318,800 median: 3% conventional ≈ $9,564, 3.5% FHA ≈ $11,158, and 0% for eligible VA or USDA buyers. Conventional loans above $832,750 in Lane County become jumbo loans.

At the $318,800 median value (below the Oregon median of $454,200), the estimated payment of $2,528/month at 7.18% needs about $109,000 a year under the 28% housing guideline, or $85,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 0 statewide programs are verified for this city (0 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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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.