Oregon Home Buyer
1% Down Payment Assistance Program
About Oregon’s Home Buyer Solution Gift Program
- The Lending Company exclusively offers Oregon’s Home Buyer Solution Gift Program
- The program provides up to a 2.5% gift to home buyers on a FHA first mortgage.
- Home buyer’s down payment could be as low as 1%.
- Interest rates are competitive.
- Loan approval guidelines are flexible.
- The gift is not limited to first-time home buyers.
- Other properties besides foreclosures or vacant properties are eligible for the program.
- Duplexes and condos (1 to 4 families) are eligible, as long as they are HUD approved and owner occupied.
- The gift program will not run out of funding like city and state stimulus programs.
- Available with FHA fixed 30 year mortgages.
- Available statewide in Oregon.
- There may be income limits. Check with your loan officer.
- No prepayment penalties.
- All borrowers must have a minimum credit score of 640.
For more information on the Oregon’s Home Buyer Solution Gift Program, please fill out the form below: