first-time homebuyer resources
Homeownership is an exciting opportunity, but we recognize the process can feel intimidating for someone who may be considering buying for the first time. If you wish to discover more, and get in touch with vetted local resources, explore the list below to understand your options, get pre-qualified, and more.
Homeownership Resources In Portland & Oregon
Portland Housing Center: A nonprofit offering one-on-one homebuyer counseling, required homebuyer education classes, and access to low-down-payment first mortgages, down payment assistance, and savings-matching programs designed specifically for Portland-area buyers. portlandhousingcenter.org
Oregon Housing and Community Services (OHCS): Oregon Bond Residential Loan Program Below-market-rate mortgages (conventional, FHA, VA, and USDA) for first-time buyers statewide, with two options: cash assistance toward closing costs, or an even lower interest rate. Also open to repeat buyers who are veterans or purchasing in designated target areas. oregonbond.us
OHCS Down Payment Assistance Programs: Oregon offers dedicated down payment and closing-cost assistance programs for income-qualified first-time buyers, layered on top of Bond Program financing. oregon.gov/ohcs
Portland Housing Bureau (PHB): The City of Portland's housing agency tracks local affordable homeownership opportunities, income-restricted units, and city-supported homebuyer programs. portland.gov/phb
County-Level Down Payment Assistance: Multnomah, Clackamas, and Washington counties each offer or partner on down payment and closing-cost assistance (commonly up to $15,000) for income-qualified first-time buyers. Check with your county's housing or community development office for current funding availability.
National Homeownership Resources
HUD-Approved Housing Counseling Agencies: Free or low-cost homebuyer counseling backed by the U.S. Department of Housing and Urban Development. Search for HUD-approved counselors in the Portland area directly through HUD's directory. hud.gov/counseling
FHA Loans (Federal Housing Administration): Government-backed mortgages that allow down payments as low as 3.5% for qualified buyers, with more flexible credit requirements than many conventional loans. hud.gov/fha
Consumer Financial Protection Bureau (CFPB): Buying a House Toolkit: A free, federal guide walking through every stage of the homebuying process, from budgeting to closing. consumerfinance.gov/buy-a-house