Offered in Corvallis, Oregon, this program provides down payment and closing cost assistance to eligible applicants.
As the name suggests, this program is meant for first-time homebuyers, which means those who have not owned a house in the previous three years. However, if ownership of a house was lost as the result of a divorce, that applicant could still be eligible.
As much as $20,000 is offered as a 0% loan.
Like many other programs, this program has an annual household income limit. This limit is 80% of the area median income, or as shown below (as of 2020):
- 1 person household: $45,850
- 2 person household: $52,400
- 3 person household: $58,950
- 4 person household: $65,450
- 5 person household: $70,700
- 6 person household: $75,950
- 7 person household: $81,200
- 8 person household: $86,400
Applicants must also finish a homebuyer education program.
Other programs in Oregon: