Special Loan Programs

Special Loan Programs: Oregon State Bond

This program is a purchase–only program and does have income restrictions. The Oregon State Bond cannot be used at any time for rental property; purchased homes must be owner–occupied. There is a nine–year recapture based on income levels (please discuss the details with your loan officer). The interest rate is typically 1% below market, determined by the Oregon Housing and Community Services. For more information, visit http://www.hcs.state.or.us/