A complete guide to Oregon's down payment assistance programs, the Oregon Bond Residential Loan, and OHCS programs available to first-time buyers in the Rogue Valley.
Oregon First-Time Homebuyer Programs: What's Available in 2026
Buying your first home in Oregon is more achievable than you might think. The Oregon Housing and Community Services (OHCS) agency administers several programs specifically designed to help first-time buyers overcome the biggest hurdles: down payment and closing costs.
Oregon Bond Residential Loan Program
The Oregon Bond program offers below-market interest rates to qualifying first-time buyers. In 2026, rates through this program are typically 0.25%–0.75% below conventional market rates. Combined with down payment assistance, this can save buyers tens of thousands over the life of the loan.
Key requirements: First-time buyer (or not owned a home in 3 years), income limits apply by county, purchase price limits apply, must occupy as primary residence.
Oregon Down Payment Assistance
OHCS offers down payment assistance of up to 3% of the loan amount through its Cash Advantage program. This assistance comes as a grant — meaning it does not need to be repaid — when paired with an Oregon Bond loan.
Jackson County and Medford Specific Programs
Jackson County buyers may also qualify for additional local assistance programs. Stephen Harris works with buyers throughout the Rogue Valley to identify every available program and stack benefits where possible.
Ready to explore your options? Get pre-approved today or schedule a free consultation with Stephen.
Frequently Asked Questions
Do I have to be a first-time buyer to use Oregon Bond?
What is the income limit for Oregon first-time buyer programs?
Can I combine Oregon Bond with FHA, VA, or USDA loans?
Stephen Harris, CMC · CRMS · CFMP · CVLS
Licensed Originator · X2 Mortgage · NMLS #203065
Stephen Harris is a Certified Mortgage Consultant with X2 Mortgage, serving Medford, Ashland, Grants Pass, and all of Southern Oregon. With 20+ years of combined real estate and mortgage experience, he holds 5 NAMB designations and 8 real estate credentials — giving his clients an unmatched depth of expertise. Licensed in Oregon, Arizona, and California.