First Time Home Buyers Program in Eugene

Good news for First Time Home Buyers in Eugene, Oregon

FHA Down Payments for Homebuyers

The city of Eugene, Oregon, offers several programs to assist first-time homebuyers in purchasing their first home. Here are some of the programs you may want to consider:

  1. HOME Down Payment Assistance Program: This program provides up to $15,000 in down payment assistance to eligible first-time homebuyers. To qualify, applicants must meet income and credit requirements, complete a homebuyer education course, and purchase a home in Eugene.
  2. Community Land Trust Program: This program provides affordable homeownership opportunities to income-qualified families. The program provides subsidies for the down payment and closing costs and ongoing support for homeownership.
  3. Oregon Bond Residential Loan Program provides below-market interest rate mortgages to eligible first-time homebuyers. The Oregon Housing and Community Services agency administers the program.
  4. USDA Rural Development Program: This program provides low- and moderate-income families in rural areas with low-interest rate loans for purchasing homes. Eugene has several areas that qualify for this program.
  5. FHA Loans: The Federal Housing Administration (FHA) offers loans with low down payments and flexible credit requirements, which can be a good option for first-time homebuyers who may not have a lot of cash on hand for a down payment.

It’s important to note that eligibility requirements and program availability may vary. In addition, some programs may have limited funding, so it’s best to research and apply for these programs as early as possible. You can contact the City of Eugene’s Housing and Community Services Division for more information and assistance in determining which programs you may qualify for.

If you are not working with a Eugene mortgage loan officer yet, let me introduce you to some loan officers in the area.
This first-time home buyers program is available for a limited time, so take advantage of all these resources to buy your first home.
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