The Rogue Valley Association of Realtors (RVAR) together with the Oregon Association of Realtors (OAR) funds the HOME Foundation Buyers Assistance Grant. The program offers eligible homebuyers up to $1,000 to be used toward down payment, closing costs, or prepaid items.

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HOME Foundation Buyers Assistance Grant

Financial Assistance for Homebuyers in Oregon

Many individuals in Oregon have fallen into the renters trap, where they can afford potential monthly mortgage payments, but do not have enough money saved up for a down payment. The Rogue Valley Association of Realtors (RVAR) together with the Oregon Association of Realtors (OAR) funds the HOME Foundation Buyers Assistance Grant, which is meant to help people out of this trap. The program offers eligible homebuyers up to $1,000 to be put toward down payment, closing costs, or prepaid items.

Eligibility Requirements
To qualify for the program, the property being purchased must be located within Jackson or Josephine County, Oregon, and serve as the buyer’s primary residence. Additionally, the RVAR/OAR requires that applicants meet certain requirements to be eligible for the HOME Foundation Buyers Assistance Grant.
  • The grant is only available to first-time homebuyers; they must not have owned a home in the past three years.
  • They must be pre-approved for a conventional or government insure/guaranteed home loan.
  • Every applicant must contribute at least $500 of their own funds.
  • The buyers’ household income should not exceed the State of Oregon Median Income; $64,600 in 2017.
  • Buyers are required to attend and complete the Realizing the American Dream Homebuyer Education class, given by ACCESS at one of the campuses of the Rogue Community College, or the eHome America online alternative class available at www.ehomeamerica.org.
  • Buyers must also meet with a Certified Homeownership Counselor at ACCESS within the last 12 months. Call (541) 774-4305 for an appointment.
Homebuyer Education
Once a buyer has completed the homebuyer education course and met with a counselor at ACCESS, he/she can apply for the HOME Foundation Buyers Assistance Grant. They must work with lenders and real estate agents who are active members of the Southern Oregon Multiple Listing Service, who pre-approve them for a qualified mortgages and submit the application to ACCESS on the buyer’s behalf.

Down Payment Grants in Oregon

Willamette Neighborhood Housing Services (WNHS), along with other organizations, aim to help individuals overcome the hurdles of homeownership by providing a combination of homebuyer education courses, counseling and financial assistance.

 The First Time Home Buyer Program assists individuals overcome the hurdle of these upfront costs with zero-interest  down payment/closing cost loans of up to $20,000 for low-income, first-time homebuyers purchasing within the City of Corvallis.

The Rogue Valley Association of Realtors (RVAR) together with the Oregon Association of Realtors (OAR) funds the HOME Foundation Buyers Assistance Grant. The program offers eligible homebuyers up to $1,000 to be used toward down payment, closing costs, or prepaid items.

FHA.com Reviews

FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!