Need Assistance With a Down Payment?

Even in these tough times you have some great resources that can help you come up with a down payment, they are very different and which one is best depends on your circumstances:

·         Clackamas County-This program is available to income qualified first time home buyers in Clackamas County. CHAP provides up to $14,000 in down payment and closing cost assistance to households earning up to 80% of the median area income, adjusted for household size. The assistance is structured as a zero interest second mortgage. No payments are due until the home is sold, transferred or refinanced. At that time, the principal amount is payable to the county. Check out

·         PDC-Portland Development Commission, check out for details

·         Washington County ADDI-this is a community development program and details are available at

·         Oregon Bankers Association (HPAP) is funded by the Oregon Housing and Community Services, and assistance is available to income qualified first time home buyers throughout Oregon. $1500 for down payment and closing cost assistance, similar plan to CHAP.

·         La Hacienda CDC is a Latino down payment assistant program, check it out at

·         Asian Pacific assistance can be found at

·         AARP for 50 and over is available, we have an office in our building, give us a call for a referral.

·         PCD Housing Services will be offering funds again in spring under the PAL funding program.

Please call us any time for a referral to a great loan officer who is familiar with all these programs.


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