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Forever home/aging in place resources

Homeownership

Active Duty/Veteran Construction Loan

Detail Verified 2/14/17 - Last Updated 6/15/15

Active Duty/Veteran Construction Loan is a program in which the Veterans Administration (VA) is authorized to guarantee loans to eligible veterans and certain surviving spouses to obtain, retain and adapt a home and to refinance their loan. The home must be owner occupied. The no down payment loan may include simultaneous purchase of the land on which the residence is situated or will be situated.

Dream Makers Grant Program

Detail Verified 2/14/17 - Last Updated 9/26/14

Dream Makers Grant Program is a program that offers financial assistance of up to $5000 in the form of a 2-to-1 matching grant to first-time homebuyers who are veterans or active-duty military servicemembers. Buyer must be a first-time homebuyer or have not owned a home for at least three years or have lost their home through divorce or disaster.

Oregon Veterans 97% LTV/CLTV Home Loan

Detail Verified 2/14/17 - Last Updated 7/13/15

A fixed-rate purchase-money home loan program to help veterans become homeowners sooner.  Created by the Oregon Department of Veterans’ Affairs (ODVA) and Mortgage Guaranty Insurance Corporation (MGIC).  ODVA loans are conventional loans, different from federal Veterans Administration (VA) loans. Federal Veterans Administration (VA) forms and disclosures do not apply.

Oregon Veterans Home Loan

Detail Verified 2/14/17 - Last Updated 11/14/12

A fixed-rate, primarily purchase-money, home loan program designed to provide some degree of economic parity to honorably discharged veterans. Veterans did not have to enter the service from Oregon nor be discharged back into the state. Oregon Department of Veterans’ Affairs (ODVA) loans are conventional loans, different from federal Veterans Administration (VA) loans. Federal Veterans Administration (VA) forms and disclosures do not apply.

Portland Housing Bureau Home Repair Loan

Detail Verified 2/14/17 - Last Updated 9/15/15

Portland Housing Bureau Home Repair Loan is a 0% interest loan up to $40,000 for critical repairs to improve the health and safety of the owner occupants.

VA Loans/Native American Veterans on Trust Lands

Detail Verified 2/14/17 - Last Updated 6/15/15

A program available to Native American veterans who wish to purchase or construct a home on trust land. A VA direct loan can be used to purchase, construct, or improve a home on Native American trust land. The maximum loan amount is the same as the Federal Home Loan Mortgage Corporation (also known as “Freddie Mac”) single-family conforming loan limit. That limit is currently $417,000 for loans made on Federal Trust land located in the 48 contiguous States and $625,000 for loans made on Federal Trust land in Alaska, Hawaii, and the South Pacific. Contact a VA office with loan activities for information regarding the current loan limit and any other questions you may have.

VA now will accept properties with a PACE lien.  See HERE for policy guidance.

VA Special Housing Adaptation Grant

Detail Verified 2/14/17 - Last Updated 9/29/16

A benefit program for the veterans and servicemembers who have service-connected disabilities. The disability requirements for this program are more stringent than the Specially Adapted Housing Grant. Veterans may be entitled to a grant subject to program eligibility requirements for the purpose of acquiring a land, constructing an adapted home, or modifying an existing home to meet their mobility needs. The goal of the Special Home Adaptation (SHA) grant program is to provide a barrier-free living environment that affords the veterans or servicemembers a level of independent living he or she may not otherwise enjoy.

VA now will accept properties with a PACE lien.  See HERE for policy guidance.

VA Specially Adapted Housing Grant

Detail Verified 2/14/17 - Last Updated 9/29/16

A benefit program for the veterans and servicemembers who have certain service-connected disabilities. The disability requirements for this program are less stringent than the Special Housing Adaptation Grant. Veterans may be entitled to a grant subject to program eligibility requirements for the purpose of acquiring a land, constructing an adapted home, or modifying an existing home to meet their mobility needs. The goal of the Specially Adapted Housing (SAH) grant program is to provide a barrier-free living environment that affords the veterans or servicemembers a level of independent living he or she may not otherwise enjoy.

VA now will accept properties with a PACE lien.  See HERE for policy guidance.

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