Oregon Bond Program
Oregon Bond Mortgage Program
An Oregon Bond is a loan program available to Oregon residents who wish to purchase a new home. This Conventional or FHA loan program has two advantageous options. You may choose to either reduce your transaction fees or receive a lower interest rate on your loan.
With this subsidized loan, the state of Oregon guarantees payment of your loan on your behalf if you fail to repay. Upon the sale of your house, you may be subject to a full-to-partial repayment penalty. This factor will vary depending upon how soon you sell, as well as your income and the value of your home at the time of sale.