Down Payment Assistance Loans

Down Payment Assistance Loans

Veterans, buying your first home may be easier than you think.

Up to $15,000 of no-interest loans are available for Veterans to help with down payment or closing costs for first-time homebuyers in Coos, Curry, Douglas, Klamath, and Lake counties. This loan does not have to be repaid until you sell, move, or refinance your home

  • Funding can be used for closing costs or down payments
  • No-interest loan
  • No monthly payment: payments not due until you sell your home
  • Easy to apply and pre-approval available
  • Single-family homes, condominiums, and manufactured homes may be eligible

You may be an eligible homebuyer if:

  • You are a first-time homebuyer
  • You are purchasing a single-family home in Coos, Curry, Douglas, Klamath, or Lake Counties
  • You have completed or are willing to complete a HUD-certified homebuyer education course
  • Your total household income is below the family income limit for your county (see chart below)

2020 HUD Income Limits –
Area Median Income
for Families

CountyFamily Median Income Limit
Coos$57,300
Curry$61,400
Douglas$58,500
Klamath$60,900
Lake$51,000

One of our customers, a veteran, achieved homeownership after a long journey serving in the Marines. Read the story

Loan Terms:

Loan is in place as long you own and occupy your home, or until you refinance your home. You will be required to pay the loan in full when you move, sell or refinance.

Amount – up to $15,000
Interest Rate – no-interest
Monthly Payment – no monthly payment

“Homeownership would have been impossible without NeighborWorks Umpqua! I am definitely low income and I was worried that homeownership might be out of my reach.”
J.B.
Customer

This program is made possible through funding from:
Oregon Housing and Community Services (OHCS) Down Payment Assistance Program.

Down payment assistance request

Phone: 541-673-4909

DPA Request

Ready for
pre-approval?
Contact us or call:
541-673-4909

If you are ready for pre-approval, have your documents ready. 
Download checklist.

Roseburg Office: 605 SE Kane St., Roseburg, OR 97470, (541) 673-4909, FAX # 541-673-5023
North Bend Office: 1992 Sherman Ave., North Bend, OR 97459, (541) 756-1000

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