Downpayment Grants for Home Buyers

Stephen FitzMaurice, Realtor writes annual reports on available home buyer downpayment grants. Some of these grants are available for first time home buyers while others are still available for repeat home buyers. Most of the available downpayment grants will have income limits. Whenever you’re ready to buy a home, Stephen’s partner and buyer’s specialist Kami Price, licensed since 2004, is ready to assist you in any market.

If you’re considering buying a home in the next twelve months, Kami Price, buyers specialist would love to hear what you’re looking for. Call today to set an appointment.

Kami Price, Realtor
Represented Hundreds of Buyers
Licensed Since 2004
503-773-0000

Down Payment Assistance Programs for Home Buyers in 2023

March 10, 2023

Preparing to buy a home for the first time can be a daunting prospect with all of the factors to consider and steps to complete, not to mention the large financial investment involved in the initial downpayment. Because this is often the part of the home buying process that buyers either find most intimidating or that discourages them from homeownership altogether, we’d like to highlight the many financial assistance programs that are available to help make the dream of homeownership a reality. We’ve done the work of sifting through the federal, state, county and city programs to share the best down payment programs available in the Portland metro area. These programs apply to a range of income levels, so you...

Down Payment Assistance Programs for Oregon Home Buyers 2022

January 28, 2022

The process of buying a home can seem daunting to first-time buyers with all its jargon and deadlines, not to mention the fast pace at which it oftentimes moves. And how many people have a nest egg sitting around large enough to meet the typical cost of a down payment? If you dream of owning a home and think you’ll never make it a reality because you can’t imagine pulling together a down payment, have heart. There’s help out there. We searched for available programs for potential Portland home buyers and found a few designed to encourage home ownership, no matter your income level. You might be surprised to find that you qualify for more than one of these programs...

Explained: New Legislation Promises Aid (Downpayment Money) for First Time Homebuyers

May 10, 2021

It’s here, as promised during President Biden’s campaign. Congress is on the cusp of considering two new pieces of legislation to promote equity in housing and first-time home ownership. Both drafts target lower income households. And with good reason: as we recently covered, home prices are up a jaw-dropping 12%. With home prices skyrocketing, legislators are looking into new ways to incentivize and enable socially and economically disadvantaged groups to make the leap into home ownership. If they come to fruition, these proposals would go beyond existing downpayment assistance programs. But how far beyond? And who qualifies? Let’s take a look and compare these two pieces of legislation. The First-time Homebuyer Act The First-time Homebuyer Act secures a $15,000 tax...

Down Payment Assistance Programs and Grants for Home Buyers: 2021 Update

February 6, 2021

We know the home buying process can seem obscure, even formidable. But one of the great benefits of navigating the Portland real estate market is that so many programs are in place to help out first time home buyers and encourage home ownership regardless of income level. If you dream of buying a home of your own but feel like you don’t have the funds – think again. It’s very possible you may qualify for a number of down payment assistance programs that can give you a foot in the door to your new home. Down payment assistance programs are a murky territory, though. They come at federal, state, county, and city levels (often with overlapping stipulations). Today we’ll lay...

First Time Homebuyer Loans, Downpayment Grants, and More – 2020 Update

May 15, 2020

Is 2020 your year to buy a home in Portland? Making the leap from renter to homeowner is possible even if you don’t have the traditional 20% down payment. From below-market interest rates to help from private investors, there is assistance available for all first time homebuyers. Read on for our updated list for 2020. First, some definitions: First time home buyer: Any individual who has not owned and occupied a primary residence in at least three years. Cash assistance: A sum of money that you don’t have to pay back, that goes toward the down payment on the home. This is sometimes also referred to as a grant. FHA (Federal Housing Administration) loan: A loan backed by the federal government,...

Must Know! First Time Home Buyer Grants, Loans, Programs – 2019 Guide

July 12, 2019

As real estate agents, we love helping clients transition from renting to becoming first time home buyers in the Portland real estate market. The biggest hurdle to making that happen is the first time home buyer down payment. Second-biggest is probably making that monthly mortgage payment! Either way, there are first time home buyer loan programs out there to help, whether they’re from government agencies, private non-profits or individual lenders. Keep in mind that the following list of home buyer assistance programs is just a starting point. Financing your home purchase is a complicated series of decisions, and there are scams out there! That’s why we recommend home buyer education, whether you’re a first-time buyer or you’re re-entering the market....