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Down Payment Assistance

0% Down DPA Program

Here's How it Works:

  • First lien mortgage of 97%

  • Second lien mortgage for 3% of the purchase price, up to $15,000

  • Second lien has no monthly payment requirement and no interest accrues or is paid

  • Second lien balance is due when the first lien loan is refinanced or paid off, whichever comes first

  • Payments on the second lien can be made throughout the loan term, but are not required

How Borrowers can Qualify:

  • Borrowers must be at or below 80% of the Area Median Income (AMI) for address of the property they are buying and meet Home Possible guideline requirements

    • ​620+ FICO and LTV must be equal to or greater than 95% LTV, up to 97%


  • At least one borrower must be a first-time homebuyer and meet HomeOne and lender guideline requirements

    • First-time homebuyer is defined as someone who has not had ownership interest in a home in the last 3 years.​

    • 700+ FICO and LTV must be greater than 95%, up to 97%

For more info/find out if you qualify > CLICK HERE

Down Payment Assistance (DPA)

Oregon Down Payment Assistance FAQs

What is down payment assistance?

Down payment assistance programs, also known as DPA, provide funds to help cover some or all of your down payment, closing costs, or both, to buy a house.

How do down payment assistance programs work?

There are a number of city and county government programs available to help meet affordable housing needs throughout Oregon, to get more info on these programs, and get more info on down payment assistance in Oregon check out the Oregon Gov site > Oregon Gov DPA Info. There are also down payment assistance programs in Oregon available through various lenders (which mine is)Either way below is a description on the various types of down payment assistance in Oregon you'll find:

Types of closing costs and down payment assistance vary by program but common forms include:

  • Grant: This is an outright gift of money.

  • Zero-interest/forgivable loans: The loan for this type is forgiven over a certain period. The money will not need to be paid back if you still own and live in the home after the period is over.

  • Zero-interest/deferred-payment loan: Terms and conditions vary depending on the program but usually payments on the down payment loan aren't due until the home is sold, you refinance the home, or the mortgage reaches the end of the term.

  • Low-interest loan: Loan that must be repaid over a certain period, such as 10 years.

What type of down payment assistance do you offer?

We offer a 1% down forgivable DPA and 0% down second lien option.

Who can get down payment assistance?

The program is for first-time home buyers who are at 80% or less than the AMI (area median income). CLICK HERE to type in your zip code and find out the AMI.


Who is an ideal candidate for the down payment assistance you offer?

My program helps people who have good stable jobs with decent income but for various reasons haven't been able to save the necessary down payment funds. It can help someone get in a home a year or two earlier than they might have otherwise.

Todd Davidson Info

Business Address

25195 SW Parkway Ave #204

Wilsonville OR 97070

NMLS #2003696



Opening Hours

Mon - Fri

8:00 am – 8:00 pm


9:00 am – 12:00 pm


9:00 am – 12:00 pm

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