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The City of Portland, Oregon

Portland Housing Bureau

Solving the unmet housing needs of the people of Portland.

Phone: 503-823-2375

fax: 503-823-2387

421 SW 6th Avenue, Suite 500, Portland, OR 97204

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Eligibility and Terms

To apply for the Home Purchase Assistance Program (HPAP), please contact an Approved Lender.  

Homebuyer Eligibility & Requirements 

To qualify for the HPAP:

  • The buyer does not have to be a first-time home buyer
  • Borrowers may not have an ownership interest in another property at the loan closing.
  • First-Time homebuyers are required to complete Homebuyer Education
  • Buyer(s) income cannot exceed 140% AMI (currently $113,960) regardless of family size
  • No max household income
  • Borrower must contribute a minimum of $1,000 or 1% of purchase price, whichever is lower
  • Borrower contribution can come from gifted funds
  • Non-occupying co-borrowers and Co-signers are not allowed
  • Meet 1st Mortgage lender’s loan requirements
  • Have a minimum mortgage credit score of 620 (subject to lender approval)

Eligible Property Requirements

Eligible properties:

  • Must be located within the City limits of Portland, OR. See www.portlandmaps.com to confirm jurisdiction eligibility.
  • Are not limited to specific Portland Urban Renewal Areas.
  • Must be 1 unit primary residence, Condominiums, PUDs, & Townhomes
  • 2-4 units and manufactured homes are not eligible
  • No purchase price limit, but first mortgage loan limit of $453,100

Assistance Terms

  • Assistance is up to 7% of first mortgage
  • Assistance is wrapped up into a silent second mortgage which is forgiven monthly pro rata over 10 years