Hood River Down payment Assistance Program Guidelines

  • Current income limit is $76,800               Current Loan amount up to $15,000


  • Loans will be awarded to qualified applicants as funds allow, based on receipt of firm commitment letter from lender
  • Can be used for down payment and closing cost assistance
  • Income limits Income includes all income from household members over the age of 18.
  • Can be combined with $15,000 Veteran’s Down payment program, if qualified
  • Loans are restricted to homes purchased in Hood River County in Oregon
  • First time homebuyers. (No homeownership in the last 3 years)
  • Must be owner occupied


  • Up to $15,000 Note and Deed of Trust will be used (in 2nd position)
  • Loan is forgivable by 20% per year, starting one year after closing and will have no balance after the 5th year
  • Mobile homes OK, if land is purchased
  • Recipients must take Homebuyer class offered by Mid-Columbia Housing Center prior to purchase
  • Recipients must attend at least 1 one-on-one counseling session with CCHC staff
  • Buyers can have no more than $30,000 of liquid assets after closing

– Retirement accounts such as IRA’s and 401Ks are exempt

  • No other real property can be owned at the time of closing
  • Closing must be completed through Escrow
  • Home must have a professional Home Inspection completed


For additional information contact: David Peters or Mario Heredia at 541-296-3397 Habla Espanol

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