The ODVA offers a state veterans’ home loan that is a separate benefit from the Federal VA Home Loan Guaranty Program. The program is designed to provide Oregon veterans with a generally well-below market interest rate. ODVA uses federal bonding that is only available to state home loan programs to achieve the rate reduction.
If you have served 180 days of continuous active duty service or combat service you may qualify for an ODVA mortgage. An Associated Mortgage Brokers originator will be able to assist you in determining your eligibility.
*Please Note: The program only applies to purchases, not refinances. The current maximum loan limit is $417,000 for an owner-occupied single family residence.
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