Oregon Home Buying Guide
West Region · Non-Judicial Foreclosure State
Key Facts at a Glance
What Makes Oregon Unique
No transfer tax
Measure 5 caps education property taxes at 1.5%
Portland market has cooled from 2021 peaks
First-Time Buyer Programs in Oregon
OHCS Oregon Bond Residential Loan
Contact your state housing finance agency for current eligibility and rates
OHCS Cash Advantage
Contact your state housing finance agency for current eligibility and rates
Rate Advantage Program
Contact your state housing finance agency for current eligibility and rates
Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.
Closing Costs in Oregon
Attorney at Closing
Attorney Not Required
Oregon does not require an attorney at closing. A title company typically handles the transaction. Consider hiring one anyway for complex deals.
Local Tips for Oregon Buyers
No transfer tax is a meaningful closing cost savings.
OHCS Rate Advantage offers below-market 30-year rates.
Willamette Valley and Bend markets are highly desirable.
Estimated Annual Ownership Cost in Oregon
Based on the median home price of $490,000 with a 10% down payment and 7% mortgage rate.
Ready to Calculate Your Numbers?
Use our free calculators to estimate your monthly payment, affordability, and closing costs in Oregon.