Homebuyer Eligibility

Come Home to Gresham 

You may be eligible to apply for a loan through the program if:

Your household income is no higher than the following limits, based on the size of your household: 

1 Person $61,300
2 Person $70,100
3 Person $78,850
4 Person $87,600
5 Person $94,600
6 Person $101,600
7 Person $108,600
8 Person $115,650
  • You qualify for a conventional fixed-rate 30 year first mortgage from a lender compliant with the FDIC Statement on Subprime Mortgage Lending. 
  • You have completed an approved homebuyer education class.
  • You would not have more than $15,000 in liquid assets (not including retirement accounts) after loan closing. 

Education

Before receiving a loan through the program, you will need to complete a HUD-approved homebuyer education class. Three local organizations that offer homebuyer education classes include:

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