First-time Homebuyer Savings account

To help make homeownership more affordable, the First-time Homebuyer Savings account program allows Oregonians to take a state tax deduction on money saved towards the purchase of their first home. See disclosures, rates and fees.

Locate a branch | Open a First-time Homebuyer Savings account

Features of the First-time Homebuyer Savings account

  • Learn more about regulatory details here at the Department of Revenue limits and conditions section.

  • No monthly fees

  • Federally insured by NCUA up to $250,000

  • Offers State of Oregon tax advantages for qualified savers

  • Funds may be used within 10 years of account opening for the following loan-related costs:

Locate a branch | Open a First-time Homebuyer Savings account

 

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