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. If you have not owned or purchased a single-family home in the last three years, you are eligible. The First Time Home Buyers Savings Account can be set up at any of our branches, and must be opened before December 21, 2026.  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

 

Go to main navigation