ODVA Home Loans: A Unique Benefit for Oregon Veterans
The Oregon Department of Veterans’ Affairs (ODVA) offers one of the most powerful state-level veteran home loan programs in the country — and it’s only available to veterans buying a home in Oregon.
What Makes ODVA Loans Different?
Unlike federal VA loans, ODVA loans are state-funded, which allows for:
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Competitive interest rates (often better than market)
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No private mortgage insurance (PMI)
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No funding fee
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No maximum loan amount (loan limits are based on qualifications)
ODVA is a standout option for Oregon veterans who don’t meet federal VA loan criteria or want a local program with different terms.
🎥 Watch: ODVA Home Loans Explained
I break down how ODVA loans work, how they compare to VA loans, and who qualifies. If you’re a veteran buying in Oregon, this is worth a look.
ODVA Loan Eligibility
To qualify, you must:
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Be a U.S. Armed Forces veteran with honorable discharge
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Have served at least 6 years in a Reserve or Guard component, or any length of active duty service
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Purchase a home located within Oregon
You do not need to use a federal VA entitlement to access an ODVA loan.
Property Requirements
Eligible properties include:
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Single-family residences
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Condominiums
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Manufactured homes (with land)
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Up to 20 acres of land
Key Benefits
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🏠 No PMI
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💸 No funding fee
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📈 Fixed-rate terms
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🗺️ Exclusive to Oregon homes
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🔒 Potentially lower rates than federal VA loans
Areas I Serve
I’m licensed in Oregon, Washington, and Idaho, but ODVA loans are only available for homes located in Oregon. Whether you’re buying in Portland, Salem, Bend, Eugene, or rural parts of the state — I can help you explore ODVA financing.
Let’s Talk Strategy
Not every lender can originate ODVA loans, but as a local mortgage broker with 25+ years of experience, I can walk you through this program in plain terms.
We’ll compare it to your other options — including VA and conventional — and see what gets you the best rate and lowest overall cost.
Need Help?
Let’s find out if the ODVA program fits your situation. Schedule a consultation or give me a call — no obligation, just real answers.
