USDA Rural Development Section 502 Direct Loan (Oregon)
USDA Rural Development Section 502 Direct Loan (Oregon) is a below-market direct mortgage with payment subsidy from USDA Rural Development - Oregon Office. Coverage: USDA-eligible rural areas of Oregon. Income limit: Low-income (50-80% AMI) and very-low-income (<50% AMI).
Amount varies by program
Listed as open as of May 26, 2026
Coverage: USDA-eligible rural areas of Oregon.
| Income limit | Low-income (50-80% AMI) and very-low-income (<50% AMI) |
|---|---|
| Minimum credit score | 640 |
| Homebuyer education | Required |
| Occupations | Any |
| Sales price cap | Area loan limits |
| Amount notes | Up to 100% financing; payment subsidy reduces effective interest rate to as low as 1% |
| Notes | 16,075 active loans in Oregon; 84%+ went to first-time buyers. |
| Phone | 503-414-3300 |
Cal has not re-checked this listing recently. Confirm the current terms with the program administrator before relying on them.
Provider: USDA Rural Development - Oregon Office · program details at the provider’s site.
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