Oregon Housing Flex Lending: FirstStep vs. NextStep

Which Path Is Yours?

At Kind Lending, we're not about cookie-cutter mortgages; we're about options, empowerment, and bold moves toward homeownership. Oregon Housing's Flex Lending programs are designed to do exactly that, with two standout offerings leading the way: FirstStep and NextStep.

Let’s break down these twin powerhouses and help you figure out which one gets you closer to your dream home.

Affordable Access for All

Whether you're just starting your homeownership journey or getting back in the game, Oregon Housing’s Flex Lending programs are here to flex around your needs. They offer:

• Competitive interest rates

• Down payment assistance (DPA)

• Fixed-rate 30-year mortgages

• No prepayment penalties

FirstStep: Your Launchpad to First-Time Homeownership

Who it’s for:

• First-time buyers (or those who haven’t owned a home in 3+ years)

• Moderate-income households

• Buyers looking for lower rates and more support

The Perks:

• Lower interest rates than traditional lending

• Generous down payment assistance options

• Can be paired with grants or savings programs

• Income limits apply (but they’re pretty friendly!)

NextStep: Comeback Season for Repeat Buyers

Who it’s for:

• Buyers who’ve owned a home in the last 3 years

• Repeat buyers needing help getting back on their feet

• Homeowners transitioning after life changes

The Perks:

• Flexible credit and income guidelines

• Same great DPA options as FirstStep

• Competitive rates (even if it’s not your “first rodeo”)

The Common Denominator? Support.

Both FirstStep and NextStep are part of Oregon Housing’s mission to make homeownership possible, practical, and powerful. The real win? You don’t have to do it alone. When you pair these programs with Kind Lending’s out-of-the-box energy, tech-forward service, and people-first attitude, you’re not just buying a home, you're starting a whole new story. Ready to get started? Contact us today!

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