Description
The Oregon Housing and Community Services Department (OHCS) is opening the Flex Lending Program to qualified mortgage lenders who can originate, fund, and sell residential purchase‑money mortgages for Oregon homebuyers. Applicants must be licensed, maintain a physical presence in Oregon (or within 50 mi of the border), meet financial‑strength thresholds, provide extensive documentation, and hold the required insurance and bonding. The program runs for an initial one‑year term with automatic renewal up to a total of ten years, and lenders receive a servicing‑release premium for each loan sold.
• Eligibility: Oregon‑licensed mortgage lender with staff or office in Oregon (or ≤ 50 mi from the border).
• Required Deliverables: Full application package (corporate resolutions, financial statements, licensing evidence, insurance/bond certificates, QC policies, disclosures, etc.).
• Timeline: Pre‑application conference June 30 2026; questions due July 2 2026; portal opens July 7 2026 9 AM; final application submission by July 7 2026 4 PM.
• Financials: No fixed contract value; lenders earn servicing‑release premiums per loan and may charge borrowers fees per the Program Manual.