Ore. Department of Veterans' Affairs
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News Releases
Oregon Announces New Rates for Veteran Home Loan Program - 01/28/22

The Oregon Department of Veterans’ Affairs (ODVA) has announced a rate reversion to its low-interest rates on its home loan products. This reversion is a return to the previous rate and fee structure established prior to October 2021. 

The Oregon Veteran Home Loan Program, which has been one of ODVA’s core veteran services since the agency’s inception in 1945, is now offering new rates tailored to the borrower’s program and the amount of fees paid, which went into effect Wednesday, January 12. The new interest rates can be seen in the linked rate sheet.

The Home Loan program offers eligible veterans fixed-rate financing for owner-occupied, single-family residences up to the newly increased Federal Housing Finance Agency Limit of $647,200 as of January 1, 2022. This maximum loan amount accommodates purchases within the median home price values statewide. 

The veteran home loan product is a non-expiring, lifetime benefit for any eligible Oregon veteran and may be used up to four times. The program provides financing for purchases only, and cannot be used for refinancing.

This Oregon benefit is separate and distinct from the federal VA Home Loan Guarantee and has lent approximately $8.2 billion in low-interest home loans to more than 336,000 veterans since 1945.

To be eligible, a veteran must have served on active duty with the U.S. Armed Forces, as documented on his or her DD-214, and must meet one of the service criteria outlined on ODVA’s website

For more information about the Oregon Department of Veterans’ Affairs Home Loan Program, program eligibility, or to find a broker near you, please call (800) 633-6826 to speak with a loan specialist or visit www.orvethomeloans.com.

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Oregon Department of Veterans' Affairs Awards Nearly $1 Million to Local Veteran Service Providers - 01/12/22

The Oregon Department of Veterans’ Affairs is pleased to announce the award of nearly $1 million in grant funding to support a range of robust and innovative local veteran service efforts and key projects to improve veterans’ access to transportation, housing, health care and other vital services across the state.

ODVA received 31 proposals from across Oregon, totaling more than $3.3 million in requested funds. Of these, 21 organizations received awards, ranging from $7,500 to $99,000 for the one-time grants. The projects were selected through a thoughtful and deliberate process by an evaluation committee composed of members of the Oregon Veterans’ Affairs Advisory Committee, representatives of Oregon’s national service organizations, as well as veterans and other partners from across the state.

Grant funds will provide additional resources that enable organizations to offer services to veterans at no cost, that help improve outcomes in areas such as health or behavioral health care, housing security, employment opportunities or stability, education and training opportunities, transportation accessibility, or other critical services within a community. The Veteran Services Grant Program is made possible by funding from the Oregon Lottery through Measure 96, which voters approved overwhelmingly in November 2016.

“ODVA is thrilled to be able to support the work of so many worthwhile organizations throughout the state of Oregon, who are working tirelessly to increase the availability of needed resources for veterans within their own communities,” ODVA Director Kelly Fitzpatrick said. “With the continued economic, educational, behavioral health, housing and other challenges exacerbated by the COVID-19 pandemic, we rely on these partners now more than ever to help ensure every veteran in our state has access to the benefits, resources and services they’ve earned.”

The Veteran Services Grant recipients for the 2022-23 cycle are:

 

Organization                                                                                            County                              Amount

American Military Encouragement Network (AMEN)                      Clackamas                             $64,389

Chadwick Clubhouse                                                                              Douglas                              $43,677

Clackamas County Children Family & Community 

Connections Workforce Programs                                                       Clackamas                              $74,871

Community Counseling Solutions             Grant, Morrow, Wheeler, Gilliam, Umatilla              $7,500

Crossroads Communities                           Linn, Polk, Marion, Clackamas, Washington       $32,340

Easterseals Oregon                       Multnomah, Douglas, Lane, Jackson, Josephine, Yamhill          $99,000

Fort Kennedy                                                              Clackamas, Multnomah, Washington       $35,000

Linn County Veteran Services                                                               Linn                                     $11,000

Mid-Willamette Valley Community Action Agency                           Marion                               $50,000

National Alliance on Mental Illness (NAMI) Multnomah                 Multnomah                             $45,000

NeighborWorks Umpqua                                                                      Douglas                              $34,650

Northwest Outward Bound School (NWOBS)                                    Multnomah                             $16,000

NW Veterans in Technology                                                                 Multnomah                              $72,000

Operation Rebuild Hope                                                                       Coos                                  $67,509

Project ABLE                                                                                            Marion                             $61,124

Solid Ground Equine Assisted Activities & Therapy Center             Klamath                              $58,254

Southwest Oregon Veterans Outreach Inc.                                       Coos                                  $14,024

St. Andrew Legal Clinic                                                                          Multnomah                            $63,390

St. Vincent de Paul Society of Lane County Inc.                                Lane                                   $17,500

Washington County Disability, Aging and Veteran Services            Washington                              $39,600

Yamhill County Health & Human Services                                          Yamhill                               $30,720

 

To learn more about the Veteran Services Grant or other grant opportunities available through ODVA, visit www.oregon.gov/odva. Veterans and families seeking claims and benefits assistance are encouraged to contact their local county or tribal veteran service office. A full listing of veteran service offices can be found at www.oregon.gov/odva.

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