Clackamas Homebuyer Assistance Program (CHAP)
The CHAP Program can loan up to $14,000 to help qualified first-time homebuyers pay for downpayment and reasonable closing costs. CHAP loans are zero-percent interest deferred-payment loans. Follow these steps to apply for a CHAP loan:
- You (the Buyer) must complete a County-approved eight-hour homebuyer education class. You may take a class through the Portland Housing Center , Hacienda CDC or NAYA. Other training options can be found on this list of training classes. The County may approve an online class if it is combined with one-on-one homebuyer counseling.
- The Buyer and your Lender must attend a one-hour HOMEBUYER ORIENTATION at Clackamas County Community Development. REGISTRATION REQUIRED!!! The next classes are:
Tuesday June 25 -- 4 p.m. to 5:30 p.m.
Tuesday July 9 --8 a.m. to 9:30 a.m.
Tuesday July 23-- 4 p.m. to 5:30 p.m.
Email us to register In the email message, provide your name, phone numbers, the date you plan to attend and where you completed your homebuyer training (see step 1). You can also call our main number to register 503-655-8591.
- The Buyer must get pre-qualified for primary financing by an Oregon-licensed lender
- Your mortgage Lender must contact Community Development for a current CHAP application packet
- The Buyer shops for an eligible property --- finds a house that is in good condition
(Use this guide to help you learn how to look for problem areas in a house)
- Buyer and Seller sign a purchase/sale agreement and these required CHAP forms:
- The Buyer orders and pays for whole house inspection and pest & rot inspection
- The Lender submits application packet to Clackamas County Community Development
- Allow a minimum of 30 days from submission of a complete application packet to closing
- Allow a minimum of 5 business days from submission of the "Pest & Rot" report and the request for a home inspection to property inspection by this office
- Be a “first-time homebuyer”. HUD defines a first-time homebuyer as someone who:
- has not owned a home during the past 3 years, or
- is a displaced homemaker, or
- is a single parent.
- Be low-income -- see chart below.
- Demonstrate a financial need for CHAP assistance.
- Be a US citizen, non-citizen national or a qualified alien.
- Complete a homebuyer education program approved by the County.
To be a "Qualified Borrower", the homebuyer must:
- Have sufficient income to qualify for and support the primary debt.
- Be pre-qualified by a primary lender. (Contract sales are not allowed.)
- Have good credit.
- Contribute $1,000 in cash toward the purchase from the buyer’s own funds.
HUD Income Limits for 2013
|Number in Household||80% of Median|
- Be located in Clackamas County
- Have a purchase price less than $246,168 (limit as of March 2012)
- Meet the definition of affordable, standard single family housing (a single unit)
- Meet property standards and pass an inspection by the County
- Be free of chipped or peeling paint if the house was built before 1978
- Not be occupied by a tenant (unless the buyer is the tenant)
The CHAP program is funded by a grant from the federal Department of Housing and Urban Development (HUD). The program is subject to funding availability. Homes purchased through the CHAP program must be the primary residence of the homebuyer. Other program requirements apply.