What ODVA currently offers
ODVA describes the home loan as a state benefit, separate and distinct from the federal VA Home Loan Guaranty. The program currently offers eligible veterans fixed-rate financing for an owner-occupied, single-family residence, up to the Fannie Mae limit. It is purchase only. Refinancing is not available. The lifetime benefit is up to four home loans.
We do not publish a rate, a dollar limit, or a fee schedule on this page. ODVA sets those terms. We originate the loan as a broker. We are not the Oregon Department of Veterans’ Affairs.
Eligibility is ODVA’s
Whether a veteran qualifies is decided by ODVA, not by this website. A federal VA Certificate of Eligibility is a different benefit. It does not, by itself, establish eligibility for the Oregon program. If ODVA has established eligibility, the home still has to be in Oregon.
Oregon homes only
Arrow serves Oregon and Washington. ODVA does not. The property has to be an owner-occupied home in Oregon. A purchase in Washington can still use conventional, FHA, federal VA, jumbo, or Non-QM. It cannot use this program.
Federal VA, which we also originate in both states, is explained on the VA home loan page.