OAR 813-022-0060: Eligible Borrowers and Residences

(1) A borrower is eligible for a mortgage loan under the program if they meet the eligibility requirements set forth in the OHCS Flex Lending Program's NextStep Product Guideline Manual. (2) A residence is eligible for a mortgage loan under the program if: (a) The property is residential property located in Oregon; (b) The property contains one to four residential dwelling units. (c) The property is structurally sound and functionally adequate; and (d) The property meets the requirements of the Department’s Servicer.