ODVA Loans

Loans for Oregon veterans and active military

ODVA Loans

Giving back to our Oregon heroes.

Are you active-duty military or a U.S. Veteran and Oregon resident looking to purchase home while taking advantage of a unique VA benefit?

The ODVA Advantage

Advantage Mortgage proudly offers Oregon's distinct ODVA loan program. Oregon is one of only five states in the USA that offers a veteran home loan program such as this. This Oregon benefit is separate and distinct from the federal VA Home Loan Guaranty and has loaned to over 334,000 veterans since 1945. This loan program's main benefit is the low interest rates it provides. Unlike VA Loans, ODVA Loans require at least 5% down.

Get Started

We will ask you a series of questions to see if ODVA is right for you.

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Loan Amounts up to:


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Credit Scores as low as:


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Minimum Down Payment:


ODVA Features & Qualification

  • Offers interest rates typically lower than other loan options
  • Fixed and adjustable rate mortgages available
  • Can be used for owner-occupied single-family residences
  • No prepayment penalties
  • Can only be used to purchase a property, no refinancing is available
  • ODVA Loans are conventional loans and they are not associated with the federal VA Home Loan Guaranty

Who can benefit?

  • Eligible veterans (who were honorably discharged) and Oregon residents, for the purchase of a home for personal occupancy. For ODVA housing loan purposes, the term “veteran” includes certain members of the selected reserve/active-duty service personnel/and certain categories of spouses
  • Eligible veterans and Oregon residents who are looking for their lowest rate option while simultaneously taking advantage of their VA benefits

Is ODVA right for you?

Questions about ODVA? Let me help!


Michelle Myhrvold Roy

Business Development | NMLS #220568

(503) 970-4700  


Advantage Loan Finder Interested in learning about other loan programs? Visit the

Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates and conditions are subject to change without notice. Some products and services may not be available in all states.