Q.     How much will I save using OEHB?

A.     That will depend upon which services you use.  We offer a wide-variety of savings in relocation, mortgage financing, and real estate services that can amount to a substantial savings for you.

Time - We have coordinated a team of experts to assist you.

Our Home Mortgage department offers a wide variety of loan packages designed especially for educators through our partnership with some of the best mortgage lenders in Oregon.  Our partnerships require lenders to give discounts to Oregon educators, and their family members.  These discounts can amount to a substantial savings on your loan.  On a typical mortgage these discounts will normally reach over $1,000, and often much higher.  We typically gather information and pass it on to 2-3 lenders, who will then contact you.  After that it is up to you which lender you choose, based on which one you feel offers you the best lending package.

Our Relocation department offers many discounts, including moving, car rental, hotels and motels, and dining.  We are constantly adding services and discounts in many areas of the state, and in most cases, we can tailor these services and discounts to your needs.  Because we are partnered with Prudential Real Estate Professionals, we have the ability to relocate anyone to Oregon from anywhere in the world, and therefore our services and discounts can add up to a substantial amount, not to mention the peace of mind of having every detail of your move taken care of for you.

In addition to the discounts and services listed above, our Partners in Education program will contribute $100 in your name to the school of your choice.  This contribution is done at the closing of your home purchase.

Q.    Can I use my own real estate agent or a different finance company?

A.   No, to receive our complete package of services and discounts, you would need to use Prudential Real Estate Professionals for your home buying and selling, and one of the lenders that we have partnered with.  Using another real estate or mortgage company would mean that we could not offer you our complete services and discounts.  To find out more, click on our Next Steps page. The OEHB Package included coordinated discounts through specific providers.

Q.     Are there any fees charged for OEHB services?

A.      Our real estate homebuying and many of our mortgage services are absolutely free.  OEHB will never charge you for our services.  Our mortgage lending partners do make money on their services they provide, but at a greatly discounted price to Oregon educators. 

Q.     Do I have to be a teacher?

A.   No.  OEHB benefits are available to ALL school employees because we believe that the term “educator” applies to all school employees - from staff to teachers to administrators - and their immediate families.

Q.     What if my credit isn’t that great?

A.    Almost everyone has a ding on his or her credit.  We understand student loans, and circumstances that result in credit dings.  In most cases our mortgage lending partners will be able to find you loan package that will work, but in some cases we might advise you to wait and show you how to be in a better position to buy a home at a later date.

Q.     Can an OEHB agent show me any property available on the market?

A.   Absolutely!  Your assigned agent can show (and sell) you any property available in your area.  Properties offered by all real estate companies are listed on the Multiple Listing Service (MLS) and can be sold by any licensed real estate agent.  The only exception is For Sale By Owner (FSBO) properties, but even with FSBOs, your agent can help you.

Q.     Is this program only for first time homebuyers?

A.   Absolutely not!  We do have programs available for first time buyers, but the majority of our programs are available to all educators.

Q.     What if I don’t have money for a down payment?

A.    There are numerous financing programs that you may qualify for that don’t require any downpayment.  Some even require little or no closing costs out of your pocket!

Q.     Is the program only available in the major cities in Oregon?

A.    No.  We offer most of our services and discounts to any educator, any place in Oregon.

Q.     What if I have a home to sell?

A.   Not a problem.  Our relocation department can coordinate the sale of your existing home and the purchase of your new home, as well as help you with discounts on moving, inspections, and more.

Q.    How do I find out if I really can buy my own home?

A.   The first thing you need to do is give us a call.  We’ll set up an appointment for you with the OEHB representative, and they will guide you through the process from there.

Q.    Is OEHB a non-profit corporation?

A.  No.  We are an Oregon corporation who has partnered with Prudential Real Estate Professionals and various lenders.