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Loan Preservation Assistance (LPA) Program (First Lien) Questionnaire 


Question (1 of 17)
  • The following questionnaire will help you to determine your eligibility for the Loan Preservation Assistance Program. This is not an application to the program.

    If after taking this questionnaire you think the program is right for you, click the "Apply Now" button at the bottom of the page to be taken to the online application.

    Do you currently have a mortgage on your home?

    If you are a renter or a homeowner without a mortgage, you are not eligible for the Loan Preservation Assistance Program.

  • Is your home owner-occupied and your primary residence?

    To be eligible for the Loan Preservation Assistance program, homeowners must currently live in their homes. It is acceptable to have renters within the home, but the homeowners must also currently reside in the home.

  • Is your home a one-unit, single-family residence?

    Condominiums, townhouses, and multi-family residences with 2-4 units are eligible, as long as one of the units is owner occupied. Manufactured homes are eligible if they are de-titled, permanently affixed to the real property that is secured by the first lien.

  • Is your mortgage a home equity line of credit (HELOC)?

    To be eligible for Loan Preservation Assistance your mortgage cannot be a home equity line of credit.

  • Did you purchase your home through a private land sale contract or individual private party?

  • Do you own any other residential real property?

    To be eligible for the Loan Preservation Assistance program, homeowners may not own any other residential real property. This includes vacation homes or rentals.,Timeshares or vacant lands are not considered to be other residential real property.

  • What is the approximate value of your home?

    The LPA program requires property valuation not to exceed $625,000


  • Are you currently in active bankruptcy?

    Homeowners who have previously received a court order of “dismissal” or “discharge” are eligible to participate.

  • Have you been convicted of: (A) felony larceny, theft, fraud or forgery (B) money laundering (C) tax evasion in connection with a mortgage or real estate transaction within the last 10 years?

    Funding for OHSI and the LPA program comes from the Troubled Asset Relief Program (TARP), and is subject to the Dodd-Frank Act >>, which prohibits applicants with certain types of felonies from receiving assistance.

  • (a) How many people live in your home? Select number of persons in household

    To be eligible for the Loan Preservation Assistance program, your income for the current year cannot exceed 140% of state median income based on the number of people living in your home.

    (b) Do you expect that your income for this year will be less than $?

  • Did you receive monthly mortgage payment assistance from OHSI?

  • Did you receive a one-time payment under the Loan Preservation Assistance Program?

  • Have you experienced a hardship that has resulted in the inability to pay your current mortgage or property taxes?

    The LPA Program is specifically designed to support homeowners that have recovered from a financial hardship. A typical hardship is a reduction in household income due to unemployment, underemployment, reduced pay or hours, decline in business earnings, death, disability, or divorce.

  • Is your housing expense (principal, interest, taxes, insurance and association fees if applicable)-to-gross monthly income ratio less than or equal to 45%?

    Housing expense ratio is the ratio of the total monthly mortgage payment (principal, interest, taxes insurance and association fees to the total monthly gross (before tax) income. For example: An applicant has a total monthly mortgage payment of $600 and has a total monthly gross income equal to $2,000 making the housing expense ratio 30%. That is $600 divided by $2,000 x 100% = 30%.

  • - Based on your responses, you may be eligible for the Loan Preservation Assistance Program. Your actual income and other factors will be evaluated once your completed application, including supporting documentation has been submitted.

    Applicants will need to demonstrate their ability to sustain their monthly payments moving forward. A sustainable payment is defined as a principal, interest, taxes, insurance and association fees (PITIA)-to-gross monthly income not to exceed 45 percent.

    To begin an application, click on the “Apply” button below.


    - based on the answers you provided to this assessment, you may not be eligible for the Loan Preservation Assistance program. You may still apply for the program, or contact OHSI customer service at 503-986-2025 with questions about the program’s eligibility criteria.

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