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New slots will become available
August 22 at Noon
 

  • Need a computer to apply for the PRLE Program?     Contact the intake agency in your county.
    Click here to find the nearest Oregon WorkSource Center.
  • Need support with your PRLE application in another language? Call 503-986-2025
  • Questions? Take a look at the FAQs.

Principal Reduction and Lien Extinguishment

The Principal Reduction and Lien Extinguishment (PR/LE) program is designed for homeowners who are on a fixed income and struggling to make their mortgage payment. The program will pay up to $50,000 to reduce the unpaid principal balance of the mortgage so that the loan may be re-amortized resulting in a sustainable lower monthly payment.

 

NOTE: The benefit is provided in the form of a no-interest, five-year forgivable loan for which a lien will be recorded against the property.

 

Submission Checklist

 

 

Questions? Contact homeowner.help@oregon.gov

 
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