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Accepting applications statewide.
Current Application Cycle:
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Rebuilding American Homeownership Assistance

Developed in partnership with Oregon’s Senator Jeff Merkley, the Rebuilding American Homeownership Assistance (RAHAPP) aims to provide a new opportunity for underwater homeowners to refinance their mortgage. RAHAPP mortgages will enable homeowners to rebuild equity faster than their existing mortgage or to lower their monthly payment amount. As a pilot program, opportunities for participation are limited, we are currently accepting applications statewide. Eligibility criteria include, but are not limited to, the following: 


  • Homeowners must be current on existing mortgage payments
  • Homeowners cannot own other residential property
  • Existing mortgages cannot be owned or guaranteed by Fannie Mae or Freddie Mac 

RAHAPP provides two refinancing options:


  • 15-year mortgage at 4% fixed interest, APR 4.129%.
  • 30-year mortgage at 5% fixed interest, APR 5.077%.


The following questionnaire provides you the opportunity to determine if you may be eligible for the RAHAPP 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.



OHSI has contracted Alpine Mortgage Planning to administer RAHAPP, and interested homeowners will be evaluated for and may be offered other refinance options. Refinance fees will apply. 

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