There is 3 different programs available right now with no money down: 

Key Bank offer's the KEY COMMUNITY PROGRAM  

Key Community requires NO down payment and has low fees, so it takes a lot less cash to get started. One of the greatest benefits of this program is that qualifying is easier than you might expect.
This program ISN'T just for first time home buyers, it can be if you just sold your house and are purchasing a new one as well. The requirement is it has to be owner occupied and you can't own another home when you purchase one.
Here are some ways Key Community Mortgage can help:
Conventional financing with NO private mortgage insurance (PMI) required.
Fixed interest rate and terms up to 30 years
Flexible credit decisions
NO Loan Orgination Fee (typically 1% of sales price)
Max 3% Seller contribution allowed towards closing costs and or pre-paid items
If funds are required to close for pre-paid items etc. such as taxes the funds can be a grant, a gift from a family member or through a down payment assistance program
1 month reserve required for principal, interest and insurance (PITI) in your bank account.
Must make less than $54,400 total household income or be purchasing in a destressed/up in coming area.  

To learn more including a consultation to determine if you qualify please contact: 

Mark Wilson, Tel: 503-680-2447
Email:mark_e_wilson@keybank.com 

OnPoint Credit Union offers a few programs at a 100% financing 

OHSU employees and teachers can receive benefit for any owner occupied home at 100% financing. 

The JUST FOR STARTERS program is for First Time Home Buyers.
It offers NO down payment
No Private Mortgage Insurance (PMI)
30 year fixed mortgages
Owner Occupied Only
Maximum loan amount is $330,000
Oregon or SW Washington
Must have or open an Onpoint Credit Union account and have automatic payment from a checking account
2 monthes reserves by closing of the principal, interest,taxes and insurance (PITI).
Reserves can be a gift from a family member or friend. 

For a consultation to see if you qualify or questions, contact:
Kim Savery at 503.273.2694 or
Kim.Savery@onpointcu.com  

Big River Mortgage Offers the USDA LOAN 

100% financing for homes outside the city limits:
North Plains, Sherwood, areas of Gresham, Damascas, Wilsonville, McMinnville, Forrest Grove,Woodburn and others.
This loan has a website that the address can be plugged in and you can know immediatly if the home qualifies for "outside" city limits.
100% financing 1 day out of Bk with qualifying credit scores also!
**$400 closing costs credit available to buyer's** 

To have a consultation, or questions contact Michael Neef at Big River Mortgage.
Cell:503-929-4615 or Email at mikeneef@yahoo.com