City Of Springfield
Community Resource
About this resource
This initiative supports low and moderate income residents in acquiring their first home by providing loans of up to $25,000 to cover down payment and related expenses for eligible properties. These loans are interest-free, with repayment typically deferred until the home is sold, refinanced, or transferred. The availability of funds for these loans is subject to current funding levels.
Intake Procedure: For additional details, you can call, email, or visit the website.
Fees: There are no associated fees.
Who can use this
- - Must be a first-time home buyer or have not owned a home in the last three years - Must meet specified income criteria - Must be prequalified for a mortgage - Must have completed the Homebuying Foundations course through DevNW - Must contribute at least 50% of the minimum down payment required by the primary lender
Documents you may need
- Proof of income, credit report, W2's and 1040's, Homebuying Foundations certificate
Don't have these? Contact the organization—they may be able to help.
Get in touch
Springfield, Oregon
Walk-ins welcome
Location
Transit Nearby
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